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Verasity / Tether

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VRAUSDT trade ideas

Verasity, checking for a new entry. Much better this time!Intro: - Verasity (VRA) is a protocol and product layer platform for esports and video entertainment - Verasity keeps building since 2017 and has planned to introduce NFT's to their platform during Q4 2021. - In circulation we have 6 billion coins out of currently 10million possible. - Total market cap is currently around 200 million and still has a lot of room to grow Daily chart: - Price took a hard hit during this flash crash and even shortly retested the 200MA. Currently we are below the yellow line and bull market support band. So a much better entry than last time. - Volume stays relatively stable. - RSI analysis shows that we are in a downtrend and are looking for a bounce back. - Support lines are at 0.038$ and 0.01$. - Resistance lines are at 0.062$ and 0.084$. Expectation: - Now that VRA has cooled off a lot we expect a consolidation phase before we bounce back up again. - End of the year prediction: We will see a 0.2$+ VRA before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
5
VRA UpdateMorning! I think the market is looking ready to make a move back up but we may see a swing lower before so. As I have marked on the chart I'm expecting a doji SFP on tomorrows close which would be a great buying opportunity if you're not already in a VRA position. Depending where todays candle closes there is the potential to lock in daily bullish divergence on the RSI. We could swing as low as 0.049 which would be a 0.618 Fib retrace which lines up nicely with a tag of the previous high. Good luck, happy trading.
by A_Boyism
VRA, Do Something buddy !As you can see in the chart, VRA is on its long-term uptrend line ( I hope this line is not lost !!! ) . The yellow range has the ability to support the price . Also in the RSI indicator, it has reached its support range . The MACD tells us two things clearly : 1. In the Histogram, we see the weakening of the downtrend ( Positive Divergence ) . 2. We are witnessing the signal and MACD lines approaching each other and I hope that a cross will occur between these two lines in the coming days.
Long
by MrAliG
VRA updateOur breakout failed due BTC and most markets dumping on the new Covid strain news. VRA is struggling to stay about this key area support, my hopium at this stage is this Inverse head and shoulder plays out and pushes us back to 0.066 area. I think a lot ways on what BTC does in the short term and whether Eth rallies which might signal another Alt season. This would concern me if BTC puts in a lower high while alts pump, this could signal a much larger pullback is on the horizon. Still bullish just being cautious whilst there is uncertainty across the stock market.
by A_Boyism
VRA/USDT Will it reach 0.11? ☝️☝️☝️☝️The price structure in this pair from monthly time frame to daily time frame is bullish . Remember in this analysis I will not include entries. I will share a zone where price most likely will start the movement to the desire direction. In Monthly The price was over extended. When price is over extended we can expect a correction which already happened. If take fibonacci from low to high you can notice that the 0.618 and 0.786 fibonacci level are in good confluence with structure. We could expect the price to make a retracement to this zones. In weekly The price is also bullish . The price is currently holding above an important support. Also, if yo measure the current weekly impulse you will notice that the price is holding above the 0.786 fibonacci level. In Daily The price is consolidating. We can speculate that the price is creating more liquidity before start the movement to the upside. In general the price is very bullish but we have to wait for price confirmations to take an entry.
Long
by Wiiso