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Verasity / Tether

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VRAUSDT trade ideas

VRA pullback As expected VRA is correcting here after reaching it's 1.618 fib extension. Ideally if we could get a bounce either off the 0.618 fib and reclaim the daily OB at 0.068 before the daily close that would be very bullish. Otherwise we need to look for support at the 0.618 or the 4HR supply/demand zone at 0.06 and wait for confirmation of a move up from there. Don't panic, these corrections are healthy and normal. I'll be concerned if we begin to trade below 0.06 on the daily, until I'm bullish af, patient and waiting on the insane gains to come. Good luck.
by A_Boyism
VRA what's next?VRA fell slightly short of my trend based targets but reached its 1.618 fib extensions and sold off. Profit taking after doing more than 160x in 12 months is to be expected but so far that sell off hasn't been to dramatic. I'm expecting a re-accumulation range now, price could drop back to the 0.382 fib at around 0.06 cents which lines up well with a key 4HR OB from the previous range. Ideally it would be great if VRA held the Daily OB at 0.068ish cents, if bulls can hold support there we might see a faster continuation or if we get some news, whatever that might be. If VRA is able to reclaim the 4HR OB at 0.076ish cents and hold it as support then expect more upside. Good luck, happy trading and manage your risk.
by A_Boyism
VRA to resume run to price discovery?Verasity (VRA) had a dizzying run in october but has taken time to chill for a week or two now. Is it nearly time to get back in the rocket ship? While VRA is trying to make 0.071 stick, I feel if it suddenly loses this support, we'll see it drop to 0.068 and possibly as low as 0.064 to test support. No harm setting some buys there if you want to stock up on this long term monster project. Next stop if we move back upwards is around 0.25c in my opinion. I am bullish on VRA overall, and I think by end of year we'll be getting close to $1, although I think we will fall short in this particular run. Personally, I'm taking profits at 0.65-75c, but I will be holding the bulk of my bag for longer.
by olilynch
3
Update on VRAHappy that VRA is holding this range, if we continue to trade sideways in the range I am looking for a sweep of the lows, maybe down to the daily OB with a bounce back into the range, entry on the retest once back inside the range, this would be a Wyckoff spring which should send price to the top of the channel and hopefully our next breakout. Otherwise just trade the range, if price reclaims the 4HR OB and then the centre of the range expect it to reach the top, if breakout doesn't happen short back to the middle/bottom of the range, rinse repeat until it decides to go one way or the other. Manage your risk, good luck.
by A_Boyism
1