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Verasity / Tether

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VRAUSDT trade ideas

✴️ Verasity Update | Corrections Are HealthyIf you get straight up and prices grow in a matter of days or weeks what follows is a very long correction. This is true. Look back to January-February. We had a very strong bullish wave but the growth was so fast that the correction took 5X as long. Now a low/support was hit mid-June and instead of a steep rise, we are getting wavy action which is better if we want to sustained growth. What comes down fast, recovers even faster. What grows fast, takes an even long time to recover when it crashes. For Verasity we can see an initial bullish breakout immediately followed by consolidation above support. The support are the blue spaces and lines on this chart. This is good. If this type of action persist, we can see prices growing for months rather than weeks. Of course, this can change and if a break and close happens below 0.0038, the short-term bullish bias breaks but mid- and long-term the end goal remains the same. Patience is key. ✔️ If you are ready to wait for 2 weeks, maybe the wait will take 2 months. ✔️ If you are ready to wait for 1 month patiently, maybe it will take 3-4 months. So be prepared, because the market will test your patience at every turn. Keep some key levels in mind and think before you jump. What would you do if things go wrong? Quit at a loss or wait patiently until the next high shows up... And it will show up because we are in a long-term growing phase, the Cryptocurrency market is a baby and babies tend to grow. Namaste.
Long
by AlanSantana
✴️ Verasity Update With Targets (Easy 95% - 195% Potential)Everything is going as "planned"... Verasity is looking better since my last update. Please join me and let's review this chart together, the potential, the targets, signals and more. Feel free to hit like while we get started! We are looking at VRAUSDT on the weekly timeframe, all signals here are really strong, 7X stronger than the daily. First, last week marks the confirmation of the end of the correction. The week 12-June the correction ends. The week 19-June VRAUSDT goes bullish and closes above EMA10, at the same time it breaks out of the falling wedge pattern confirming a bullish bias. This week, 26-June, VRAUSDT is now trading above EMA21 with a strong RSI. The signals are quite clear and strong... And it matches what was shared in the previous trade idea. Now, where does this lead? I am seeing an easy target of 95% within days or weeks. And even more if we are patient and can let this develop. These targets are mapped on the chart. Thank you for reading. Namaste.
Long
by AlanSantana
✴️ Verasity Low Risk Falling Wedge Trade Setup (111%)Look at this trade setup, this is one of my short-term trade signals. I am using the falling wedge pattern, the correction coming to an end, Bitcoin, the market cycle, market sentiment and the candles... The risk is very low. This means that this isn't a sure win, it can always fail and thus we start by defining the risk, very low. The potential is great while at the same time easy to achieve and also fast. Can go much higher. Bottom line: yYou get about 15% risk with a 111% potential for reward. My goal is always to get a "good entry". Once I am positioned, ride the wave up and sell using one of the many selling for profits strategies that I have. As for the chart, you can see how the falling wedge lead to a bullish wave, this can repeat. Thank you for reading. Not financial advice. Namaste.
Long
by AlanSantana
10
VRA:USD Mean Reversion Targets: +120% / +500%, Algo: +3x / +80xVeracity looks set to pamp! There's multiple golden corner mean reversion trades in play with 80% odds of hitting their targets (as long as the lows hold). This Elliott wave count suggests that Verasity could be entering the most explosive wave, the 3rd with multiple algo targets above. In the past I've noticed setups like this often fail to hit the LOG targets for a 3rd wave so I have left them off this chart and am instead focusing on the higher probability mean reversion and algo targets. Key points: 2 Pitchfork mean reversion trades in play, these are the highest probability trades. Great R:R 2 algo targets in play, these are the second highest probability trades. Potential for explosive 3rd wave Expect resistance at the first pitchfork median line as the weekly resistance is also in line with this target Expect heavy resistance at order block (also contains bear golden pocket) Risk of lows being swept, re enter on a 1-2 retrace if this happens. The high level Elliott wave targets are $4 & $32, I DON'T BELIEVE THESE WILL BE HIT. The trade: Entry 1: as close to the golden pocked as possible, current price: 0.0042500 Entry 2: wait for a .618 retrace if lows are swept and price rebounds. Pitchfork Target 1: 0.008788 (moving higher): 8.7R Pitchfork Target 2: 0.25 (moving higher): 38R - THIS IS THE BEST TARGET, best odds, should play out even if this is corrective & there should be a decent retrace when this hits. Algo target 1: 0.017: 24R Algo target 2: 0.35: 647R Elliott target: 0.056: 97R Stop 1: 0.003787 Stop2: below the .707 of the swing from the new low if sweep happens Risk management: the stop loss is a significant drawdown @ about 11% so compensate for this by entering with a smaller position (risk no more than 2% of account balance for the drawdown) If given the opportunity with additional .618 retracements add to position & move stop to new .707. Take profit at targets and re enter on pullbacks. D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES. Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS. This is not financial advice. These are just my observations. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Long
by TribeWriter666
6
VRA - Market Structure Idea 💡 Using the line as a clean way to see market structure, see how this looks like a big "bear flag" retail pattern? If the price chases liquidity pockets above and below it would typically be printing these Higher Lows, Lower Highs and an EQual Low alongside a Change Of CHaracter. As it has another attempt at getting above .0065, my opinion is this has been a redistribution phase since February, with a big move above .0065 being my invalidation.
by UnknownUnicorn28683514
1
VRA - Short Term ideasVRA is is a traders dream, the massive volatility and volume really make it a gem to work both long or short for me. As always I am unbiased but I'm eyeing two potential scenarios over the next few months. The levels have been clear, and the volatility and volume really makes you need to watch for liquidation spikes as this is heavily leveraged on centralised exchanges. The grey box is a liquidity area of interest I marked out, it has been raided by the two double top wicks creating a range high then rejected. I see price ranging between the blue lines. Price always follows liquidity, my key liquidity areas above are .0055 to .0065 and below .0045 to .004 Watching these levels, you have clean entry, clear invalidation and stop placement. Follow the break of range and see how it reacts at or around these levels.
by UnknownUnicorn28683514