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TheNewsCrypto
Nov 26, 2022 4:29 AM

Verasity (VRA) "Falling Wedge" Long

Verasity / TetherKuCoin

Description

Verasity (VRA) Price Prediction 2022

Verasity (VRA) holds the 500th position on CoinGecko right now. VRA price prediction 2022 is explained below with a daily time frame.

The above chart of Verasity (VRA) laid out a Falling Wedge .In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. 

This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.

Currently, Verasity (VRA) is at $0.00296527. If the pattern continues, the price of VRA might reach the resistance level of $0.00334464, and $0.00473596. If the trend reverses, then the price of VRA may fall to $0.00256085$

Happy Trading
Comments
UnknownUnicorn15614419
Very high-quality description, my friend. I just got a high from reading it 😌 I think that the idea will work pretty quickly, with the current volatility it has every chance to do so.
TheNewsCrypto
@TradingStat Welcome
Solldy
Correctly noted arguments, some I had not even noticed before. The idea turned out to be informative and useful for further trading. Thanks, buddy!
TheNewsCrypto
@Solldy thanks
Williamforex
Amazing
TheNewsCrypto
Tolberti
That's an interesting analysis, thanks for your work!
TheNewsCrypto
@Tolberti thanks brother
SwallowPremium
Great chart with good description!
TheNewsCrypto
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