$VRA - I want green zone for long term
My plan of attack for Verasity ($VRA)
- retrace to 618 fib
- even if this is a first impulsive wave of a larger 5 wave structure, I'd expect retrace toward green
- green is also a macro break of bearish market structure (dashed line)
- it's a key monthly level as well (solid line)
This could still push higher, I would still look to long green
Invalidated on a weekly break and hold of red above.
Time will tell, I think this is a good area for long term positions I am interest in for this asset.
Cheers
- retrace to 618 fib
- even if this is a first impulsive wave of a larger 5 wave structure, I'd expect retrace toward green
- green is also a macro break of bearish market structure (dashed line)
- it's a key monthly level as well (solid line)
This could still push higher, I would still look to long green
Invalidated on a weekly break and hold of red above.
Time will tell, I think this is a good area for long term positions I am interest in for this asset.
Cheers
Comment:
MOVING TOWARD TARGET (GREEN)
Trade closed: target reached:
TARGET REACHED
Vatsik