Morning Verasians,
Not going to make any wild predictions at this point as there isn't much in the way of bullish market structure to do so but I do think we continue to bounce here, I'll be watching each of these levels for a reversal because I do think more downside is possible.
Given VRA's correlation with BTC I'm tracking BTC to find confluence on my VRA trades. If VRA is to remain strongly correlated checkout my BTC Q1 and Q2 thesis to see where VRA might be headed over the first half of the year, I do think it's likely we see more consolidation/accumulation over the first half of the year but who knows, we could be at new ATHs next month.
Rumours of big announcements from the Verasity team in the near future are exciting and could drive price up significantly and reduce VRA's correlation to BTC but in the meantime keep selling reversals and buying dips, or just stake it if you just want to hodl, accumulate as much of this asset as you can.
I'm excited for Verasity's 2022 roadmap to see what the team has planned for the coming year.
Trade the chart not the feels. Take Profit. Manage Risk.
Not going to make any wild predictions at this point as there isn't much in the way of bullish market structure to do so but I do think we continue to bounce here, I'll be watching each of these levels for a reversal because I do think more downside is possible.
Given VRA's correlation with BTC I'm tracking BTC to find confluence on my VRA trades. If VRA is to remain strongly correlated checkout my BTC Q1 and Q2 thesis to see where VRA might be headed over the first half of the year, I do think it's likely we see more consolidation/accumulation over the first half of the year but who knows, we could be at new ATHs next month.
Rumours of big announcements from the Verasity team in the near future are exciting and could drive price up significantly and reduce VRA's correlation to BTC but in the meantime keep selling reversals and buying dips, or just stake it if you just want to hodl, accumulate as much of this asset as you can.
I'm excited for Verasity's 2022 roadmap to see what the team has planned for the coming year.
Trade the chart not the feels. Take Profit. Manage Risk.
