I think the market is looking ready to make a move back up but we may see a swing lower before so.
As I have marked on the chart I'm expecting a doji SFP on tomorrows close which would be a great buying opportunity if you're not already in a VRA position.
Depending where todays candle closes there is the potential to lock in daily bullish divergence...
As you can see in the chart, VRA is on its long-term uptrend line ( I hope this line is not lost !!! ) .
The yellow range has the ability to support the price .
Also in the RSI indicator, it has reached its support range .
The MACD tells us two things clearly :
1. In the Histogram, we see the weakening of the downtrend ( Positive Divergence ) .
2. We are...
The most hilarious thing that I’ve been noticing for the past couple of months, is how the majority has changed their tune on where VRA will end up by the end of the year. It went from $3, $5, $2, $3, $1, and now reality has set in it’s now $.20 or $.50 cents.
Sitting back watching everything unfold, tracking price action, taking in account resistance levels, and...
as we see at the chart we have cup & handle pattern, so we need closing above the blue line for 1D par to get our targets (green lines)
your stop loss is closing 1D par under the red line.
trade carefully guys and don't forget risk management
VRA looks good, it looks like it can break out of this triangle formation with some good volume or good news.
Low caps usually rely more on news however not technical analysis, so be sure to watch for any upcoming projects etc on VRA.
The price structure in this pair from monthly time frame to daily time frame is bullish . Remember in this analysis I will not include entries. I will share a zone where price most likely will start the movement to the desire direction.
The price was over extended. When price is over extended we can expect a correction which already happened. If...
Our breakout failed due BTC and most markets dumping on the new Covid strain news.
VRA is struggling to stay about this key area support, my hopium at this stage is this Inverse head and shoulder plays out and pushes us back to 0.066 area.
I think a lot ways on what BTC does in the short term and whether Eth rallies which might signal another Alt season.
VRA about to retest the previous ATH, then we continue the flight.
Cup & handle pattern is very strong as it’s following the pattern.
- RSI and MACD looks good on lower timeframes about to flip from bearish to bullish
Once you get 1x or 2x, what i do is take my initial investment and let profit continue. ==> Risk Free..!
Verasity tech is a company slowly climbing its way through the tech and crypto world by applying blockhain to videos, ad tech and esports.
Here I do some fundamental analysis as well as some TA showing 2 possibilities for VRA moving forward.
All analysis on Graph.
Disclaimer: Everything provided by me is for informational and educational purposes...