VRAUSDT Trading opportunity
VRAUSDT has completed the correction of its big wave cycle 1 and now bounced from the 61.8% Fibonacci level of ATH and ATL. This is a positive sign for the coin, as it indicates that buyers are stepping in at this key support level.
If the price continues to hold above the 61.8% Fibonacci level, we could see further upside potential for VRAUSDT. However, it's important to monitor the price closely and be aware of any potential retracements.
With the completion of the correction and a bounce from the 61.8% Fibonacci level, VRAUSDT is showing potential for a bullish trend. Keep an eye on VRAUSDT to see if the pattern develops further.
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VRAUSDT.P trade ideas
Verasity VRA Finally Heading North Verasity published this before and still hasn't broken out to my marks but...
Assendung triangle in the 2 day, should at least bump up to the top side Bollinger Band also Top Gaussian Channel, good confluence to .0075 also 200 SMA
if broken, then to the 200 EMA at o.0095, maybe 0.1 cent, but expect a retest of top of triangle make sure it holds or use it as stop loss
can use bottom trend line as stop loss if buy in now
$VRA - I want green zone for long term My plan of attack for Verasity ($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