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Verasity / Tether

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VRAUSDT trade ideas

VRAUSDT expectation mid termSo far no reversal structure and a poor location on VRA, so don't get too excited. Wait for a return to RLZ (the blue rectangle) and a reversal structure (at least a clean daily one) before entering. From a TP perspective, the sell zone is in the red rectangle. Note, the chart seems to like GANN. It hit its target in mid-September 2021 (orange rectangle) calculated from the previous big move. It will be wise to recalculate a GANN when the bearish movement will be over with a true confirmation.
by Gokyo
VRA - Key levels Q1 Q2 2022Morning 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.
Long
by A_Boyism
Long $VRAVRA is an interesting coin to sort out. First of all, we have almost identical volumes for over 20 weeks, which indicates the interest of traders. We broke the support at 0.026-0.03 (gray rectangle). I expect a short consolidation at the levels of the second support (dark green rectangle), also at this level there is a trend line, which strengthens the support at these levels. After the consolidation I expect price growth. Always consider the general state of the market.
Long
by CryptoScrols
VRA - I'm averaging in on each dipHope everyone had a good holiday break. Pretty much watching BTC as both VRA and BTC's charts are highly correlated. We're at support and I would not like to see us start trading below the wicks from September on higher TFs, if so, I will probably exit into Stables and wait and see. I think both BTC and VRA have one more sweep of the lows left to take out September lows where there is a lot of long liquidity then pump to take out short liquidity. Either we do it soon, or we bounce and do a slow grind down into it like we saw in June/July bottom on BTC. Good luck.
by A_Boyism
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