Market

Verasity, checking for a new entry. Much better this time! for KUCOIN:VRAUSDT by tumbler55

Intro:
– Verasity ( VRA ) is a protocol and product layer platform for esports and video entertainment
– Verasity keeps building since 2017 and has planned to introduce NFT’s to their platform during Q4 2021.
– In circulation we have 6 billion coins out of currently 10million possible.
– Total market cap is currently around 200 million and still has a lot of room to grow

Daily chart:

– Price took a hard hit during this flash crash and even shortly retested the 200MA. Currently we are below the yellow line and bull market support band. So a much better entry than last time.

Volume stays relatively stable.

RSI analysis shows that we are in a downtrend and are looking for a bounce back.

– Support lines are at 0.038$ and 0.01$.

– Resistance lines are at 0.062$ and 0.084$.

Expectation:

– Now that VRA has cooled off a lot we expect a consolidation phase before we bounce back up again.

– End of the year prediction: We will see a 0.2$+ VRA before the end of 2021.

Basic rules:

– Never buy the top/ ATH

– Take profit as long as you can (also partial profit is profit)

– Use Stop/loss for leveraged positions

– If you are not experienced, don’t leverage in the first place

Enjoy the ride and don’t be too greedy.

If you like the content, please like, comment and give this channel a follow.

We would love it if you could share your thoughts in the comments.

Discussions are very welcome here.

Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.

Cheers

ps.

Chart explanation:

Main lines:

– Green lines are tested support lines.

– Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.

– Cyan line is for volume trendline.

– White lines are Fibonacci retracement levels

Helplines:

– Purple lines are trendlines we take a look at.

– Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.

– Yellow lines are for visual help only.

Specials:

– Boxes represent either entry zone or support zone . Check the description.

– Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button