Hi friends hope you are well, and welcome to the new update on Verasity (VRA)
Broke out the channel:
On a daily time frame the priceline of VRA was moving in a down channel for more than a month. After testing the strong support zone ($0.024 to $0.029) finally Verasit broke out this channel.
Strong support zone:
If we zoon out to the weekly time frame, then it can be observed that this support zone which starts from $0.024 and goes to $0.029 is not broken down since Aug 2021.
weekly oscillator:
Stochastic oscillator on the weekly time frame is showing that the market of VRA has been oversold. Previously when the stochastic was oversold then we had a big move, now we can expect the same move again.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Broke out the channel:
On a daily time frame the priceline of VRA was moving in a down channel for more than a month. After testing the strong support zone ($0.024 to $0.029) finally Verasit broke out this channel.
Strong support zone:
If we zoon out to the weekly time frame, then it can be observed that this support zone which starts from $0.024 and goes to $0.029 is not broken down since Aug 2021.
weekly oscillator:
Stochastic oscillator on the weekly time frame is showing that the market of VRA has been oversold. Previously when the stochastic was oversold then we had a big move, now we can expect the same move again.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.