Fantastic entry point for Verasity. 300% to ATH 🐱🏍
Verasity (VRA) is a protocol and product layer platform for esports and video entertainment.
Total market cap is around 100 million.
The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly.
Bullish stuff:
We did find a strong support around 0.02$.
Currently it looks like we get a W shaped recovery which is one of the more reliable patterns.
The RSI shows a strong healthy rise.
Trading volume is increasing even during the price drop. This is a good sign for an upcoming recovery.
Bearish stuff:
We did not create higher highs yet and are in a consolidation phase during a down trend.
Technically we are still not above the bull market support band consisting of the 20 week SMA and 21 week EMA .
As a middle cap altcoin VRA heavily depends on the health of Bitcoin and Bitcoin did not break the bull market support band yet.
VRA keeps integrating and developing.
Check their Roadmap for 2022 on their official website.
A 1 billion market cap seems not out of the cards which is a 10x from here.
It could take some weeks but we believe that VRA will rise again.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
Ctumblery
Total market cap is around 100 million.
The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly.
Bullish stuff:
We did find a strong support around 0.02$.
Currently it looks like we get a W shaped recovery which is one of the more reliable patterns.
The RSI shows a strong healthy rise.
Trading volume is increasing even during the price drop. This is a good sign for an upcoming recovery.
Bearish stuff:
We did not create higher highs yet and are in a consolidation phase during a down trend.
Technically we are still not above the bull market support band consisting of the 20 week SMA and 21 week EMA .
As a middle cap altcoin VRA heavily depends on the health of Bitcoin and Bitcoin did not break the bull market support band yet.
VRA keeps integrating and developing.
Check their Roadmap for 2022 on their official website.
A 1 billion market cap seems not out of the cards which is a 10x from here.
It could take some weeks but we believe that VRA will rise again.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
Ctumblery
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