The price line of the VRA coin is moving above the $0. 01 and the weekly 50 , same as like the Bitcoin is moving above the weekly 50 and being accumulated above this .
STOCH AND MACD:
If we take a look at the weekly time frame chart, and place and moving average convergence divergence ( ) indicators, then it can be clearly seen that the has entered the oversold zone and clearly showing that the market is oversold. But the is still very strongly . Therefore, we can wait for the to change from strong to weak then there can be a big move expected.
On the daily time frame chart, the priceline VRA coin is moving in a pattern. This pattern is considered as a reversal and the price action of Verasity is moving at the resistance of this pattern for a long time period. Now if we take a closer look at the then it can be clearly observed that the price action of VRA is testing the resistance more than the support. And the more it will test the resistance the more there will be chances for the breakout.
Sell between: $0.0255 to $0.0454
The maximum extent of potential reversal zone $0.0067 can be used as stop loss. As per the above targets, this trade has a huge profit possibility of 577%, and the big loss possibility is 46%. However, in order to minimize the risk we can use the 50 weekly as a stop loss.
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