Hi friends hope you are well and welcome to the new update on Verasity ( VRA )
Strong support and EMA resistance:
On a weekly time frame, VRA is bounced well by the support zone from $0.029 to $0.024. Now there is a resistance of exponential moving average 21. Once priceline breaks EMA 21 weekly then it will become a strong support and VRA can start another big move for long-term
Oscillators:
On weekly time frame RSI is moving below but very close to 50 value. It can be observed, that whenever RSI crosses up 50 level then VRA starts big move towards the upside. The Stochastic is also oversold and indicating that from here we can expect another reversal soon.
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
Strong support and EMA resistance:
On a weekly time frame, VRA is bounced well by the support zone from $0.029 to $0.024. Now there is a resistance of exponential moving average 21. Once priceline breaks EMA 21 weekly then it will become a strong support and VRA can start another big move for long-term
Oscillators:
On weekly time frame RSI is moving below but very close to 50 value. It can be observed, that whenever RSI crosses up 50 level then VRA starts big move towards the upside. The Stochastic is also oversold and indicating that from here we can expect another reversal soon.
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
Atif Akbar
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