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VRA / Tether PERPETUAL FUTURES

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VRAUSDT.P trade ideas

Crypto|VRA/USDT|Long *High riskLong VRA /USDT TA: More accurate signal to open a trade will be breaking through the resistance (upper line) of the triangle figure (Screenshot attached). Globally, on the entire history of the VRA /USDT chart on the Kucoin exchange, we can distinguish 2 complete perfect cycles consisting of 3 phases (growth, accumulation and fall). Using the minimum cycle data points, you can select the support zone (indicated by the blue zone) (Screenshot attached). Using the "baseline" tool with a set level of 25%, we can determine the approximate zones in which the asset is oversold and more attractive for purchases. In this case, the price is below the 25% level and can be considered attractive for forming a long-term long position. Using the methods used in the previous 2 cycles, you can select the trend zones of the previous and current cycles (highlighted in red, yellow, green zones) (Screenshot attached). The take level is determined using two fibonacci levels, global and level to determine the take price, using these two tools, the take zone highlighted in orange was determined (Screenshot attached). On the chart, you can highlight the global trend line of support. The stop loss zone is indicated under the global trend support levels and under the global price support zone (Screenshot attached). We also considered the scenario with no penetration of the triangular pattern (highlighted with red arrows) (Screenshot attached). There are 2 positive outcomes in which the idea as a whole will be relevant, and the resulting levels will be attractive to buy: 1. Rebound or not consolidate at the upper boundary of the triangle and a drop of its support, then the price is going to retest resistance. 2. Rebound or failure to fix on the upper boundary of the triangle and fall to its support, support does not hold the price and the price falls to the support level of the global trend line, after which it tests the triangle levels.
Long
by Henry_Ross
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