VRA/USDT has concluded its current wave cycle and is poised to commence a new one, with the price appearing to carve out a round bottom reversal pattern following the completion of the initial wave.
We have identified an optimal demand area that serves as a prime zone for accumulation; our chart illustrates targets ranging from the short-term to the anticipated neckline zone.
Additionally, the area marked as an extreme demand zone warrants vigilant monitoring, as significant buying activity may ensue if the price approaches this region, though a retest is not expected in the near future.
We foresee the potential for the round bottom formation to evolve into a cup and handle pattern once it approaches the neckline zone.
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