VRA descending channel breakout and retest completed
VRA/USDT has corrected 82% from its November highs and into a HTF weekly supply to demand flip zone where it has broke out of downtrend resistance and retested with high volume. Its formed a high volume bottom with pin bar on weekly with highest volume on the chart since inception, price has since formed an uptrend on the daily putting in higher highs and higher lows.
Weekly structure is bullish respecting uptrend putting in a new swing high and this could be the formed higher low and the start of a new move to the upside and new leg.
RSI on 3d looks reset as like the last leg up, above the MA with bullish divergences. MACD on weekly converging showing momentum coming into the market.
Great fundamentals on VRA and definitely a good buy here imo
Weekly structure is bullish respecting uptrend putting in a new swing high and this could be the formed higher low and the start of a new move to the upside and new leg.
RSI on 3d looks reset as like the last leg up, above the MA with bullish divergences. MACD on weekly converging showing momentum coming into the market.
Great fundamentals on VRA and definitely a good buy here imo
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