VARAUSD Lower Time FrameSince a lot of the trolls here love the lower time frames, here is one for you guys.
VARAUSD trade ideas
A chance not definite of a reversalMany thanks to @fritbjorn on his analysis earlier comparing this asset to MATIC. Here we have a long wick candle forming very near a key level and a Fair Value Gap. We also have the CCI close to -200 alluding to being oversold and a price reversal. We also have the bottom indicator flashing green saying the bottom is in or close. Just keep and alert eye for *possible* price reversal. Pray for a miracle.
VARAUSD Weekly AnalysisThe wich off of the center B Band is developing nicely with a few days left in the weekly candle. I anticipated this pull back due to resistance from trapped longs and upper B Band psychological level. Next weeks candle will likely reverse and develop into a massive green candle, this time absorbing the remaining trapped longs at the $0.04 level. The center B Band is a target long position with next target accumulation zone around $0.045 and $0.11 depending upon BTC and USDX movements.
VARAUSD - Bullish Trend - WeeklyAs you can clearly see the B Bands have tightened. Price action has already hit the upper band resistance as it is supposed to and support of the center band was previously confirmed. Price action is headed toward the center B Bands where it will likely confirm support again and break out. This sums up the accumulation phase on the weekly chart. Sorry to those of you who are staring at the 4 hour, that cannot be done on assets like this. We are only concerned with the big picture which is that this Asset pumped all the way up to the top of the B Bands and retreated. This is unavoidable even for Bitcoin. Understandably VARA is going to pull back more and more often, this is why swing trading the asset is such a joy. All I can tell you is small moves on the lower time frames are technical pointers but are in no way the direction of this coin. I mentioned previously that this weeks candle would likely be red and when I said that it did not mean the price is going up, it means exactly what it says, a downward move.
VARA Bullish SqueezPrice action has been in a bullish squeeze since about 3am CST this morning. The bands squeeze prior to price explosion. Could go up or down.
VARA - Bullish Trend Reversal - Further AnalysisTrapped longs are regions where traders called a false bottom and went all in while the market continued to sell. The current actual bottom is indicated and called due to a trend reversal, heavy increase in buying pressure volume, and a clear change in market structure. There are currently trapped shorts in this region where stop loss and fear traders orders were filled and gobbled up by consumer, institution, and whale traders. This asset has a very low market cap, if and when the trapped longs are cured and price action breaks through this region of the chart greed will overtake breakout traders who will go all in. This hasn't occurred yet due to several massive pullbacks from the $0.04 mark. This asset has several psychological price points of approximately every half cent currently hitting .03 and .035 psychological resistance. Contracts are opening and closing in short periods of time partially due to lack of faith as well as automated trade activity. It will be interesting to see what happens overnight Sunday into Monday morning.
VARA - Further AnalysisI've gotten quite a few messages from people wanting to know why I am bullish on VARA right now. Look at my chart, this is why. This asset has been trying to break out for months and it actually isn't falling it is in a bullish squeeze. This regression trend in the chart below is the top and bottom of the range (it is an approximation). This is also called an accumulation zone. If someone were to have averaged in throughout this regression trend the center line shows the average price for all coin bought.
VARA 1-HOUR - INVERSE HEAD AND SHOULDER PATTERNThis is what an inverse head and shoulders pattern looks like. Sadly, on the 1-hour the resulting pump is often small, but it can sometimes turn into a significant rally. This is a reversal signal on a low time frame.Inverse head and shoulders pattern on the 1 hour timeframe
VARA - USD Bullish Whale AccumulationPlease see the chart for illustration. This asset remains in a whale accumulation sideways trend. Bollinger bands were compressed leading to a price action squeeze leading up to the initial breakout from above $0.025 with many long positions opening between this price point and $0.03 placing the local bottom at just below $0.03. Consumer and whale activity still indicates the bulls are in control of this market. I have increased my target to $0.15 pending breakout above the $0.10-$0.13 range where a larger set of trapped longs exist. Trapped longs are traders who locked in on a price point but failed to execute a stop loss. When this happens investors will try to hang on long enough to allow for the price to return to near their price in order to break even or take a small loss. This is incredibly risky considering once price action returns to that price point it is more likely to continue going upward for a time as greed overtakes their fear.
VARA Eyeballing $0.13 Breakout, Then SupportVARA thus far has been in whale consolidation which is the initial stage leading to a big move. Breakout above $0.13 is likely where support will be found for additional leg up to higher time frames.
You Smell That?The turd is smoldering..
Now lets end the month with a bang!
Note: Logarithmic Scale Chart
VARA USD: Bullish Deep Crab PatternVara Network has entered in the PRZ (Potential Reversal Zone) of a bullish deep crab pattern.
Vara has also posted weekly bullish divergence for the first time since the projects existence.
Looking for a 0.50 retracement from the downtrend to reach levels around:
0.0480-0.05
Stoploss: 0.0160
OversoldThere is an inversion on the RSI and price trend. This could signal a reversal in price. However, price could still be in the bottoming out process.
RSI and MACD are in oversold areas looking to move up. Bullish.
The Fixed Volume and fib retracement tools shows resistances on the way up.
Disclamer: This is not financial advise. This is me sharing some observations on Vara. Contact a licensed financial advisor for investing advice.
F U Rally Fake Breakdown to make um panic sell.
Big Rally to make um Cry.
The Lifecycle of Trading Against Dumb Retail
VARA USD Bullish Butterfly VARA Network Bullish Butterfly Completion Zone. (Option 2)
Target Zone:
0.0342-0.0328
Looking for bullish divergence to develop in (Option 1 Zone Bullish Shark) or (Option 2 Zone Bullish Butterfly) for a potential reversal of trend.
The composite man and market makers are reloading before a reversal. This happens time after time!
VARA USD Bullish Shark Completion Zone Vara Network Bullish Shark Completion Zone
Target Zone:
0.04-0.0380
Bullish Inversion on prive vs RSIThe last time Vara was this over sold and had an inversion there were spikes up. June has a smaller inversion on a shorter time span.
There is another inversion happening on a longer time span that is creating a trend lin in the RSI. This time frame spans from last November to june this year.
In about a 2 month timeframe there was a 268% increase in price per Vara. We shall see...
Disclaimer: This is not financial advice. This is me sharing my observation. Trade, invest at your own risk or find your self a licensed financial advisor.
Vara/usd daily Varausd daily is looking good for a long trade.
stoploss below .0676
TP1 Fib 1 (RR1:3)
TP2 Fib 1.618 (RR1:5)
TP3 Fib 2.618 (RR1:8)
Rsi has potentially bottomed on a third touch forming an uptrend.
PA found support at the daily 50 simple moving average.
NFA
Do your own DD
$VARA 2x-6x upside?$VARA has broken out of it's downtrend and has been consolidating on top of it's trend line.
I lean towards a big move higher from here. Once $VARA breaks the $.15 level, we should see continued upside.
I've marked off key resistance levels to the upside, let's see how high we go.
VARAUSD: Bat Pattern/ Inverse Head and ShouldersExpecting The Vara Network to continue the uptrend into the Bat Pattern targets.
Bat Pattern Targets:
0.25-0.30 Cents
We also have a very large Inverse Head and Shoulders pattern.
Inverse head and shoulders target:
0.18-0.20 Cents
Support and consolidation is developing at the 0.09-0.10 cent zone along side the down sloping trend line of the triangle pattern.
Dont make it harder than it should be. Buy on the line, make $$$Now that VARA has retraced 50% and sitting on the bottom of the triangle, here's 3 paths moving forward:
A. Impulsive to the upside (boosted by ETH ETF approval)
B. Sideway and re-accumulation, then move up. (This is more likely to play out)
C. It do go down. This is over. (You wish!! this is a bull market and VARA imo hasnt even started)
At every time price touched this line in the past, there's tons of sellers and whiners and lots of fear, and each time they are rekt, only to buy back in at the top and ride it back down. Understand human nature and buy when everyone thinks it's over, sell you their bag and then you sell it back to them at much higher. Rinse n repeat
If you bought every time price touched this line, you made moneyAs seen on the chart VARA price so far has respected this trendline and it looks like the price is on its way down to touch it again. Thats a 2c drop from where we are at and lets see if we get there. Good area to DCA in is around 9c in case we dont make it all the way there.
The upside potential is massive for this one. DYOR
