✴️ Deciphering Verasity's Chart (Name Your Altcoin)

19. Okt. 2023

For Verasity, I am focusing on the "rising trend line" and "main higher low" for this analysis...
This is the starting point, the baseline.

The "main higher low" leads to a "short-term higher low" that is supported by "high volume".

This is telling us that we can expect prices to continue to rise in the long-term but there is a catch.

This analysis is only valid as long as the orange rising trend line holds.

➖ If VRAUSDT trades above this trend line, we continue to expect higher prices;
➖ If it moves lower, the chart would still be bullish but the short-term bias can change.

Bullish overall.
28-October Fireworks.

Namaste.