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VRA Could Breakout if an Ascending Triangle Forms, Says Trader


by CoinEdition
50M GRT Deposited to Binance, Causing Its Price to Jump
  • Crypto Tony revealed that he is waiting for a bullish ascending triangle to form on VRA’s 12-hour chart.
  • According to his post, the formation of this pattern could lead to a positive breakout for VRA.
  • Meanwhile, VRA was trading hands at $0.00651 following a 2.46% 24-hour loss.

The cryptocurrency trader and analyst Crypto Tony shared in an X post yesterday that he would like to see an ascending triangle form on the 12-hour chart for Verasity (VRA). According to the post, this pattern emerging in the next few weeks could lead to a strong breakout towards the upside for the altcoin.

From a shorter-term perspective, the altcoin’s price dropped 2.46% over the past 24 hours. According to data from CoinMarketCap, VRA was trading hands at $0.00651 at press time. Although VRA saw its price drop throughout the past day of trading, the cryptocurrency was able to record a 12.72% uptick in its daily trading volume.

Daily chart for VRA/USDT (Source: TradingView)

Lo…

The post VRA Could Breakout if an Ascending Triangle Forms, Says Trader appeared first on Coin Edition.

Read the article at CoinEdition

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VRA Could Breakout if an Ascending Triangle Forms, Says Trader


by CoinEdition
50M GRT Deposited to Binance, Causing Its Price to Jump
  • Crypto Tony revealed that he is waiting for a bullish ascending triangle to form on VRA’s 12-hour chart.
  • According to his post, the formation of this pattern could lead to a positive breakout for VRA.
  • Meanwhile, VRA was trading hands at $0.00651 following a 2.46% 24-hour loss.

The cryptocurrency trader and analyst Crypto Tony shared in an X post yesterday that he would like to see an ascending triangle form on the 12-hour chart for Verasity (VRA). According to the post, this pattern emerging in the next few weeks could lead to a strong breakout towards the upside for the altcoin.

From a shorter-term perspective, the altcoin’s price dropped 2.46% over the past 24 hours. According to data from CoinMarketCap, VRA was trading hands at $0.00651 at press time. Although VRA saw its price drop throughout the past day of trading, the cryptocurrency was able to record a 12.72% uptick in its daily trading volume.

Daily chart for VRA/USDT (Source: TradingView)

Lo…

The post VRA Could Breakout if an Ascending Triangle Forms, Says Trader appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Is This the Most Boring, Yet the Most Important Time to Buy Altcoins?

Is This the Most Boring, Yet the Most Important Time to Buy Altcoins?

Crypto analyst Michaël van de Poppe has noted that the altcoin market remains in its ...
Eric Trump Says ‘Buy the Dip’ on BTC and ETH; Here’s What Happened Last Time

Eric Trump Says ‘Buy the Dip’ on BTC and ETH; Here’s What Happened Last Time

Eric Trump is urging investors to “buy the dips” in Bitcoin (BTC) and Ethereum (ETH),...