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VRAUSDT Looking Severely Overbought
Verasity / Tether
Short
VRAUSDT Looking Severely Overbought
By AutomatedTradingAlgorithms
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Updated
Sep 30, 2023
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Sep 30, 2023
A potential Reversal on VRAUSDT is imminent as things are looking incredibly overbought at the moment.
To further back the point of a potential reversal, Bitcoin, which leads the crypto market, is also looking oversold.
On higher timeframes, a reversal has not been signaled yet, but things are also looking oversold.
There can be a potential short squeeze before making it's way down.
This is not financial advice, all ideas are for educational purposes only.
Sep 30, 2023
Note
Correction, it is mentioned that Bitcoin as well as VRAUSDT on higher timeframes are oversold, this is a typo and should be overbought instead.
Technical Indicators
meanreversion
overbought
overbought-condition
shortsetup
tradeidea
Trend Analysis
AutomatedTradingAlgorithms
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Automated Trading Algorithms:
discord.gg/xuKHyhPKS6
Tutorials-YouTube:
youtube.com/channel/UCJH8wJ8Ab_O-HTb0wrrtAKQ
Mathematical papers:
algoalert.net/pdfs/fourier.pdf
algoalert.net/pdfs/IEEEwavelet.pdf
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