VRA/USDT: Triangle Pattern Hints at Two Possible Scenarios
💎 Attention Paradisers, Let's dive into VRA/USDT on the daily chart.We’re seeing a triangle pattern, Signalling 2 scenarios. Here's what to watch for:
💎 To confirm a bullish scenario, we're looking for a breakout above the triangle pattern. However, for stronger confirmation, keep an eye on a breakout above the resistance and LH (Lower High) level at 0.00488725. This breakout could lead to a bullish run targeting the next resistance zones at 0.00588356 and 0.00758609.
💎 Conversely, if the bears take control, we'll want to see a breakdown of the current demand area. Once broken, this demand area may turn into resistance. In that case, a bearish move could be expected, with potential targets at the next demand areas of 0.00378079, 0.00302307, 0.00254326, and 0.00219467.
💎 Stay vigilant and adapt your strategy accordingly based on these key levels, ParadiseSquad!
💎 To confirm a bullish scenario, we're looking for a breakout above the triangle pattern. However, for stronger confirmation, keep an eye on a breakout above the resistance and LH (Lower High) level at 0.00488725. This breakout could lead to a bullish run targeting the next resistance zones at 0.00588356 and 0.00758609.
💎 Conversely, if the bears take control, we'll want to see a breakdown of the current demand area. Once broken, this demand area may turn into resistance. In that case, a bearish move could be expected, with potential targets at the next demand areas of 0.00378079, 0.00302307, 0.00254326, and 0.00219467.
💎 Stay vigilant and adapt your strategy accordingly based on these key levels, ParadiseSquad!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.