VRA - Breakout possible! Cup and Handle
VRA has shown strong buyer signals recently, and has formed a cup & handle pattern over last several months. It is right now, on the verge of breaking its previous All Time High. If it does this, the cup and handle pattern suggests that:
1) The deepest part of the cup, all the way up to the rim, is the measure for where the asset goes next, starting at the top of the rim. So I drew prices at the top of the rim, going up to the match of the depth of the cup.
This has a good chance of working out, as long as BTC doesn't tank or take off. That is getting harder to ask lately.
Trade - Watch for breakout upwards! This is the buy signal, some wait til candle close, depends how fast it is moving.
1) The deepest part of the cup, all the way up to the rim, is the measure for where the asset goes next, starting at the top of the rim. So I drew prices at the top of the rim, going up to the match of the depth of the cup.
This has a good chance of working out, as long as BTC doesn't tank or take off. That is getting harder to ask lately.
Trade - Watch for breakout upwards! This is the buy signal, some wait til candle close, depends how fast it is moving.
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