VARAUSD - Bullish Trend - WeeklyAs you can clearly see the B Bands have tightened. Price action has already hit the upper band resistance as it is supposed to and support of the center band was previously confirmed. Price action is headed toward the center B Bands where it will likely confirm support again and break out. This sums up the accumulation phase on the weekly chart. Sorry to those of you who are staring at the 4 hour, that cannot be done on assets like this. We are only concerned with the big picture which is that this Asset pumped all the way up to the top of the B Bands and retreated. This is unavoidable even for Bitcoin. Understandably VARA is going to pull back more and more often, this is why swing trading the asset is such a joy. All I can tell you is small moves on the lower time frames are technical pointers but are in no way the direction of this coin. I mentioned previously that this weeks candle would likely be red and when I said that it did not mean the price is going up, it means exactly what it says, a downward move.
