VRDA
AccumulationIllustrative example. The token VRDA and all numbers are fictional.
Confidence 74- Entry zone
- 0.82–0.86 USD
- Target 1
- 0.94 USDthe upper edge of the previous range
- Target 2
- 1.03 USDthe level where the last strong selling started
- Invalidation
- a daily close below 0.77 USD
- Expiry
- 14 days
Trigger
Over the past nine days, the twenty largest non-exchange wallets increased their VRDA holdings by 6.2%, while the price stayed between 0.81 and 0.86 USD.
Why it matters
During the same period the balance of VRDA on exchanges fell by 11%. Quiet buying in a flat range, combined with coins leaving exchanges, has often come before an upward move. ETH is gaining against BTC this week, which supports the setup.
What could go wrong
A token unlock of 3% of the supply is scheduled for day 12. If the unlocked coins move to exchanges, the signal will be updated.