Minimum 50% Profit. More with a trailing stop potentially
We have a classic wycoff distribution pattern here... The next phase is going to be an upthrust after distribution, and even if that fails, it'll typically reach the around the height of the buying climax, a full 50%+ profit from here. And if it doesn't fail, then it could take this coin into markup and onto new heights. So I would suggest a trailing stop; and ride this as high as it wants to go!
Also to note, the ParaEye indicator at the top has now reset from its toppy warning eye (crossover).
There is some slight divergence indicating a possible bottom on this bottom of the box ranging.
The only unknown here is when this coin is going to run. Could take several days/weeks. Theta mainnet launches in 70days (provided no more delays). So it should be before then!
Also to note, the ParaEye indicator at the top has now reset from its toppy warning eye (crossover).
There is some slight divergence indicating a possible bottom on this bottom of the box ranging.
The only unknown here is when this coin is going to run. Could take several days/weeks. Theta mainnet launches in 70days (provided no more delays). So it should be before then!
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.