Hello traders and investors!! So great to be here today, let's take a little journey and examine THETA๐๐๐
Price touched rims of wedge 4 times, and on the 5th bounce we broke the pattern and exited the wedge.๐
Now I see it possible that we can go to our targets.
QUICK REMINDER ๐๐คจ๐ Make sure to always use a stop loss ๐ค๐๐ฒ when making trades.๐๐๐
Consider we may get rejected here, rooting for the bulls.. here is why โฌโฌโฌโฌโฌโฌ :
Call me crazy, but I have seen Theta pump when BTC is bearish๐ป๐, im not missing out on this possibility.
(This chart is different than THETA USDT or USD, we are seeing bullish candles because this chart depicts THETA in relation to BTC price.. BTC dropping, THETA is stronger than the correlational effect that BTC has on it's price.)
This analysis is technical approach. I always recommend considering multiple factors when making any trade!
THETA mainnet launch was recently pushed to JUNE 30th (this month.) This is huge news for THETA and T-fuel.
Let's see and always remember โฌโฌ๐๐This is not financial advice๐ Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss โ๐๐ฒ set
Any thoughts ๐ญ๐ก, questions ๐โโ๏ธ๐โโ๏ธโ, good ๐, bad๐, happy ๐ or sad ๐ฅ, in the comments always welcome.
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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.