$THETA is pumping. Sell at $20?
NOT FINANCIAL ADVICE.
In this study piece of
THETA's recent explosive price action, we see a very strong move to the upside after weeks of Price Action trading in a prolonged triangle of a Wave 4 pullback as shown below:
Here we see how the 0.618 resistance impacted price action as it traded in a channel below this fib level.
That is until it finally broke free of even the 0.886 ceiling, a fresh signal that we could be on Wave 5 underway with a target price of $18~$20.
With such explosive fervour, there's really no telling how much higherTHETA can go in this bull run!
In this study piece of
THETA's recent explosive price action, we see a very strong move to the upside after weeks of Price Action trading in a prolonged triangle of a Wave 4 pullback as shown below:Here we see how the 0.618 resistance impacted price action as it traded in a channel below this fib level.
That is until it finally broke free of even the 0.886 ceiling, a fresh signal that we could be on Wave 5 underway with a target price of $18~$20.
With such explosive fervour, there's really no telling how much higher
THETA can go in this bull run!
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.
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.