THETA Awaiting Take off
Updated
THETA/USDT PAIR
Higher Lows and Higher High with the print of a ATH
Currently trading within a symmetrical Triangle with Higher Lows and lower Highs since the ATH ..
Measured Move gives us a 28% move and if this breaks upwards we have confluence with the Fib Extension for a 1-1 at around $17
Either await a break of the Resistance with a candle close as confirmation for entry or buy around 12$ with a Sl below the last swing low $11.30 region .
I have marked on the chart the potential target for a downside move depending on the reaction at breakout/breakdown although I will be taking the long
Know where you are wrong and have a trading plan , always use a SL . Thanks and Like and follow for regular setups
Higher Lows and Higher High with the print of a ATH
Currently trading within a symmetrical Triangle with Higher Lows and lower Highs since the ATH ..
Measured Move gives us a 28% move and if this breaks upwards we have confluence with the Fib Extension for a 1-1 at around $17
Either await a break of the Resistance with a candle close as confirmation for entry or buy around 12$ with a Sl below the last swing low $11.30 region .
I have marked on the chart the potential target for a downside move depending on the reaction at breakout/breakdown although I will be taking the long
Know where you are wrong and have a trading plan , always use a SL . Thanks and Like and follow for regular setups
Note
We finally Break out to the upside currently at $15 with my 1-1 target at $17Trade closed: stop reached
Related publications
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.