* Theta token in daily time frame forms a Descending triangle pattern, with the above trend-line working as the resistance for the price and it's major support near $3.500.
* Currently the price is in a tight consolidation between, a Horizontal line as a support near $5.500 and the above trend-line.
* If the price breaks the above trend line we can expect a bullish move till TP1 = $7.200, TP2 = $8.600
* And if it breaks the $5.500 level it will back to it's major support.
* Currently the price is in a tight consolidation between, a Horizontal line as a support near $5.500 and the above trend-line.
* If the price breaks the above trend line we can expect a bullish move till TP1 = $7.200, TP2 = $8.600
* And if it breaks the $5.500 level it will back to it's major support.
Trade closed: target reached
First target reachedNote
Heading towards second target.
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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.