Is THETA Gearing Up for a Major Breakout or Further Downfall?
Yello, Paradisers! Have you been keeping an eye on #THETA? The asset is reaching toward a crucial moment and can be a golden opportunity:
💎#ThetaNetwork has been trading within a descending channel on a daily timeframe, consistently respecting the trendlines. We anticipate a significant breakout due to the recent push #THETA received from a successful retest of the channel's lower support.
💎A potential retest of the Bullish Order Block (OB) at $1.34 could be pivotal if the price is rejected by the upper trendline of the channel. This area is packed with liquidity and could propel
THETA towards a breakout.
💎If #THETA can break above the descending resistance, supported by the liquidity at $1.34, we could witness a strong bullish move. This breakout would signal a potential trend reversal and align with our bullish outlook.
💎Should the current resistance hold, we might see a retest of the support level at $1.14. This could provide the necessary rally for a breakout. Watch for signs of strong buying interest at this level as an indicator of a potential upward move.
💎If both support levels fail, #ThetaNetwork could face increased bearish pressure, leading to further declines. In this scenario, monitoring lower support zones becomes crucial to gauge the extent of the downward move.
Stay disciplined, Paradisers, and watch these key levels for a profitable trading journey.
MyCryptoParadise
iFeel the success🌴
💎#ThetaNetwork has been trading within a descending channel on a daily timeframe, consistently respecting the trendlines. We anticipate a significant breakout due to the recent push #THETA received from a successful retest of the channel's lower support.
💎A potential retest of the Bullish Order Block (OB) at $1.34 could be pivotal if the price is rejected by the upper trendline of the channel. This area is packed with liquidity and could propel
THETA towards a breakout.💎If #THETA can break above the descending resistance, supported by the liquidity at $1.34, we could witness a strong bullish move. This breakout would signal a potential trend reversal and align with our bullish outlook.
💎Should the current resistance hold, we might see a retest of the support level at $1.14. This could provide the necessary rally for a breakout. Watch for signs of strong buying interest at this level as an indicator of a potential upward move.
💎If both support levels fail, #ThetaNetwork could face increased bearish pressure, leading to further declines. In this scenario, monitoring lower support zones becomes crucial to gauge the extent of the downward move.
Stay disciplined, Paradisers, and watch these key levels for a profitable trading journey.
MyCryptoParadise
iFeel the success🌴
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
GO FREE👉 t.me/+BPd2gjl6OHZjYmQ0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
GO FREE👉 t.me/+BPd2gjl6OHZjYmQ0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.