THETA - Correction Before Major Upgrade
Updated
Analysis:
- Fibonacci Retracement
- Support & Resistance
- Order Block Flow Analysis
- Market Structure
Target: $2.01
Opinion:
If you go to Theta's website they have a timer counting down to their Mainnet 3.0 Launch in 20 Days!
I believe they will make another drop before this news is announced to wash out the paper hands
Once they are done correcting I will be looking for buys and I will do a follow up bullish markup
If you haven't done your research on this coin, I highly recommend you do :)
This is top 3 on my list for sure and I am so glad I am able to buy at discounted prices
Accumulate Accumulate Accumulate
- Fibonacci Retracement
- Support & Resistance
- Order Block Flow Analysis
- Market Structure
Target: $2.01
Opinion:
If you go to Theta's website they have a timer counting down to their Mainnet 3.0 Launch in 20 Days!
I believe they will make another drop before this news is announced to wash out the paper hands
Once they are done correcting I will be looking for buys and I will do a follow up bullish markup
If you haven't done your research on this coin, I highly recommend you do :)
This is top 3 on my list for sure and I am so glad I am able to buy at discounted prices
Accumulate Accumulate Accumulate
Note
Looking good so farWe have about 8 days until their big news announcement
Note
Respect those lines Theta! :)Note
News Announcement incoming this week be prepared for some serious price actionNote
Decision TimeHow will Theta react when its news comes out?
As always patience
If my target is hit then wonderful but if not I have no problem purchasing at higher prices
Theta is a long term play for me and I plan on holding these coins for years :)
Note
Well I was expecting more of a reaction when news came out but lets see how this playsBTC influences the alts so if BTC retest its low that might drag Theta down
I am confident my target will hit with these last few days of price action but again in due time I will know more
Note
Down we goooooWill my target be reached?
Lets wait and see :)
Note
We might NOT hit my target BUT I am going to BUY anyways because they are following my strategy The target was based off a fib projection
Lower is always better like i previously mentioned but what i care more about is direction and following my strategy
Once we break this current line I will be looking for BUYS
Accumulate Accumulate Accumulate
Note
I am going to start accumulating the next few days...Theta is going to have a RUN and I will follow up with another chart soon
I called the TOP of THETA few months back and now I am calling the bottom :)
you can in fact catch tops and bottoms consistently despite what they tell you
Its how I make my living ;)
Note
I will be looking for buying opportunities over the next few daysBTC has started a bull run so theta will rise without a doubt
I will do a new markup and link it to this one
THETA when moon?
Note
Love when price respects my linesTheyre almost like magnets :)
Note
Uh oh will my target still hit?!?!?Sometimes I do move on a little too fast from my markups
I will be honest I wasn't sure if they would turn it back around so lets see
Either way I know the overall market is bullish and on a bull run so once I have more clarity I will do a follow up markup
In the meantime IF my target is hit wonderful
IF not then thats okay as well
So far I cant complain as Theta has respected my maze :)
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.