THETA is currently in a consolidation phase and trading within a range. The major support zone is between $1.140 - $1.15, and the significant resistance is $1.300 - $1.310. One can use range trading with proper stop-loss until there is no aggressive move from Bitcoin. Additionally, a triangle pattern formation could lead to a setup, so keeping an eye on a breakout is advisable.
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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.