Since I first drew the triangle in early October of 2021, my email box has been deadened with fan mail. Legions around the globe have deemed this triangle to be the "best triangle in the world". I am not sure about that! But it sure is interesting. Here is an update with current price action. Notice how THETA constantly respects this triangle that it has now broken from.
The triangle begins at the top wick of the April pump, and continues to extend a near perfect right triangle all through 2021, catalyzing in a fake break out > retest > pump > failed retest that resulted in a hard wick down to bottom support, setting up for the momentum to overtake the MA, causing THETA to break up and out of the perfect triangle. It may or may not retest the triangle on more time.
So..where do we go from here? Time will tell... But we are now out of the triangle.
OP: The triangle begins at the top wick of the April pump, and continues to extend a near perfect right triangle all through 2021, catalyzing in a fake break out > retest > pump > failed retest that resulted in a hard wick down to bottom support, setting up for the momentum to overtake the MA, causing THETA to break up and out of the perfect triangle. It may or may not retest the triangle on more time.
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