THETAUSDT (Theta Token) is retracing within an ascending channel... I can make up a few scenarios from the looks of this chart.
We can see further retrace for THETAUSDT until it hits the lower end of the green channel (green arrows) just to bounce up and resume its uptrend.
If the channel is broken, we would see lower support levels tested (red arrow) before prices try again and resume the up move.
This is a quick analysis by request.
Thanks a lot for reading.
Namaste.
We can see further retrace for THETAUSDT until it hits the lower end of the green channel (green arrows) just to bounce up and resume its uptrend.
If the channel is broken, we would see lower support levels tested (red arrow) before prices try again and resume the up move.
This is a quick analysis by request.
Thanks a lot for reading.
Namaste.
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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.