Theta Coin Short Term Forecast
Updated
Hi Everyone,
Just to share a short-term forecast for Theta Coin.
My expectation is for it to test the 38% Fibonacci Support at around 9.5USD, before rising back above 12USD (50% retracement of Wave A).
This projections excludes any significant changes to Bitcoin, which most alt-coins are heavily correlated to.
Good luck!
Just to share a short-term forecast for Theta Coin.
My expectation is for it to test the 38% Fibonacci Support at around 9.5USD, before rising back above 12USD (50% retracement of Wave A).
This projections excludes any significant changes to Bitcoin, which most alt-coins are heavily correlated to.
Good luck!
Note
A surprise yesterday that a wave 5 didn't appear to form, even when Bitcoin fell lower during the day. However, it is possible that we saw a Wave A complete in 3 sub-waves from 14.8-10.4, and Wave B from 10.4-13.6.
If Wave C forms a 100% extension of Wave A in a zig-zag pattern, this would lead to a price target of around 9.3. Alternatively a lower probability 62% extension would lead to a price target of around 10.8.
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