Theta , possible patterns
Theta went down today due to BTC's recent dip in the market. The new low seems to align in the trend ling to form a symmetrical triangle (purple) . We should expect a breakout on either sides towards the 17th of Mai with a possible 4 $ move (yellow lines) with a possible ultimate target at about 20$ if Long.
The red resistance lines could provide later support once we break them.
For band traders , the green lines seem to suggest that there is a possible short term profit opportunity if you buy and sell/short between the provided channel.
If There is no change and we reach the Apex of the Purple triangle , this chart would be voided.
Events are coming up in June (Coinmarketcal.com) which would make me believe that theta will start rising and the 20$ objective is well in sight with a little patience.
The red resistance lines could provide later support once we break them.
For band traders , the green lines seem to suggest that there is a possible short term profit opportunity if you buy and sell/short between the provided channel.
If There is no change and we reach the Apex of the Purple triangle , this chart would be voided.
Events are coming up in June (Coinmarketcal.com) which would make me believe that theta will start rising and the 20$ objective is well in sight with a little patience.
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