THETAUSDT has a somewhat similar configuration to the 
LPTUSDT we talked about in previous weeks. It is showing a very strong retracement, allowing it to come back to the upper region of a huge accumulation range.This type of movement is often a real opportunity for late buyers! Especially as this zone on the Theta Network is completed by the two biggest Vegas (Daily and Weekly) of the Trend Identifier (BTI), which overlap entirely, providing very solid support.
A move back towards $1.75 therefore looks like a great buying opportunity, especially if we get a complementary signal from the Reversal Identifier (BRI).
Otherwise, THETA could lateralize on its current level just to recover from its recent heavy fall, before resuming its uptrend.
Blockunity
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Blockunity
app.blockunity.io/
unyx-data.com/
contact@blockunity.io
app.blockunity.io/
unyx-data.com/
contact@blockunity.io
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.