Theta currency can grow well given the positive news and good things ahead. The price is currently moving in a long-term channel, which has almost decreased in price from the ceiling of the channel to the midline of its bullish channel.
If the significant support of the mid-channel $ 9 and 38% Fibonacci is maintained, it can be defined as the buyer's loss limit for the $ 22 and $ 26 targets up to the channel ceiling.
If the price breaks below the $ 9 floor, it could drop to at least $ 5.5 to $ 4.5, where it will hit its long-term channel again and could grow significantly. Buying in the $ 10 price range (as close as $ 10) can be good for the medium term.
Due to recent market fluctuations, be sure to maintain losses and capital management in all your transactions.
If the significant support of the mid-channel $ 9 and 38% Fibonacci is maintained, it can be defined as the buyer's loss limit for the $ 22 and $ 26 targets up to the channel ceiling.
If the price breaks below the $ 9 floor, it could drop to at least $ 5.5 to $ 4.5, where it will hit its long-term channel again and could grow significantly. Buying in the $ 10 price range (as close as $ 10) can be good for the medium term.
Due to recent market fluctuations, be sure to maintain losses and capital management in all your transactions.
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.
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.