THETA ~ 1D
#THETA Make a purchase after successfully breaking through the resistance line of this pattern, with a minimum target of 15%+. Watch and wait for this pattern to be successfully broken.
Theta Token is trading within a Channel Down and has just recently broken above its 1D MA50 (blue trend-line again). Even though the price remains just inside the Channel Down, that break-out on the previous similar Channel Down of April- July 2021 was a buy signal towards the 0.618 Fibonacci retracement level. That is currently at 5.2250. Notice how we are at the...
THETA has been trading within a Channel Up on the 1D time-frame (logarithimic scale) since the COVID bottom, with distinct Higher Highs and Higher Lows. At the moment it is trading almost on the Higher Lows trend-line and is on critical crossroads as the 1D MA50 (blue trend-line) is about to cross below the 1D MA200 (orange trend-line) and form the technically...
Pattern: Channel Up on 1D.
Signal: Buy as the price rebounded within the 1D MA50 (blue trend-line) MA100 (green trend-line) zone, which has been the strongest buy signal since June 2020. Confirmation when the LMACD forms a Bullish Cross.
Target: 115.000 (just below the 3.5 Fib extension and the 1.5 Fib level of the Channel).
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