BREAKOUT WAIITTTTHi Folks,
Time to take a close look on Theta fuel/ USDT.
We have a possible breakout occurring. We have almost reached the APEX of a ascending triangle on the 4 hour chart.
There is the Golden Cross on the Ma's.. that's nice and positive.
The RSI is at 55 so we have lots of space to make some gains closing 70/80 on the RSI.
Momentum has reached it's point above equilibrium.
The daily chart tells us that prices ranging above the 200 day MA.. that's bullish.
RSI at 50 and momentum close to equilibrium.
One note on the candlesticks at the daily bar chart.. these are small bodied candles with not much volume behind it.
This seeks to the price is looking it's way and tells us there is some indecision lately.
Let's fasten your seatbelts and be ready for a nice ride.. I hope!
Just have your stop loss fixed and don't risk more than 0.5/1% of your account per trade!