$Theta has been gearing up for a strong reversal ever since the July bottom. Price has faded since then, as strength has picked up ever so slightly. We were stronger at $1.026 in May than we were at the July 21 bottom of $3.53. We are due for a massive reversal, and $1.026 appears to have been the macro low.
After a months long descending triangle, THETA Network seems to be breaking away from BTC. This token has been like an annoying little brother to BTC since May. Is the token finally growing up? Possible retest, but break-up seems imminent.
Cup and Handle forms on the on HTF. Fibs speak for themselves as to where it will force price too. Much more reasonable prediction than Moonboys would like, but still very good for token hodlers and traders alike. We have broken out of my triangle, and are now breaking up somewhat. THETA has been consolidating for almost a year. The general wisdom is, the longer...
Because of all the insane price predictions coming from $THETA twitter moonboy champions, we have been programmed to be overly hopeful in the near term, as far as price action is concerned. Unfortunately, we will only be 5.5x current price by middle of May, before correcting once again. This is my prediction. TP at $28, just a thought, not financial advices.
Since I first drew the triangle in early October of 2021, my email box has been deadened with fan mail. Legions around the globe have deemed this triangle to be the "best triangle in the world". I am not sure about that! But it sure is interesting. Here is an update with current price action. Notice how $THETA constantly respects this triangle that it has now...
The triangle begins at the top wick of the April pump, and continues to extend a near perfect right triangle all through 2021, catalyzing in a fake break out > retest > pump > failed retest that resulted in a hard wick down to bottom support, setting up for the momentum to overtake the MA, causing $THETA to break up and out of the perfect triangle. It may or may...
$THETA could be forming a cup and handle forming over the entire year. We are close to jumping out of triangulation, which will a historical beginning to the $THETA bullrun of fall 2021.
$THETA could be forming a cup and handle forming over the entire year. We are close to jumping out of triangulation, which will a historical beginning to the $THETA bullrun of fall 2021.
The line measures the downtrend from the May peak. We are now approaching our time in the crypto bullrun. BTC will become volatile, and then go parabolic. We will be quickly behind it. Pump goes BTC > mid tier alts > shitcoins. When we close 1D above the blue line, it's on.
