While nearly all ALT's have been massacred by the recent pullback, it is a regular Wednesday for THETA.
What does the Technical Analysis tells us?
- rebounded from 20D MA
- broken above a bull flag
(i.e. overall bullish trend)
What does macro analysis tells us?
- BTC has a chance to bleed even more
So it fully depends on how BTC moves, however, in being up double digits in a sea of red, it certainly draws attention.
In my opinion, it is a risky move, but I will be keeping an eye out for THETA for sure.
What does the Technical Analysis tells us?
- rebounded from 20D MA
- broken above a bull flag
(i.e. overall bullish trend)
What does macro analysis tells us?
- BTC has a chance to bleed even more
So it fully depends on how BTC moves, however, in being up double digits in a sea of red, it certainly draws attention.
In my opinion, it is a risky move, but I will be keeping an eye out for THETA for sure.
Note
Continued Consolidation above the parallel channel
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.