In my other post about THETA I was looking at the grand overview of things. This idea is more of a short term trade.
I've spotted a beautiful bearish triangle which has been forming since the start of 2021. In my opinion THETA needs to cool down a little after the crazy run up it had at the end of 2020.
I've marked a support line on the chart where I expect the price to either consolidate or reverse. I'd place my target around that area. Happy trading!
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.