THETA/USDT - Ranging in a massive channel
THETA is in a massive 30% channel that seems to have held the price between its levels for some time now. Breaking out of this range will indicate where we are headed next.
On the larger timeframe, THETA is in a massive ascending channel that still has one more leg up in my opinion, but before that we need to correct or cooldown a bit more after this last parabolic rise.
Indicators are curving down slightly, so probably we have to revising support levels, unless we break up of this range.
As long as we stay in this channel, playing the top/bottom levels seems like a great trading opportunity.
Like and follow if you liked this idea!
On the larger timeframe, THETA is in a massive ascending channel that still has one more leg up in my opinion, but before that we need to correct or cooldown a bit more after this last parabolic rise.
Indicators are curving down slightly, so probably we have to revising support levels, unless we break up of this range.
As long as we stay in this channel, playing the top/bottom levels seems like a great trading opportunity.
Like and follow if you liked this idea!
📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
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.