Price prediction idea for THETAUSD.
After failing a bounce on the 30 days support line, Theta has broken to the downside.
I expect it to test the 0.786 and drop to the A point lvl around $10.3
Eventually it will trace all the way down to the 1.618 lvl before making another move for ATH.
After failing a bounce on the 30 days support line, Theta has broken to the downside.
I expect it to test the 0.786 and drop to the A point lvl around $10.3
Eventually it will trace all the way down to the 1.618 lvl before making another move for ATH.
Note
THETAUSDT is finding strong support at the .786 lvl and is trading inside a descending triangle. If Theta continues its trend and break out the triangle to the upside it will see $14 and eventually test ATH at $15. If support at .786 fails we should see a drop down to test the 100% retracement lvl of the pattern. A 161% drop is still possible then.
(Updated Chart in the comments)
Note
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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.