THETA in the support zone
THETA right now in main support zone, near key support. It was here two times and always bounce from this price range. Second bounce lower then first. Also, THETA don't show higher high on autumn, showing weakness. So there is high possibility of triangle brake down to key support. But flat or bounce up is real scenario. Need to watch it right now. If you will see reversal patterns like Bullish Engulfing, then it's time for LONG position. If we check RSI, cumulative delta, and trends on different timeframes, SHORT will be our main scenario. But there is high chance that THETA already found bottom.
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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.