THETAUSDT UPDATE
THETAUSDT since breaking below daily support marked found new support and formed a nice double bottom which was followed by a strong impulse to the upside breaking back above daily resistance and forming this big inverted head and shoulders, on the 4hr timeframe on the right shoulder we can see market is consolidating in the form of this bullish flag. I am expecting a break above this range soon and the continuation to follow, we will only enter the position if our entry rules are satisfied.
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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.