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THETABTC

THETA forming an ascending triangle pattern, could move higher.THETA/BTC is currently forming an ascending triangle on the 4-hour. Following THETA's big move up on July 16th, it has now entered a bullish ascending triangle continuation pattern. THETA could have another 10-15% jump up based on the measured move of the ascending triangle. We also have a golden cross on the 4-hour MA's (50 MA crossing the 200 MA.) Price is currently retesting the flat line of resistance between 1190-1200, hence the more spread out entry. If price gets rejected here, we could see a pull-back to retest that rising support TL again. If one would rather wait for a break-out/retest of 1190-1200 as new support before entering in (to give a better indication that this wants to rally higher) that makes sense as well. Higher risk given the current market environment. MA Guide (All 4-hour for this post.) 50 MA in Green. 200 MA in Red. Entry: 1145-1190. Target 1: 1250. Target 2: 1320. Target 3: 1350. SL (Tight): 1125-1130 SL (Loose): below the 50/200 4-hour MA's. -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress. -As a side note, if you would like to support a college kid and the TA I do, I accept BTC/ETH/LTC/USDC donations. Any and all donations are greatly appreciated and really do help me out! Thank you to all you who donate. :) BTC: 3F13946JWfNskLDu2oi3FTRV65FV9yK7U8 ETH: 0xe032430f158966F4118af917b5F1e024949697bB LTC: MVDbAhm2yoyCzeRnayMN61oZp75MZ5SZVj USDC: 0x1F6d47a9330897d6043886d64738A2E255dd0b92
by Deftsuo
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