💡Don't miss the great buy opportunity in THETAUSD@Theta_NetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (3.221).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. THETAUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 3.575
TP2= @ 3.948
TP3= @ 4.352
TP4= @ 4.828
TP5= @ 5.257
SL= Break below S2
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Thetausdlong
Theta near it's resistance, what can we expect ?* Theta is in tight consolidation of Symmetrical triangle, where the above Descending trendline is working as resistance and the below ascending trendline working as support for the price.
* Currently theta is trading around it's resistance. We can expect a huge bull rally it is breaks the above trendline.
* The price may even drop till the below support and bounce back to break the resistance.