We might be very close to Theta's final capitulation after more than a year in a descending triangle that became a falling wedge after December 2021. This projection hopefully comes with volume, which has been extremely low since a while
Theta was in a descending triangle until Jan 22 when it broke to the downside to start forming a falling wedge. We're close to the end of the wedge with a very likely breakout to the upside but we may need some weeks more to get there...
Just traced a fibo retracement since its top in the last bull market to its low in the last bear market. I'm getting that, potentially, $2 is the temporary top for Enjin but conscious that we're in a bull market. I'd only expect a retracement to the 2.168 level (around $1.27). Thoughts?
