Seems that some whales are accumulating this coin since December. I do believe that the price will retrace to the support zone, then, continue climbing.
Trade closed: target reached:
Theta price hit the pink box superficially and has thrown a beautiful 5th wave reaching the target aforementioned on the last comment.
Just half of the position that I would like to open for this trade was executed when the price touched the pink box, however, I manage to achieve a nice return from this trade, around 45%.
Just half of the position that I would like to open for this trade was executed when the price touched the pink box, however, I manage to achieve a nice return from this trade, around 45%.
Comment:
In my opinion, the price will retrace to the pink box, or even re-test the support zone to take a breath and then it will throw a possible wave 5 to the region of the 2.618 Fibonacci level.