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WorthTheRisk
May 31, 2018 3:27 PM

THETA.. The new kid on the Binance block!  Long

Theta Token / BitcoinBinance

Description

After completing its elliot correction wave sequence THETA BTC has broken its descending triangle and had a golden crossover on the MACD, still room to grow on the RSI also.

Theta is brand new on Binance hence the 30 min chart. Its a solid project and i think it has much more room to grow.

My targets at the moment:
1. ATH of 4000
2. 1.618 fib 5000
3. Open target, solid project... HODL.

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We had a solid increase to 3700, I think it will come back to test support again since the Stoch RSI is quite high then retest 3700 at the 0.786 fib line.

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Looking at the 30 min chart

Went up to around 3650 then dropped to support around 3400 as predicted.

Selling pressure slowing down on the MACD osculator. RSI oversold.
Comments
disrupt
nice chart great call. if been in and out five times. you would think it makes another run at 4000 in the next day.
WorthTheRisk
@disrupt, Thanks, yeah I think we will break 4000 easily soon enough and stay well above that level..
(counting BTC behaves)
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