In this chart you can see the potential price targets we can expect from THETA.
The Green Rectangles show areas that price action can take place with limited resistance, meanwhile the arrows indicate points of heavy resistance that will require substantial effort to break through.
If in every resistance stage a double top is created, means that it doesn't have the required momentum to move forward. Which will lead to correction and a period of consolidation until it attempts to break free for the 3rd time or possibly 4th attempt (Time will tell).
The Green Rectangles show areas that price action can take place with limited resistance, meanwhile the arrows indicate points of heavy resistance that will require substantial effort to break through.
If in every resistance stage a double top is created, means that it doesn't have the required momentum to move forward. Which will lead to correction and a period of consolidation until it attempts to break free for the 3rd time or possibly 4th attempt (Time will tell).
Trade active:
A cup and handle is being formed and the handle could possibly be complete by March 7. This means that another push to the upside re-testing and possibly breaking through the 0.15 cent resistance en route to the next level.
