THETAUSDT
1H trend chart
-
THETA just broke out and retested the short-term downtrend line(orange line)
Also broke out the long-term downtrend line.
Now, a triangle is forming from the blue horizontal ray and uptrend line.
If price can stand firm at 6.434(blue ray) or 6.147(Fib_0.618), trading strategy as below.
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Profit Targets:
a) 7.068----Fib(1)
b) 7.724~7.798---Fib(1.272~1.382)
c)9.479-----Fib(2)
Stop losses:
a) will provide it later
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading
1H trend chart
-
THETA just broke out and retested the short-term downtrend line(orange line)
Also broke out the long-term downtrend line.
Now, a triangle is forming from the blue horizontal ray and uptrend line.
If price can stand firm at 6.434(blue ray) or 6.147(Fib_0.618), trading strategy as below.
-
Profit Targets:
a) 7.068----Fib(1)
b) 7.724~7.798---Fib(1.272~1.382)
c)9.479-----Fib(2)
Stop losses:
a) will provide it later
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading
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✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)