THETA Awaiting Take off
THETA/USDT PAIR
Higher Lows and Higher High with the print of a ATH
Currently trading within a symmetrical Triangle with Higher Lows and lower Highs since the ATH ..
Measured Move gives us a 28% move and if this breaks upwards we have confluence with the Fib Extension for a 1-1 at around $17
Either await a break of the Resistance with a candle close as confirmation for entry or buy around 12$ with a Sl below the last swing low $11.30 region .
I have marked on the chart the potential target for a downside move depending on the reaction at breakout/breakdown although I will be taking the long
Know where you are wrong and have a trading plan , always use a SL . Thanks and Like and follow for regular setups
Higher Lows and Higher High with the print of a ATH
Currently trading within a symmetrical Triangle with Higher Lows and lower Highs since the ATH ..
Measured Move gives us a 28% move and if this breaks upwards we have confluence with the Fib Extension for a 1-1 at around $17
Either await a break of the Resistance with a candle close as confirmation for entry or buy around 12$ with a Sl below the last swing low $11.30 region .
I have marked on the chart the potential target for a downside move depending on the reaction at breakout/breakdown although I will be taking the long
Know where you are wrong and have a trading plan , always use a SL . Thanks and Like and follow for regular setups
Comment:
We finally Break out to the upside currently at $15 with my 1-1 target at $17
Trade closed: stop reached
