One for the watch list.

I have not enterted a trade with Theta Token, however i am liking the respect price has been giving to my trendlines with multiple touches and pullbacks.

Price has finally broken the upper channel from January 3rd however bearish divergence on the squeeze indicator along with the 121.2% fibb extension from the latest A-B-C move may indicate a retracement back to the $3.10-$3.20USDT zone.

Waiting for a break and close of $3.50USDT before looking to enter a trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.