Formation of pattern:
This time on short term 6 hour chart the Theta token is forming a pattern and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to pattern and its Fibonacci sequence should be:
Buy between: $0.2148 to $0.1440
Sell between: $0.2955 to $0.4559
The potential reversal zone area that is up to $0.1440 can be used as stop loss in case of complete candle stick opens and closes below this level.
Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 216% and as per above mentioned stop loss, the loss possibility is 33%
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.