Theta = Purely speculative next crazy target
If you look at the pump to .58 cents, price hit the 4.236 Fib extension level almost to the cent. Extrapolating based on movement in the current price channel we're in, relative angle of ascent and using the Fib extensions again (assuming the low is now in from the peak of the last pump. It's completely possible we have a wick down to .18 cents on the bottom of the channel before taking off), it lines up pretty nicely with 2.52 (4.236 Fib extension and the top of the channel). Seems insane but hell, this is crypto and Theta is a maniac.
Also check out the RSI on the daily. It's currently in a channel and nearish the bottom...plus it just broke out of a downtrend and is retesting as support. Lots of upside.
The Volume Flow also shows tons of upside moving in a broadening ascending wedge.
Finally, the Volume is looking good.
I would be surprised if this plays out but it's fun to try to solve these TA puzzles.
Also check out the RSI on the daily. It's currently in a channel and nearish the bottom...plus it just broke out of a downtrend and is retesting as support. Lots of upside.
The Volume Flow also shows tons of upside moving in a broadening ascending wedge.
Finally, the Volume is looking good.
I would be surprised if this plays out but it's fun to try to solve these TA puzzles.
Comment:
This is looking great so far. Expecting a retrace to .46 cents or so and then break of ATH and takeoff.