We continue to look lower in THETA as a macro wave top was reached and we have entered a extended corrective period, as displayed on chart we can observe a complex corrective sequence to the downside which is yet to be completed with further downside to be expected towards strong support levels; where buyers are expected to step in. We have a valid wave count to suggest we are completing the larger Y wave which can take us towards key fib levels and support levels; with a 5-3-5 zig zag sub count to be expected in the Y wave. Key orderblock at $6.4-$6.7 provides a good shorting oppurtunity with a stop above targeting much lower prices; having dropped this key level adds to the bearish sentiment.
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