Descending triangle:
On a long-term weekly time frame, Theta coin has broken down the support of a descending triangle and als broke down the weekly 100 SMA support. Now it has found a strong price support at $2.25.
Down channel:
Recently Theta has formed a down channel on a daily time frame and getting bounced form the support of this channel. Now if it breaks out the resistance of this channel then it can re-enter the big triangle back.
On a long-term weekly time frame, Theta coin has broken down the support of a descending triangle and als broke down the weekly 100 SMA support. Now it has found a strong price support at $2.25.
Down channel:
Recently Theta has formed a down channel on a daily time frame and getting bounced form the support of this channel. Now if it breaks out the resistance of this channel then it can re-enter the big triangle back.
Atif Akbar
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.
Atif Akbar
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.