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Crypto-Swing
May 2, 2021 5:32 AM

THETA - Squeeze of the MAs Long

Theta Token / TetherUSBinance

Description

Here we see the daily logarithmic chart showing price has become squeezed by the support of the rising 1D MA50 and the resistance of the declining 1D MA20. Meanwhile the LMACD has converged to zero and is looking to cross bullish.
Which way will it break? Is it toward infinity and beyond, or a steep and sharp final capitulation?

Either the bottom is in, or there is one final leg down. Tell me what you think.
Comments
Jute99
Hey, this is Koort from Patreon. IMO, this no man's land for THETA. It is a waiting game. I am in THETA for the long term. Holding the thought, “good fortune perches on apparent disaster.”
It's all good if you are a HODLr like I am.
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