THETA has seen some considerable gains recently, but there could be more. THETA is developing a large bullish flag, and a breakout of the descending wedge could signal more upside. Watch for a breakout approaching the end of the flag and ensure that it finds support around the $12.12-$12.66 levels. From there, we can expect a rise to $17.8 or even $22.4 depending if you go by the length of the flagpole or the height of the flag (:
This could be a huge buying opportunity alongside news of THETA's NFT marketplace dropping by 26 April, giving hints at a bullish rise.
This could be a huge buying opportunity alongside news of THETA's NFT marketplace dropping by 26 April, giving hints at a bullish rise.
Comment:
THETA has broken out on the upside of the descending wedge. Look for support on the $12.5 and $12.2 levels to enter the trade. If support holds, we can expect upside back up to $17.8 or even $22.