Theta Bullish count (bullish price action ahead)
Extremely bullish Elliot wave count for Theta which shows promising price action ahead in the long term. We are currently completing a Macro wave 3 which is no where near completion in which we are in a 3rd wave of a 3rd wave which we can expect bullish price action for coming months.
Theta has been performing extremely well in previous weeks being one of the highest gainers in the last week in the top 100 market cap cryptocurrencies and may only get better; having an extremely clean and promising chart.
Once the upward sloping resistance line is broken we can expect some more aggressive moves to the upside; another promising sign was accumulation we had above previous ATH 0.59$ and we made a ceiling at 0.79$ which we have now broke through and confirmed as support which may lead to a big rise.
Another promising indicator is that the Weekly MACD has crossed bullish just recently which may mean a medium term trend is being established similar to what played out last time it crossed (rise from 0.07 to 0.57 cents {8x}).
Theta fundamentally has had some good developments with the main net 2.0 having been released this year.
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Theta has been performing extremely well in previous weeks being one of the highest gainers in the last week in the top 100 market cap cryptocurrencies and may only get better; having an extremely clean and promising chart.
Once the upward sloping resistance line is broken we can expect some more aggressive moves to the upside; another promising sign was accumulation we had above previous ATH 0.59$ and we made a ceiling at 0.79$ which we have now broke through and confirmed as support which may lead to a big rise.
Another promising indicator is that the Weekly MACD has crossed bullish just recently which may mean a medium term trend is being established similar to what played out last time it crossed (rise from 0.07 to 0.57 cents {8x}).
Theta fundamentally has had some good developments with the main net 2.0 having been released this year.
Please like and follow for more content!
Comment:
Bullish breakout of upper trend line, Theta is leading the market in performance being the biggest gainer in the last 24 hr and generally one of the best performers of recent weeks. Theta gained 12% today whilst the market was red and next best gainer was 0.31%. When the market returns green we can expect big moves from theta. We can expect higher prices; personally 3$ is my next target however taking profit along the way doesn't hurt. If not in yet retest of upper trend line may be a good entry.