Is THETA about to leave its months-long accumulation ?

Yello Paradisers! THETA is showing a textbook Wyckoff accumulation structure on the daily timeframe, and the latest breakout is beginning to confirm that buyers are taking control.

💎After the initial Selling Climax around $0.134, THETA established its Automatic Rally before entering a prolonged accumulation range. The market later swept below support toward $0.121, forming the Spring and successfully reclaiming the range. This was an important sign that the breakdown lacked acceptance and selling pressure was being absorbed.

💎What followed strengthened the bullish structure considerably. THETA broke its descending resistance, established a Last Point of Support around $0.130–$0.134, and then produced a clear Sign of Strength above the $0.140 region.

💎Price is now testing the $0.170–$0.175 resistance area. Holding above the previous breakout structure would keep the Wyckoff accumulation scenario intact and increase the probability of expansion toward the $0.205 minor resistance.

💎The most important area on any retracement is approximately $0.149–$0.161. This former resistance and demand region could provide the bullish retest needed before another expansion. As long as buyers defend this zone, the structure continues to favor accumulation transitioning into markup.

💎If momentum develops as expected, $0.205 is the first major upside obstacle. A decisive breakout and acceptance above it could expose the larger $0.260 resistance area.

💎However, the bullish scenario still requires disciplined risk management. A deeper loss of the $0.121–$0.124 support structure would materially weaken the Wyckoff setup, while a breakdown below approximately $0.110 would invalidate the broader bullish structure shown on the chart.

Stay patient and disciplined, Paradisers. Strive for consistency, not quick profits.

MyCryptoParadise
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