THETA is looking ready to re-test the previous highs and make another leg up
-The price has been forming a pennant over the past ~23 days and the range has been compressing
-The 100 EMA has been acting as support
-Price is currently retesting the bottom of the pennant and the 100 EMA. The confluence with these two levels of support suggest the price will bounce...
Hi All,
Continuing off from the previous post, we can see the larger structure now and a bullish development of late.
if this can break a few key levels, its off.
Its only a matter of time.
PREVIOUS POST.
Regards,
S.SAri
Hi All,
Structure looks like a widening fan and has completed in my books the ABCDE impulses to only waiting on breaking this level.
Fortunately I'm already in the trade just looking to add another.
My thoughts is to enter the trade after it breaks this volume profile resistance level.
Aligns with a breakout setup.
All the best,
S.SAri
Using the Daily...
Based on PA, a bearish trend should be underway, adding confluence is a weakness of BTC
Expecting price to hit TP outlined below, should the trend continue i expect other TP lines
to be hit as well. Let's see
FTX:THETAPERP ha rotado todos las resistencias hasta el momento y ha formado un fondo redondo, lo que nos indica que esta en camino a las viejas resistencias alrededor de ~0.4, incluyendo que el par contra el BTC tambien se ve muy alcista, abriendo sobre el MA50 a 12h y casi en la nube diaria en la gráfica diaria.
Entrada: 0.28610
Objetivo 1: 0.3558
Objetivo 2:...
