As pointed out in this video publication; Theta US Dollar is likely to continue with downward pressure until the last week of May or first week of June before another bout of serious upward pressure takes us up higher. It's hard to say how high at this point. We may have a better idea of how high around the third week of June.
Theta / USD Short-term price analysis
Theta has a bullish short-term trading outlook, with the cryptocurrency advancing to a new monthly high.
The four-hour time frame shows that a bullish inverted head and shoulders pattern has now formed, with the THETA / USD pair trading close to the neckline of the bullish pattern.
Technical indicators on the four-hour time...
Haejin Lee used to use what he called the jaws of wealth. Seems to be applying to Theta at the moment with wave 5 finishing at 29 cents and completing a 10 month cup and handle, correcting and continuing higher.
Haejin Lee used to use what he called the jaws of wealth. Seems to be applying to Theta at the moment with wave 5 finishing at 29 cents and completing a 10 month cup and handle, correcting and continuing higher.
A cup and handle is being formed and the handle could possibly be complete by March 7. This means that another push to the upside re-testing and possibly breaking through the 0.15 cent resistance en route to the next level.
In this chart you can see the potential price targets we can expect from THETA.
The Green Rectangles show areas that price action can take place with limited resistance, meanwhile the arrows indicate points of heavy resistance that will require substantial effort to break through.
If in every resistance stage a double top is created, means that it doesn't have the...
Theta is near the end of its extraordinary bullish run and the massive +290% gains. The 1W Resistance is calling for a sell at or just above it. I am looking at a 30% - 40% downside from there.
Targets: 0.12300, 0.10500.
Price broke resistance at 0.91 and seems to be strong enough tobreak through the resistance zone. Nice directional indicator setup. 1st target is 0.99 then i'll review for direction.
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