$THETA

Hello, this analysis is semi-advanced and requires attention.

In this publication, there are three screenshots of the price action of theta; one image is daily timeframe, the second is monthly.

IMPORTANT ASPECTS:

1) In the daily timeframe, we can observe the breakout of a weekly resistance which managed to hold the price for more than 6 consecutive days, keeping the theta price below $1.85.

Once the breakout is confirmed, it will be a strong support and at the same time protection for all purchases made and positions taken below the support of 1.70-1.80.

Another important point is that in the daily timeframe we are already above the 200 moving average, which indicates bullish continuity.

2) In the images of the monthly timeframe, there is something more interesting and I share it with you below:

It is understood that in a trend, the volume accompanies in a growing manner, meaning that as it develops, the impulses are accompanied by increasingly higher volume bars in a growing manner, and the magnitude of the bars generally corresponds to the percentage growth of the price; that is, if in November, for example, there was a volume bar of 200M, it could be accompanied by a 10% or 12% appreciation of the asset, but the volume bar of December, if the volume supports the trend, could be 250M and the price could grow by 16%. Let me explain. In that order of ideas, we can see that in this current monthly bar of theta, the price has grown by 86%, but it should be noted that this is the first green or buying bar after several months of selling, therefore, the bar of December could be greater than that of November and lead the price to a probable valuation of more than 100% of the current price. To have a little perspective on the magnitude of the purchases at this beginning of the bull run, compare the volume bar with the volume bars of the brief bullish impulse we had last year, and you can see that the volume bar is similar to the bar of November of last year.