$THETA

The rise of theta has been slow as the entire zone of 1.60-1.90 was a strong support that in turn is offering significant resistance.

But once surpassed, we face one of the last resistance blocks at 2.05, but I share with you that the accumulation of buying pressure is surpassing long-term demand in the medium term. Here I share the depth of the order book of theta where the considerable buying pressure can be appreciated in daily fractality, which surpasses the possible resistance along the trajectory towards 3 dollars.

Another interesting aspect is found in the weekly chart where we can measure and appreciate an appreciation of 40% per candle in the last 3 weeks. In that order of idea, if this week we surpass the resistance block of 2.05, we could see theta appreciating by 30-40% in the coming days. I also anticipate that the 200-period moving average is at 2.78; if we break this zone, the Christmas rally will be quite attractive.

It should also be noted that BTC has corrected almost 9%, and theta has changed the falling dynamics every time BTC fell, which indicates a strong buying support that only waits for the correction of BTC to end in order to shoot off like a rocket to new horizons.

Reflection: Being a trader implies analysis and not emotions, decisions and not FOMO, methodology and not improvisation. In short, being a trader is being able to look objectively, invest based on fundamentals, and take benefits in chaotic scenarios and noise due to euphoria. This indicates that when everyone is euphoric, we will be out with cash in our spot, 100% calm and with emotions below 0 degrees.

Blessings!