LIVE#THETA/USDT ( analysis)
Hello everyone,
Hope you are bored trading crypto just like me. Below are 4 charts ๐ for $THETA 2 weekly, 1 3D charts and my theta trade.
Looking at the 1st weekly chart ---- which shows only price action. We can see that #ThetaToken is sitting right above the resistance zone(marked with orange box), which is healthy for bullish move ahead. However, theta is facing strong rejection around 1.45 area. Which means once we pass above this level buyers will be more confident in buying and also we have to hold above the orange box. We have also broken the trending resistance few weeks ago.
Looking at 2nd weekly chart ๐, it show macd on weekly has just moved above the zero line in to the positive zone.
Looking at 3D chart ๐, which shows EMAs , ema's are showing strength, and as seen minor EMAs have crossed the major EMAs from bottom to upper side.
Looking at 3D chart ๐ , it shows that price is still managing to sit above 200EMA, after multiple rejections at 1.45 area.
It was a long consolidation or say accumulation below the area of orange box zone.
I have my entries around 1.28~ dollar price
So target ๐ฏ is around
1st ๐ฅ 1.80 dollars
2nd๐ฅ 2.60 dollars
for time being.
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Happy trading...
