#THETA

I see a high probability that in the next few hours there will be a breakout of the resistance at 1.65, in such a scenario theta would have a clear path towards the zone of 1.90

important aspects:

1) we all know that the RSI is the indicator that tells us when an asset is oversold (levels around 40-20), or overbought (zone of 70-80), the point is that when an asset is in levels above 70 there are generally corrections and the asset goes from the overbought zone down to the range of 50-60 to start a new buying climb.

This is why we see that after an RSI over 75 there is a correction and once the indicator returns to the average zone of 50-60 a new buying impulse begins.

Interestingly, this phenomenon occurs in order in the fractality from the longest timeframes to the shortest, and until the complete cycle is fulfilled we will not see a fairly large percentage continuity, of course, all this always in a bullish market context.

Theta, after a percentage rise that took the asset from approximately 1.18 to the zone of 1.65, is briefly clearing overbought areas in fractality in its relative strength INDEX. Subsequently, in the next few hours, we will very likely see a significant impulse that could lead the price even possibly to 2 dollars at once or remain in the zone of 1.90 and beyond.

Let’s see how the price action develops.

WE WILL KEEP INFORMING