$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 a great resistance.

but once surpassed we face one of the last blocks of resistance that is at 2.05 but I share with you that the accumulation of buying pressure is surpassing the supply in the medium term, here I share with you the depth of the order book of theta where we can appreciate the considerable buying pressure which exceeds 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 pass the resistance block of 2.05 we could see theta appreciate by 30-40% in the next few 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 is also worth noting that BTC has corrected almost 9% and theta has changed the falling dynamics every time BTC fell this indicates a strong buying support that is just waiting for the correction of BTC to finish to go 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 make profits in choppy scenarios and noise due to euphoria it indicates when everyone has euphoria we will be out with cash in our spot 100% calm and with emotions under 0 degrees.

blessings!