Aside from the strong fundamentals on this coin, we can see a falling wedge pattern on THETA.
With the number of falling wedge patterns, I do consider whether it is time to begin accumulating alts again.
With regards to the THETA chart, the spike in the volume that formed a doji candle (indecision) has caught my attention. A break above this candle could trigger a strong move out of the the falling wedge pattern to our initial profit target at the 38.2% Fib. Stop loss orders below the swing low after the trigger.
Set your alerts for a possible strong bull move.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
With the number of falling wedge patterns, I do consider whether it is time to begin accumulating alts again.
With regards to the THETA chart, the spike in the volume that formed a doji candle (indecision) has caught my attention. A break above this candle could trigger a strong move out of the the falling wedge pattern to our initial profit target at the 38.2% Fib. Stop loss orders below the swing low after the trigger.
Set your alerts for a possible strong bull move.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
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No love shown to THETA. No trade
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Updated falling wedge pattern:
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