Descending triangle:
On a long-term weekly time frame, Theta coin has broken down the support of a descending triangle and als broke down the weekly 100 SMA support. Now it has found a strong price support at $2.25.
Down channel:
Recently Theta has formed a down channel on a daily time frame and getting bounced form the support of this channel. Now if it breaks out the resistance of this channel then it can re-enter the big triangle back.
On a long-term weekly time frame, Theta coin has broken down the support of a descending triangle and als broke down the weekly 100 SMA support. Now it has found a strong price support at $2.25.
Down channel:
Recently Theta has formed a down channel on a daily time frame and getting bounced form the support of this channel. Now if it breaks out the resistance of this channel then it can re-enter the big triangle back.
Atif Akbar
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