THETAUSDT4H trend chart
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THETA has build a double bottom after falling from 8.598
Now it broke out the neckline which is 7.930
If price can stand firm here, trading strategy as below.
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Profit Targets:
a) 8.210~8.323----Fib(1.272~1.382)
c) 8.567----Fib(1.618)
d) 8.960----Fib(2)
Stop losses:
a) 7.040-----Red horizontal ray
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.