Theta is at a critical level at the moment. It's facing the 100EMA dynamic resistance and previous structure at $8.50 level. If we manage to break that level, we can consider buying Theta. Until then, it looks very corrective and bearish and we could see a move lower.
Keeping a close eye on the $8.50 level to see how price reacts.
Keeping a close eye on the $8.50 level to see how price reacts.
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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.