Theta/USD had a recent break out to the upside followed by strong retests to the breakout consolidation area multiple times and it held the price very well. the retest area is also 0.618 fib level the most important Fibonacci level, as you might’ve guessed, is the 0.618, Golden Mean level. This is a critical level where sellers tend to give up bargain-hunting and a potential mass buying frenzy will ensue. in our case, it's a BUY/Support zone
Once THETA CLEAR 8.60 I'd expect a push to test previous high and beyond
Short Term target I am looking for
8.78, 9.79, and 11.20 resistances respectively.
#PatientMan target 21$+
Ideally Buy zone under 7.30
Invalidation point 6.80 Daily base
Note
THeta/BTC
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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.