THETA since its recent bullish rally has now provided us with a correction to the 0.50 fib we could possibly form a new higher low here before seeing the continuation to the upside, i am waiting on the 4hr timeframe for price to regain bullish structure break above this small resistance zone, if we manage to see a 4hr close above this zone on the retest i will look for a leveraged long position.
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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.