💎 THETA has certainly captured the market's attention. At present, THETA has impressively surged past the supply zone, marked by a robust green candle accompanied by significant volume. However, upon encountering the major supply area, THETA faced a notable rejection.
💎 This suggests that THETA might be gearing up for a retest at the demand zone, which previously served as a supply area. There's a likelihood that THETA could either bounce from this point or swiftly resume its upward trajectory, Probability aiming for our designated major supply target.
💎 On the downside, if THETA struggles to uphold the demand zone and dips below, it could indicate a false breakout, pushing THETA back into its previous accumulation or consolidation phase. This would spell a bearish trend for THETA, with potential moves towards its primary support levels.
💎 This suggests that THETA might be gearing up for a retest at the demand zone, which previously served as a supply area. There's a likelihood that THETA could either bounce from this point or swiftly resume its upward trajectory, Probability aiming for our designated major supply target.
💎 On the downside, if THETA struggles to uphold the demand zone and dips below, it could indicate a false breakout, pushing THETA back into its previous accumulation or consolidation phase. This would spell a bearish trend for THETA, with potential moves towards its primary support levels.
Trade closed: target reached
Just like clockwork, #THETA is tracing our forecast, hitting that sweet 57.93% growth mark.
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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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.