Theta went down today due to BTC's recent dip in the market. The new low seems to align in the trend ling to form a symmetrical triangle (purple) . We should expect a breakout on either sides towards the 17th of Mai with a possible 4 $ move (yellow lines) with a possible ultimate target at about 20$ if Long.
The red resistance lines could provide later support once we break them.
For band traders , the green lines seem to suggest that there is a possible short term profit opportunity if you buy and sell/short between the provided channel.
If There is no change and we reach the Apex of the Purple triangle , this chart would be voided.
Events are coming up in June (Coinmarketcal.com) which would make me believe that theta will start rising and the 20$ objective is well in sight with a little patience.
The red resistance lines could provide later support once we break them.
For band traders , the green lines seem to suggest that there is a possible short term profit opportunity if you buy and sell/short between the provided channel.
If There is no change and we reach the Apex of the Purple triangle , this chart would be voided.
Events are coming up in June (Coinmarketcal.com) which would make me believe that theta will start rising and the 20$ objective is well in sight with a little patience.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.