THETA – ALTCOIN CHART ANALYSIS

Theta is currently in a clearly recognizable sideways phase. This has been going on since the beginning of May and has not yet been broken.

We are currently trading at around USD 1.40 and thus at the upper end of the range. Our horizontal resistance is in confluence with the weekly resistance R3.

However, we have a bearish divergence in the RSI in the short term, which could bring us another small correction to around USD 1.28.

We still have room for improvement on the daily chart. Here we do not see any divergences that speak for a longer correction and the volume is still increasing.

Thus, the one announced above could be the last correction before we attempt a break to the upside. If we manage to break the resistance, Theta could start a rally to around $2.00 before we see another correction.

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