THETA – ALTCOIN CHART ANALYSIS

Unfortunately, Theta hasn't managed to climb out of our range since our last chart analysis. Although we had a breakout, we could not confirm the range as support.

We are now trading at the bottom of this range again at around $1.13. We were able to find some support there during the last sale.

Trading volume has increased somewhat with the last 4H candles, however we have the 200 SMA (last 200 moving averages/purple) and 200 EMA directly above us and the RSI is very high.

So we have to keep an eye on the range. On the daily chart, the Daily EMA Ribbons are also pushing us lower.

A lot of liquidity is around $1.08. So it's likely that we'll get that zone first. There is also the lower end of our range.

This should not break, otherwise a sell-off towards USD 0.80 could threaten. This is currently more likely than a pump towards USD 1.40.

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