THETA has performed as we expected since our last chart analysis. After our support didn't hold, it quickly went to our lower support at around USD 0.80.
Right now we're trading at around $0.93. We have thus recovered significantly from the lows and are now trying the upper green box.
We had a lot of support there before, so it will be all the more difficult but also important that we recapture this zone as quickly as possible.
If we don't manage this, another setback to the lows is very likely. At the same time, these were formed with a great deal of volume, which makes a bottom formation unlikely for the time being.
In the daily chart, we bounced right at the top of our green support box. This forms from 2020 when the bull run started and previously represented resistance.
At the same time, we have now built the entire pump again with the volume on a daily basis, which is a good sign for the further course.
Nonetheless, as discussed above, the low was formed with plenty of volumes, so it's not unlikely that we'll get that one again.
On the daily chart, we have a bullish divergence, which has already been played out. Now it is important not to recognize the former support box as resistance here, otherwise, there is a high probability of a setback.
My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange!
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning SiteLiteCoinPay -
The #1 FaucetPay earner for LitecoinLBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!FaucetPay - The #1 Microwallet PlatformFREEBTC - The #1 FaucetPay earner for Satoshi'sFireFaucet - An earning site that pays better for some than Cointiply
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily
Comments
Post a Comment