Potential price targets after Theta breakout
Theta had a descending broadening wedge, which causes us to remain bullish and long for the foreseeable future despite some bearish trends for BTC recently. It seem Theta may be neutral to the trend of BTC and as BTC descends to lower lows Theta continues to move sideways making higher lows and higher highs. We may have just broken above the cup and handle and in such situations you would normally buy the breakout as we come out of the cup and handle ATH.
I am feeling a bit of FOMO now that I have exited my position at .58, but will be waiting to buy a lower high and hopefully we see a dip at some point.
Theta may see a dip to touch the 21 EMA on the daily and that would be a good opportunity to buy from my perspective if you are not already in.
I am feeling a bit of FOMO now that I have exited my position at .58, but will be waiting to buy a lower high and hopefully we see a dip at some point.
Theta may see a dip to touch the 21 EMA on the daily and that would be a good opportunity to buy from my perspective if you are not already in.