#Theta is ready to move higher - Top of range $7.20 incoming.

Hey Guys,
420 Investments Here with a 4 hour technical analysis update of theta.
Before getting into my analysis I will provide you with the trade details.
Entry - Current price action $5.86
Stop Loss - $5.72
Risk to reward - 7 to 1
Leverage - 10 x recommended or lower
As we can see #theta has formed a trading range and has currently dropped the bottom of the range, i am expecting theta to reclaim the range and head to the top of the range @ target 2 of $7.20 usd.
We also have formed a bullish falling wedge, with three touches to each side confirming it is valid, now we are looking for a break out of this wedge to give us confluence that theta will indeed head to the top of it's trading range.
The 4 hour has also recently shown a Swing Failure pattern reversal pin, showing bulls are trying to take control here.
Best of luck!
420 Investments Here with a 4 hour technical analysis update of theta.
Before getting into my analysis I will provide you with the trade details.
Entry - Current price action $5.86
Stop Loss - $5.72
Risk to reward - 7 to 1
Leverage - 10 x recommended or lower
As we can see #theta has formed a trading range and has currently dropped the bottom of the range, i am expecting theta to reclaim the range and head to the top of the range @ target 2 of $7.20 usd.
We also have formed a bullish falling wedge, with three touches to each side confirming it is valid, now we are looking for a break out of this wedge to give us confluence that theta will indeed head to the top of it's trading range.
The 4 hour has also recently shown a Swing Failure pattern reversal pin, showing bulls are trying to take control here.
Best of luck!
420Fam
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
420Fam
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.