Theta Token was in a downward bearish pattern for some time now since mid March and it seems its on its ground level to start a rebound bull pattern. A falling wedge pattern already created and Theta is trying to bounce and break out from the falling wedge resistance line at around 1600 sats. If it close specially in the 1D chart it will be a good profiting trade. We need a close above the falling wedge in both scenario's anyways. RSI : In a very good position at around 50 for accumulation.
-Both EMA(50) and EMA(89) are still above the price and we need to see both indicators below the price for confirmed trading move.
Accumulation Zone : 1550 sats - 1650 sats Distribution Zones : Short Term Targets Target 1 : 1730 sats Target 2 : 1825 sats Target 3 : 1910 sats Target 4 : 2100 sats Mid to Long Term Targets Target 1 : 2368 sats Target 2 : 2909 sats Target 3 : 3346 sats Target 4 : 3783 sats Target 5 : 4406 sats Target 6 : 5199 sats Stop Loss : 1365 sats
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