Theta - LONG

23 בדצמ׳ 2020

Theta had been accumulating between $0.6 and $0.7 for a long time. As soon as it broke out of this accumulation zone, it started gaining momentum upwards. It is currently trading above the 1 fib. As long as the support at fib 1 at $1.072 holds, we could see a move towards fib 1.618 at $1.249 and an extended move towards fib 2.618 at $1.534. Failure to hold the price of $1.072 could lead to a move towards $1.01, $0.96 and $0.92.