Theta has test its .5 fib level and it shows that it has successfully bounce away from it. But Theta may test its .382 fib level based on Elliott Wave Theory to complete its correction wave for a price continuation. I would put a buy order right below the wick of the previous low after the all time high.
Based on the MACD indicator, it further validate the Elliott Wave Theory as the signal line are going to cross and form a bearish cross where it indicates a corrective movement. What I expect from Theta is a strong bounce after it touch the .382 fib level.
Price prediction for the end of the bull run will be around $25
Not financial advice, happy trading!
Based on the MACD indicator, it further validate the Elliott Wave Theory as the signal line are going to cross and form a bearish cross where it indicates a corrective movement. What I expect from Theta is a strong bounce after it touch the .382 fib level.
Price prediction for the end of the bull run will be around $25
Not financial advice, happy trading!
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