While nearly all ALT's have been massacred by the recent pullback, it is a regular Wednesday for THETA.
What does the Technical Analysis tells us?
- rebounded from 20D MA
- broken above a bull flag
(i.e. overall bullish trend)
What does macro analysis tells us?
- BTC has a chance to bleed even more
So it fully depends on how BTC moves, however, in being up double digits in a sea of red, it certainly draws attention.
In my opinion, it is a risky move, but I will be keeping an eye out for THETA for sure.
What does the Technical Analysis tells us?
- rebounded from 20D MA
- broken above a bull flag
(i.e. overall bullish trend)
What does macro analysis tells us?
- BTC has a chance to bleed even more
So it fully depends on how BTC moves, however, in being up double digits in a sea of red, it certainly draws attention.
In my opinion, it is a risky move, but I will be keeping an eye out for THETA for sure.
Comment:
Continued Consolidation above the parallel channel
