BINANCE:THETAUSDT   Theta Token / TetherUS
M pattern forming (with 3 trendline rejections, the 3rd currently rejecting)
Parabolic run up while the rest of the market was either ranging or moving up slowly
Options expired yesterday, so could see a further move downwards as we have seen in the past after options expire
Nearing the end of the week/month
Its currently the weekend where we usually see a correction of the weeks bullish movement
2 strong rejections of the $14.50-$15.00 supply zone on 23rd and 24th March
BTC is currently still in a range between $50-$55k (current price is $54k)
Daily/3D/W RSI still in heavy overbought territory at 70 and above
Comment: price is currently hovering just below the trendline on the 4hr meaning we still havent seen a trendline rejection here yet and the M pattern has not fully formed. Will need a rejection from here first
If we see a break of this trendline then we will look to long


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