Sinajp96

#THETAUSDT midterm targets

Long
BINANCE:THETAUSDT   Theta Token / TetherUS
At this point, we are in a strong resistance zone of EMAs; looking at the trend, the chart was not able to make HHs, and also the higher low isn't really significant and also EMAs are fluctuating near the price, which we can imply that a stronger trend would begin. Also, the chart has formed a flag pattern that the probable breakpoint is near the strong resistance zone of 11.5, so any breakout of this point would result in a good profit printing. Having checked the technical analysis, Now let's dive into fundamentals. In my opinion, the reason that we cannot see any strong trends is that the proportion of its market cap and 24h volume is not satisfactory. So, any volume pump or coin-burning or just any positive pulse would start its upward trend.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.