Looks like THETA is losing steam and setting up to retrace, but not just yet.

Difference between Buyers and Sellers on THETA Spot and Futures markets is inconclusive, Buyer vs Seller dominance shifts every 5 minutes.
Daily volume % is way up, over 1000% on Spot alone.

I tried counting waves, but don't quite see clear structure yet.

I think THETA will arc towards Target #1, other 3 targets need to be evaluated if Target #1 is reached.

Target #1 3.830
Target #2 3.753
Target #3 3.470
Target #4 3.187

This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!

❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️

THETAUSDT.P
THETAPERP
THETAUSDT
THETAUSDT
HUOBI:THETAPERP
THETAUSDT

Ideas relacionadas

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.