Crypto – THETA status update

Weekly timeframe

Theta is looking very bearish, it currently lost the 1.5$ support and invalidated the bullish elliot 5-waves impulse. 1.5$ now acts as a resistance, the next support is at 1.22$, 0.95$ respectively.

Daily timeframe

We are currently on the 4th wave of the last corrective wave on higher TF.

We don’t have a confirmation that 4th wave ended – we can still see the price going towards 2$ before the final 5h wave impulse.

Next resistance is at 1.7$, next support is at 1.2$.

By admin