Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Weekly: Left Chart
THETA rejected a strong demand zone and round number 1.0 so we will be looking for buy setups on lower timeframes.
Daily: Right Chart
on DAILY: THETA formed a valid inverse head and shoulders and the bulls took over after a momentum candle close above the gray neckline.
🎯Targets => Our first resistance / target would be around 2.5 so I will be monitoring price action there.
If we break it upward (purple projection) then a movement till 4.0 would be expected.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Weekly: Left Chart
THETA rejected a strong demand zone and round number 1.0 so we will be looking for buy setups on lower timeframes.
Daily: Right Chart
on DAILY: THETA formed a valid inverse head and shoulders and the bulls took over after a momentum candle close above the gray neckline.
🎯Targets => Our first resistance / target would be around 2.5 so I will be monitoring price action there.
If we break it upward (purple projection) then a movement till 4.0 would be expected.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.