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THETA - Bulls Took Over! Target => 🎯

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

TheSignalyst

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TheSignalyst

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