Hey everyone,
Today, I'll be introducing Theta with a fundamental and technical analysis!
Theta is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch!
Fundamentally, I believe that it is time for Theta to fly. Two huge events are coming with Theta: V2 Edge Streaming DApp and V2Smart Contract Platform by the end of September.
Technically, I believe we are seeing a continuation pattern to the upside. This argument is also supported by a convergence of the MAs and a bullish tendency in the MACD. This is also supported with an ABCD pattern. Currently, we're in the C phase to reach point D. For targets, I aim for the 0.5 fibonacci level and 0.618. This prices are approximately 10$ and 12$ respectively.
Today, I'll be introducing Theta with a fundamental and technical analysis!
Theta is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch!
Fundamentally, I believe that it is time for Theta to fly. Two huge events are coming with Theta: V2 Edge Streaming DApp and V2Smart Contract Platform by the end of September.
Technically, I believe we are seeing a continuation pattern to the upside. This argument is also supported by a convergence of the MAs and a bullish tendency in the MACD. This is also supported with an ABCD pattern. Currently, we're in the C phase to reach point D. For targets, I aim for the 0.5 fibonacci level and 0.618. This prices are approximately 10$ and 12$ respectively.
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.