Hey guess we are all excited for some updates since my last forecast on this coin! So far, all forecasts have gone as expected, even exceeding expectations! Previously, I updated on the post that it will rebound from the old 1.618 Fib level, now it has been established as a strong support.
Now, we set up a new fib retracement level scheme, as you can see on the chart, I expect THETA TOKEN/USDT to find support at 0.786 or 0.5 Fib level region, where it looks to be establishing an ascending channel line (yellow). Bullish momentum is still strong with the THETA Mainnet 2.0 coming up 27 May, and I bet all that hype leading up will take us to greater highs in the short term.
As for LONG TERM POTENTIAL, I see THETA.tv getting established as a strong contender as a streaming platform along side twitch and youtube, with widespread implementations, I would not be surprised by a $2 USDT theta price by year end 2020.
Personally, I would be holding for long, and not trying to short it at all. Any shorts would likely be 10%/20% pullbacks on a majorly bullish coin like theta, and I feel that would be too risky a trade, so why not just ride the wave and surf? = )
Best Regards,
GOLD D ROGER
A humble trader
Now, we set up a new fib retracement level scheme, as you can see on the chart, I expect THETA TOKEN/USDT to find support at 0.786 or 0.5 Fib level region, where it looks to be establishing an ascending channel line (yellow). Bullish momentum is still strong with the THETA Mainnet 2.0 coming up 27 May, and I bet all that hype leading up will take us to greater highs in the short term.
As for LONG TERM POTENTIAL, I see THETA.tv getting established as a strong contender as a streaming platform along side twitch and youtube, with widespread implementations, I would not be surprised by a $2 USDT theta price by year end 2020.
Personally, I would be holding for long, and not trying to short it at all. Any shorts would likely be 10%/20% pullbacks on a majorly bullish coin like theta, and I feel that would be too risky a trade, so why not just ride the wave and surf? = )
Best Regards,
GOLD D ROGER
A humble trader
Note
My previous forecast for ThetaNote
THE ORGINAL POST when I first locked onto Theta, congrats to all who followed me thru these updates from the 1st post for 175% profit at the moment.Trade closed: target reached
As forecasted, hit 1.618 and consolidating above
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.