The last three trading weeks on the THETA market were quite effective for sellers. The main result for pride is raising the THETA price by 60%. Our previous forecast has been realized. Buyers were able to test a critical range of $4.3. And now the question arises, what’s next? In the weekly timeframe, we see that the $4.3 test took place on a large scale. However, the body of the weekly candle is quite small. The small pin on the weekly candle is just within the critical range of $4.3. In our opinion, this is a signal of the unwillingness of sellers to take the initiative in the THETA market. https://www.tradingview.com/x/aRI3LbkI/ The new trading week on the THETA market on 7 April completely absorbed the previous achievements of buyers. Interestingly, for such a victory, sellers needed 3 times less trading volumes than when trying to break buyers’ range of $4.3. This means that buyer has no desire to jealously restrain the price from falling, as actively push it up. A bad sign for a stable growth trend, which indicates a great emotionality of buyers. Though, such emotionality at local highs often works the opposite way. As a result, the consolidation range of $2.3-$4.3 was formed on the weekly THETA timeframe. If buyers can’t keep the $3.2 mark, then the minimum target of sellers is the lower limit of the current consolidation. Technical Analysis Of THETA On The Daily Timeframe https://www.tradingview.com/x/SPph7cv4/ Analyzi...
