THETA/BTC (Testing Important Fib Resistance)

💎Technical Analysis Summary💎


BINANCE: THETABTC


-We can see multiple rejections at the last Fib resistance area
-And Theta Token is trying to break above 0.786
-This is Bullish if the daily candle closes green
-Provided it can hold above resistance area for at least 5-7 days
-But I don't want to be optimistic at this level
-Because of the warning signs like RSI, price action, low volume, & pattern
-Yes, the price may still increase by up to 16%
-But on the risk to reward perspective, it is not good
-I would rather wait for a trendline support retest
-Before looking for a Bullish/Bearish trade idea




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