THETA/USDC (BUY) THETA is showing significant upside potential towards 3,80 and 6.00
Market & Ticker: Theta – THETA/USDC
Date: 30/11/2024
Horizon / Timing: Tactical Mid-term / 1 to 3 months
Scenario:
THETA consolidated Since Marche 2024 before breaking up in November 2024 following US Election.
THETA Keeps upside potential as long as 1,75 remains support to target 3,80 and 6.00 in the coming month (Auto-similar move)
Technical Key Elements:
- Auto similar move potential shows target at 6.00
- RSI indicator confirmed bullish signal – No Divergence
- The Moving average are now support
- Fibonacci key support is adjusted at 1,75 while the Elliot wave shows upside potential towards 3.80 and 6.00
Trade Idea conclusion: Buy
Target 2: 6.00
Target 1: 3.80
Tactical support (pivot): 1,75 (Daily close)
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
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