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Weekly forecast Theta technical chart
Symbol THETAUSD

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMarch 12, 2023 - 21:07
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.335, beginning of downtrend is expected.
  • We make sure when the support at 0.705 breaks.
  • If the resistance at 1.335 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.302 on 02/21/2023, so more losses to support(s) 0.791 and minimum to Major Support (0.705) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 39.

Symbol Released Current Forecast
Theta (THETAUSD) free Sat, 23 Mar 2024
Theta (THETAUSD) free Sun, 17 Mar 2024
Theta (THETAUSD) free Sun, 10 Mar 2024
Theta (THETAUSD) free Sun, 3 Mar 2024
Theta (THETAUSD) Sat, 24 Feb 2024