Weekly THETAUSD Technical Analysis and Forecast - Cryptocurrencies - Forecast City

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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.
Date	March 20, 2023 - 10:46
Current	range bound
Forecast	beginning 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 trough is formed in daily chart at 0.850 on 03/10/2023, so more gains to resistance(s) 1.102 and maximum to Major Resistance (1.335) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 51.

Symbol	Released	Current	Forecast
Theta (THETAUSD)^new	Mon, 22 Apr 2024
Theta (THETAUSD)	Sat, 13 Apr 2024
Theta (THETAUSD)^free	Sat, 6 Apr 2024
Theta (THETAUSD)^free	Sun, 31 Mar 2024
Theta (THETAUSD)^free	Sat, 23 Mar 2024