THETABTC: Surviving a Bloodbath

While nearly all ALT's have been massacred by the recent pullback, it is a regular Wednesday for THETA.

What does the Technical Analysis tells us?
- rebounded from 20D MA
- broken above a bull flag
(i.e. overall bullish trend)

What does macro analysis tells us?
- BTC has a chance to bleed even more

So it fully depends on how BTC moves, however, in being up double digits in a sea of red, it certainly draws attention.

In my opinion, it is a risky move, but I will be keeping an eye out for THETA for sure.

Kommentera:

Continued Consolidation above the parallel channel