THETA/USDT Bearish Triangle

١٠ يناير ٢٠٢١

In my other post about THETA I was looking at the grand overview of things. This idea is more of a short term trade.

I've spotted a beautiful bearish triangle which has been forming since the start of 2021. In my opinion THETA needs to cool down a little after the crazy run up it had at the end of 2020.

I've marked a support line on the chart where I expect the price to either consolidate or reverse. I'd place my target around that area. Happy trading!