THETA/USDT Pennant Break-Out

١٣ يناير ٢٠٢١

THETA/USDT managed to push down towards the $1.50 level a couple of days ago. After a sharp rebound in the price of Bitcoin, THETA is on its way to recover some lost ground.

Momentarily, THETA broke-out of the pennant on the upside and manageed to beat the $2 resistance, signaling a new upward move.

I've marked two areas of resistance, R1 and R2, where I expect bearish pressure to occur. If Bitcoin remains bullish for another day or three, we might see a new ATH on THETA with some luck!
Happy trading!