THETA looks ready for a new bullish wave. bullish divergence on 6H/12H TF playing out and recover the daily support (orange line) is the key to keep momentum higher.
Bullish divergences playing out on 12H timeframe normally showing a potential for a bounce from the area.
Retest yellow box to enter and wait for the setup to complete next weeks.
Increase in volume (which is paramount to have a decent size move to any direction) and major Support/Resistance level (orange line) touched on daily time frame (demand zone).
Bullish divergences playing out on 12H timeframe normally showing a potential for a bounce from the area.
Retest yellow box to enter and wait for the setup to complete next weeks.
Increase in volume (which is paramount to have a decent size move to any direction) and major Support/Resistance level (orange line) touched on daily time frame (demand zone).
