Hello, dear members of LeoFinance!
Today I want to outline something interesting on the price chart of Theta Network.
In the daily chart (1D), THETA/USD has received support from the 360-day Moving Average (MA 360) and has rebounded:
As can be seen from the chart, right now, THETA/USD is testing the upper line (resistance line) of the Descending channel.
Let's see if the bulls are strong enough the push the price through the resistance or if the bears will resume the decline within the channel.
To be continued ...
As of the time of writing, one THETA costs $5.67 on the Binance crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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Posted Using LeoFinance Beta
I had Thetas in the original wallet, they are no longer recoverable. However THETA is a project of great potential
To be honest, I am not very familiar with Theta Network from a fundamental point of view. Earlier this year I signed up with their site and use it a bit, but still don't know a lot about it.
Posted Using LeoFinance Beta
I've tried it too and it doesn't work very well