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THETA BULISH MOVE TO $6

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Hello Traders,,

The chart is telling me THETA is bullish. I have a price target of $6-$6.50

Will update as this unfolds.

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Price is moving as expected. The wave 3 inside the bigger proposed wave 3 looks a bit small to me. Something to keep an eye on anyway.

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This trade is going well. I am also long Theta Fuel -TFuel. THETA is launching its main net 3 on 28th April 2021 so about 2 months away. I expect the price of THETA and TFUEL to rally up to the main net 3 release date. The price might correct near the release date or it could just continue to rally through the release date, its something to think about anyway. I also hear Coinbase is thinking about adding THETA after the main net 3 launch. I dont know if Coinbase will add TFuel. Either way it looks to be a bullish 2 months.

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Here is a THETA FUEL TFuel chart with 2 targets.

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Hello Traders, back again with an update on THETA. Having a look at the THETA/BTC daily chart the price looks to be inside an ascending triangle which is bullish but the divergence bothers me a bit.

I think BTC is retracing to 35k so if THETA holds inside the triangle thats good,

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But if you look at the weekly chart its a bit more bearish with the rejection wicks inside the triangle. Lets keep an eye on that triangle.

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Having a look at the Theta/UDST chart the price looks like it didnt retrace as badly as Bitcoin. I drew a polyline over the Bitcoin chart, copy and pasted it onto the Theta chart and you can see it did not retrace as deeply as Bitcoin did.