THETA

Trade setup: Price is in an uptrend. Following a bullish breakout from a Falling Wedge pattern, price resumed its Uptrend and spiked up as high as $2.30. However, price got overbought (RSI ~ 88) and pulled back on some profit taking. Now we wait for price to either 1) break above $2.00 to signal continuation of uptrend, with +30% upside to $2.60 next, or 2) pull back near $1.45 support for another swing trade entry in Uptrend with upside potential back to $2.00. (set a price alert).

Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).

Support and Resistance: Nearest Support Zone is $1.70 (previous resistance), then $1.45. The nearest Resistance zone is $2.00 and $2.60.