THETA / USDT - Watch for Breakout
THETA has been one of the altcoins that's had a pretty rough fall from grace during the May crash. I don't know much about the project itself, other than it has a strong community. Lots of stakers. Similar to LUNA [where hast thou gone, LUNA??], in that regard.
You can see some levels here on the 6-hour Chart. I've added in "price projections" using the Musical Harmonics indicator, which has proved itself solid in the crypto space. Idk why.
Either way, if THETA breaks out above $10.02 here this Week / today, here's how I'm going to be playing it.
If BTC and ETH both fail here this Week, then it's going to be more downside--or, at best, sideways action.
If we see *either one of those* King Coins shoot their shot, THETA will erupt.
Mark my words.
Well, I'll just mark them myself by publishing this chart.
This is not financial advice.
Again, I don't know anything about THETA other than its chart over the past couple of weeks has looked increasingly Bullish.
That being said, I've been very tuned-in during this past year especially, and have a fairly good feel for the crypto space. The Laws of Physics need not apply here.
Remember how AAVE and MKR were front-running every other coin earlier this year? Those two may be headed for Round 2, for sure, but THETA's looking willing and able to throw its hat into the ring here as well. MATIC has spiked, sure, but then it's also spiraled right back down pretty quick. THETA's actually "held the line", literally, pretty well.
Also again: first watch BTC, ETH, ETHBTC.
If any of those start to breakdown, or stall out against resistance, exit stage right.
Presuming we swing back into "DeFi Summer 2.0" (note: watch the DeFi Exchange Tokens, like UNI, SUSHI, 1Inch, CAKE, etc leading up to EIP-1559), THETA will leave this earth's orbit on its moon mission. Like, Ganymede.
🚀🌜👍
You can see some levels here on the 6-hour Chart. I've added in "price projections" using the Musical Harmonics indicator, which has proved itself solid in the crypto space. Idk why.
Either way, if THETA breaks out above $10.02 here this Week / today, here's how I'm going to be playing it.
If BTC and ETH both fail here this Week, then it's going to be more downside--or, at best, sideways action.
If we see *either one of those* King Coins shoot their shot, THETA will erupt.
Mark my words.
Well, I'll just mark them myself by publishing this chart.
This is not financial advice.
Again, I don't know anything about THETA other than its chart over the past couple of weeks has looked increasingly Bullish.
That being said, I've been very tuned-in during this past year especially, and have a fairly good feel for the crypto space. The Laws of Physics need not apply here.
Remember how AAVE and MKR were front-running every other coin earlier this year? Those two may be headed for Round 2, for sure, but THETA's looking willing and able to throw its hat into the ring here as well. MATIC has spiked, sure, but then it's also spiraled right back down pretty quick. THETA's actually "held the line", literally, pretty well.
Also again: first watch BTC, ETH, ETHBTC.
If any of those start to breakdown, or stall out against resistance, exit stage right.
Presuming we swing back into "DeFi Summer 2.0" (note: watch the DeFi Exchange Tokens, like UNI, SUSHI, 1Inch, CAKE, etc leading up to EIP-1559), THETA will leave this earth's orbit on its moon mission. Like, Ganymede.
🚀🌜👍
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