RICARDO07
--
Bullish
$THETA
Hello, I will take this moment to share my long-term expectations for Theta by analyzing its price action in monthly fractality.
Theta survived one of the most aggressive bear markets that the crypto market experienced, where even projects disappeared and major coin exchanges like FTX collapsed, along with a drop in BTC to levels around 15,000. Theta remained, and like all cryptocurrencies after the last bull market, it stayed throughout the bear market, and now we are about to experience an important bull market. Theta remains, even with better fundamentals. In this regard, Theta has been developing a bullish formation over time that could lead its price to long-term levels not currently considered. I am referring to an inverted head and shoulders formation, which upon breaking has the potential for proportional and correlated price growth with its last bull market, where Theta's price rose by over 27,000%.
Now, from its minimum, such an increase over time driven by credible adoption could place its price at some point in its history at approximately 290-320 dollars per coin, as anticipated by its price action. There are some important factors that would contribute to this probable prediction.
1. In monthly fractality, Theta is in a zone of 57 on the RSI, meaning it is in a launch zone towards 80-90, indicating overbuying.
2. The monthly volume from the previous bull market is gigantic, and if it experiences such volume again, it would lead to exponential price revaluations.
Conclusion: If technical conditions are met, Theta could experience sustainable and progressive growth over time to levels related to the proportionality of the increase from the last bull market.
It may sound exaggerated, but it is potentially possible, as anticipated by price action.
Important: I am NOT asserting that this price will be the next maximum.
Hello, I will take this moment to share my long-term expectations for Theta by analyzing its price action in monthly fractality.
Theta survived one of the most aggressive bear markets that the crypto market experienced, where even projects disappeared and major coin exchanges like FTX collapsed, along with a drop in BTC to levels around 15,000. Theta remained, and like all cryptocurrencies after the last bull market, it stayed throughout the bear market, and now we are about to experience an important bull market. Theta remains, even with better fundamentals. In this regard, Theta has been developing a bullish formation over time that could lead its price to long-term levels not currently considered. I am referring to an inverted head and shoulders formation, which upon breaking has the potential for proportional and correlated price growth with its last bull market, where Theta's price rose by over 27,000%.
Now, from its minimum, such an increase over time driven by credible adoption could place its price at some point in its history at approximately 290-320 dollars per coin, as anticipated by its price action. There are some important factors that would contribute to this probable prediction.
1. In monthly fractality, Theta is in a zone of 57 on the RSI, meaning it is in a launch zone towards 80-90, indicating overbuying.
2. The monthly volume from the previous bull market is gigantic, and if it experiences such volume again, it would lead to exponential price revaluations.
Conclusion: If technical conditions are met, Theta could experience sustainable and progressive growth over time to levels related to the proportionality of the increase from the last bull market.
It may sound exaggerated, but it is potentially possible, as anticipated by price action.
Important: I am NOT asserting that this price will be the next maximum.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
39
0