🔷️ My outlook on #THE ( @ThenaFi_ ) remains unchanged. The re-test of the parallel channel we discussed 6 days ago has been successfully completed, and the price appears to be holding at that level. Additionally, a cup formation is visible on the $THE chart. If this pattern plays out, potential resistance levels based on Fibonacci are marked with yellow lines.
🔹 Bullish Indicators:
MACD: Has started to generate a buy signal; histogram is trending in the positive zone.
RSI: Currently around 55, gradually moving toward bullish territory.
Volume: Increasing around the re-test area, confirming buyer interest.
🔻 Bearish Signs:
RSI has not yet entered strong bullish territory.
A high-volume sell-off before the pattern completes could invalidate the setup.
📉 If the price drops below the lower bound of the channel, the outlook may weaken. However, the current technical structure looks solid.
‼️ This is not investment advice.
