THETAUSD targeting $5.2250 on a fractal repeat.

Feb 15, 2022

Theta Token is trading within a Channel Down and has just recently broken above its 1D MA50 (blue trend-line again). Even though the price remains just inside the Channel Down, that break-out on the previous similar Channel Down of April- July 2021 was a buy signal towards the 0.618 Fibonacci retracement level. That is currently at 5.2250. Notice how we are at the exact same RSI spot of that Channel Down break-out.



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