Last weeks' candle close (weekly chart) for Theta is ideal.
Price dropped 20% (as we projected on 6 Oct)...
...establishing the horizontal level as support.
Although MACD is pushing downwards on the weekly time-frame, the new support level sets Theta up nicely for a continuation in the days and weeks ahead.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.