Hey guess we are all excited for some updates since my last forecast on this coin! So far, all forecasts have gone as expected, even exceeding expectations! Previously, I updated on the post that it will rebound from the old 1.618 Fib level, now it has been established as a strong support.
Now, we set up a new fib retracement level scheme, as you can see on the chart, I expect THETA TOKEN/USDT to find support at 0.786 or 0.5 Fib level region, where it looks to be establishing an ascending channel line (yellow). Bullish momentum is still strong with the THETA Mainnet 2.0 coming up 27 May, and I bet all that hype leading up will take us to greater highs in the short term.
As for LONG TERM POTENTIAL, I see THETA.tv getting established as a strong contender as a streaming platform along side twitch and youtube, with widespread implementations, I would not be surprised by a $2 USDT theta price by year end 2020.
Personally, I would be holding for long, and not trying to short it at all. Any shorts would likely be 10%/20% pullbacks on a majorly bullish coin like theta, and I feel that would be too risky a trade, so why not just ride the wave and surf? = )
Best Regards, GOLD D ROGER A humble trader
Comment
⋅
My previous forecast for Theta
Comment
⋅
THE ORGINAL POST when I first locked onto Theta, congrats to all who followed me thru these updates from the 1st post for 175% profit at the moment.
@whoyoutojdg, At the moment focusing on other altcoins, I see more sideways action for theta for a while until they have more news updates (consolidation)
mcentenoverges
⋅
Succesfull Dude!!! Congrats! Realy nice work!!
What its your opinion about THETA Mainnet 2.0? ?
Gold_D_Roger
⋅
@mcentenoverges, its always the same XD massive potential - I would be keeping up with their news releases! Be careful of massive sell off post release though