So far, all my previous altcoins forecast have been going as expected, hope yall who followed benefited from my ideas as well as I profited from the trades! GOOD DAY TO ALL, right now we see a spike in THETA/USDT pair, having rebounded ever so strongly from the 50 MA overlap with the ascending channel support to breakout above the channel top.
For the moment I see THETA consolidating as BUYERS regroup to gather their strengths for another major BULL RUN: expect a possible retracement to the channel top to validate as support @ 0.618 or even 0.5 Fib Level, such an overlap makes it even likelier for a strong rebound.
With such sound fundamentals and amazing potential (coincentral.com/what-is-theta-token-theta/), this is one coin I would be hodling as I see THETA as severely undervalued at the moment. Possible prices of each token could be at least $1-2 by year end 2020.
Also expecting a spike in prices near 25-27 May 2020 as Mainnet THETA 2.0 prepares to launch.
Portfolio: 15% Theta Strategy: Buy and Hold As such, these are not financial advice but my personal ideas, always remember to trade carefully with stop loss orders.
FEEL FREE TO LIKE AND COMMENT YOUR IDEAS TOO!
Best Regards, GOLD D ROGER A humble trader
Trade closed: target reached
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Congrats to those who followed, 2.618 fib level hit
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If you often have a Personal dilemma like me: Caught between the options of selling highs then buying pullbacks to scalp a few profits OR holding it till year end,
it all boils down to how active a trader you are and how much attention you can give to monitoring these coins
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Now we see the middle level of 2.618 and 1.618 serving as a strong support, WATCH FOR a bounce off this level up OR a breakdown
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We are finally back at the 1.618 fib level, a level expected for retracement after that monstrosity of a price surge, wait for this level to establish as support or breakdown.
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Likely to be establishing 2.618 fib level as support, I see a higher upside potential, will be holding this coin for awhile...