已更新

Theta Parabolic Channel

Theta is on support of the Gann 8x1 Fib Ray - Current top is the 5th Arc but Theta has already outrun one of my charts and is parabolic - Resistance on the Arcs on the way up - If the arc stops the price it will drop to the previous arc for support and try and catch ascending support off the next fib ray across

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The candle has opened on support of the 4th arc pair - If support holds it is likely that the candles will track sideways to find ascending support from one of the fib rays

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Total breakdown at the 4th arc pair - When the price finally finds support i will update

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Theta caught support around the 2nd arc pair after hitting the Gann 3x1 fib ray

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Theta has support on the 2nd arc pair - it has done well to puosh back thru using ascending support off the Gann 3x1 fib ray - Resistance against the Gann 4x1 fib which is currently acting as the top of the channel

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The 3x1 is still providing support - Possibities if it holds or breaks is shown in the arrows

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Still life in Theta it seems

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Theta is definitely heading for the next arc around 0.0000347 - It may rebound there or it may push thru - We will see <><>

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sMaShEd it - Resistance on the arcs

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Theta is really struggling with this price - If it cant break thru 0.00003483 we'll see some more downside

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Theta has consolidated nicely without losing too much price - The candles are moving towards the ascending support of the Gann 1x1 fib ray - Volume is still pretty good, 3800 Btc, its possible we could see a raise in the price when the candles hit the 1x1

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I'm quite liking the look of Theta here across these 2 charts - we can see on the bear set up chart on the right that theta has held good support and has broken a downtrend and is now moving towards rejoining the uptrend - Nothings ever 100% sure in cryptos, but this has promise

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1x1 support failed totally - Possible bounce zones in yellow

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Theta seems to like the fib rays on this chart and has hit the 8x1 - This is normally the major uptrend on a Gann chart making Theta a buy - However market conditions are extremely uncertain today and any trade entered carries a greater risk of being stopped out - Good luck *)