Theta is another great project in the crypto market that has grown significantly. The impulse wave is followed by a corrective wave which seems finished at the 0.5 Fibonacci retracement. Now, Theta is trying to break the first downtrend line. Also, Fibonacci time analysis suggests the end of this corrective wave is near. let's see what happens.
註釋
So, Theta went down and revisited the previous low, making a double bottom. Also, it seems a harmonic pattern has formed, and recently, Theta broke the right leg's downtrend line. In the case of a harmonic pattern, the first target is the local low, which is the first horizontal resistance area. Let's see what happens.
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