THETA Technical Analysis: The Maximum Fall Target Is $1.45

The sweet, calm and controlled correction in the THETA market continues. From the achievements of sellers can be identified a new test of the lower trend line of the falling wedge. Throughout the fall wave from March 2021, trading volumes have been consistently low, giving rise to speculation about a new wave of global growth. However, reality does not yet signal the beginning of the formation of such positive thoughts. Moreover, given the ease of the BTC price fall, the probability of the THETA price fall outside the correction wedge is quite high. https://www.tradingview.com/x/PGbo7JIn/ Notice how the weekly candle of 2 May closed. The test of the lower trend line of the wedge did not affect buyers. No resistance, no rebound, no fight. This behavior of buyers maximized the probability of failure of the THETA price to $1.45. This mark kept the trend of buyers in January 2021 and made it possible to set a new historical high of $15.88. The $1.45 mark is the first mark from which you can place limit orders to buy and trade medium-term price rebounds at 60-80% of the price. And this is in the case of a continued global correction. In the case of a reversal – the mark of $1.45 may be the last achievement of sellers. Technical Analysis Of THETA On The Daily Timeframe https://www.tradingview.com/x/blOTSXzN/ The new trading week of 9 May began with a reduction in the THETA price. Sellers systematically press on the price for 5 days....