THETA - ENGULFING BEARISH SIGNS - WILL WE OVERCOME THEM?
THETA / BTC TA
We see overall bearish pattern as we approach trend line. If we manage to hold that level, we will see a retest of prior highs which are highlighted as 'TARGET' areas.
If we do not hold trend line, do expect us to drop down towards first support zone, which should hold THETA together for accumulation. If we do not see that, we will drop back to liquidity grab zone for further accumulation.
We see overall bearish pattern as we approach trend line. If we manage to hold that level, we will see a retest of prior highs which are highlighted as 'TARGET' areas.
If we do not hold trend line, do expect us to drop down towards first support zone, which should hold THETA together for accumulation. If we do not see that, we will drop back to liquidity grab zone for further accumulation.
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