Theta Coin Short Term Forecast

Hi Everyone,

Just to share a short-term forecast for Theta Coin.

My expectation is for it to test the 38% Fibonacci Support at around 9.5USD, before rising back above 12USD (50% retracement of Wave A).

This projections excludes any significant changes to Bitcoin, which most alt-coins are heavily correlated to.

Good luck!

Comentário:

A surprise yesterday that a wave 5 didn't appear to form, even when Bitcoin fell lower during the day.

However, it is possible that we saw a Wave A complete in 3 sub-waves from 14.8-10.4, and Wave B from 10.4-13.6.

If Wave C forms a 100% extension of Wave A in a zig-zag pattern, this would lead to a price target of around 9.3. Alternatively a lower probability 62% extension would lead to a price target of around 10.8.