Theta - More Downside?
Applying fib channel in this daily log chart we notice that the worst may still to come to THETA, lying right now at the support line of this channel that begun in late march.
Breaking this present support we have two others until $1.90.
It's also important to notice that for the first time since late april/20 THETA is below MA 200.
Unless it bounces hard on this level i'm bearish.
Thank you for reading.
Breaking this present support we have two others until $1.90.
It's also important to notice that for the first time since late april/20 THETA is below MA 200.
Unless it bounces hard on this level i'm bearish.
Thank you for reading.
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