Cryptocurrency
by Seth Parker on August 24, 2018

Theta Token Analysis – And the winner today is…

CyberMiles is up, Gas is up but the real star of the day is the Theta Token. On Friday, the price is climbing 28% higher and still counting! Unfortunately we will not tell You if that was expected by us or not, because it will be the first time that we will be talking about this crypto. To be honest with You, when I look at the chart, I have to admit, that this rise came out of the blue.

First signs of the bullish power, we had yesterday. The price broke the down trendline (black) and later defended that as a support. Fair enough, that was promising but we were still below two major resistances. We were, because we are not anymore. First one, was broken today and now, the green area 0.103 is being tested as a support.

theta token chart

As long as we stay above the 0.09 USD (blue), the sentiment is positive and we should see a further upswing. I am on this market for quite some time and I saw many bullish runs, watch out for that! It can still be the pump&dump kind of a movement, so stay sharp!

By Seth Parker

Seth is a professional trader with over 10 years of experience. He specializes in the technical analysis. His main focus is on the pure Price Action. In his trading, Seth used the trends, supports and resistances and technical formations. Always, the most important thing in his strategy is the money management. Seth reached a proficiency in trading and for the past three years is doing that for a living enjoying the sun and lovely beaches of the Spanish coast.

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