Technical analysis Theta Token. THETA-BTC on June 07, 2018
June 7, 2018
#THETA 4h
If the market manages to break the resistance at Fib 0.618, get an impulse breakout from the triangle pattern and consolidate above its upper edge for some time, we can expect further positive scenario for movement of this market and we will have a possibility to test 3700 and 3990 levels. If the market can consolidate above the maximum point, there will be a possibility to go towards the zone near 4800.
IMPORTANT: if the market does not get an impulsive breakout in the near future, the mentioned scenario can be not correct, especially in case the price will fall down breaking the bottom edge of the pattern, which will indicate the further fall.