THETA.USDT (Y20.P5.E2).Chart of the day

Hi All,

As the chart suggests, its broken the main resistance and currently has a nice pullback and potential bullish flag forming on an uptrend.
Yes, it looks like a cup formation.

How to trade this?
On the 4 HRLY
Enter after a bullish candle or bullish formation on the lower time frames.

All the best,

S.Sari

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any more deeper pullback, then it becomes too deep.

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H.chart

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z.chart. found the support area

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its hit my target.

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Reason for the target a) 1.618 extension and b) height of the structure.

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Note how we use the 8hrly and the 10/20 EMA. We still have upward pressure on the 8 hrly hence why I have taken only 50%. Depending how this closes on the 8 hrly, we can potentially go more. We have no bearish divergence which is a good sign.

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It didn't occur to me that I should look at the BTC pairing chart and it looks impressive. Bullish on the weekly so its likely to go up more. However the RSI at this point looks like its hit a resistance on the daily.
One cannot be sure as to how to take this. I prefer a pullback before jumping more funds in but I still have 50% of my initial investment still in.
If it breaks this level both RSI or fib, we should see more significant gains. So either wait for the pullback otherwise wait for the breakout.

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I was out yesterday with the other 50% remain towards BTC. After today...it would have been better to have had THETA. Question is, is this it? I will stalk this for the next pullback.

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Just to close this off. The 50% remaining I had was overlooked. I thought I had sold it for BTC. With pure luck on my side, I was able to sell at a heigher gain. It happens.
Anyway, I think its topped itself on this and not likely to make any significant move.
I should have shorted now thinking of it...lol.

Hence now stalking it.