$THETA

Price is in a downtrend. Bearish breakout from Channel Up and below $1.20 support. Price could revisit $0.90. Stop Loss at $1.30.

Pattern: Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.

Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Down.

Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).

Support and Resistance: Nearest Support Zone is $0.90.

 Nearest Resistance Zone is $1.45, then $1.70.