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THETA bull(ish) chart November 1st 2022

We have been checking THETA for a while now and is one of our biggest investments in the crypto space. They actually have a working product already and are launching the 4.0 main net version in December. Their mother company is one of the only ones in the crypto space that already has SEC approval.

THETA daily chart :

THETA seems to be on the verge of a breakout on the daily chart.

Already inside the ichimoku cloud and moving up. We think that after we get a breakout and support on the cloud we should see at least a 150-200% run up towards the 4$ levels.

RSI (14) is over the 50 points area but still has room to grow, not overbought yet.

Stochastic RSI (5) is heavily oversold and should print a reversal in the following 5 to 10 days.

The support & resistance levels on chart coincide with the Fibonacci retracement levels from the previous local top. We will use those levels while trading up, they are noted inn blue on the right side of the chart.

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Disclaimer : the opinions presented in our report are our own and DO NOT CONSTITUTE FINANCIAL ADVICE. Cryptocurrency trading is a very risky endeavour. You can and probably will lose your money if you do not do your own research.

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