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Scaredy Cat Investor Show Chart Update - Theta Went Right Where We Said!

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scaredycatguide
@scaredycatguide
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On Tuesday's show we were working through the crypto market check as per the usual. Theta was one of the coins asked to be reviewed, so the cat charted it on the fly.

Holy Moon Shot!

As you can see Theta price went 10X over the course of a month, making new all time highs

At the time of the show price was in the high 40s and we were yet to see a red candle. The coin was up on news it will be intertwined with Samsung devices in the future.

The real question was, what does price do from here? It could obviously keep going, though it is hard to get long when a stock had already run that hard that fast.

The other option is it could pullback and if it did what would that price target likely be.

On the chart you see two horizontal trend lines. The top one represents the initial all time intraday high and the lower one represents the closing high. Those had just been broken so it was likely if a pullback happened it would test those levels to confirm the breakout and new levels.

And Boom! The pullback happened and price bounced off 30 cents.

What to watch for from here is that 30 cents and 27 cents level. Price needs to hold those to remain bullish.

You can catch the Scaredy Cat Investor show on MSPWaves - Tuesday's at 5pm EDT.

Listen on discord: https://discord.gg/ZvwASjs Join audience chat: https://discord.gg/77MCBer Watch the live stream on Vimm TV: https://www.vimm.tv/@msp-waves

Posted Using LeoFinance