Technical analysis by Sky_Lion about Symbol THETA: Buy recommendation (4/28/2023)

THETA - could breakout soon with limited riskDear fellow underdogs, I found another interesting chart and I am happy to bring it to your attention. Since the all-time high at 15.9$ innApril 2021 THETA is in a downward channel. Recently there have been signs of recovery and. It is close to breakout of the Descending Channel in the 1M Timeframe. In the 1W timeframe it has already broken out of the descending wedge. I am expecting a Massive Bullish Wave . Downside risk is seen at the old Support level at 0.65$ and last defence line is @0.45$ S1 Fib 0.382 level. Man lie, woman lie and kids and charts never lie. Ned aka SkyLion