Technical analysis by Sky_Lion about Symbol THETA: Buy recommendation (5/2/2023)

Theta to rise in front of Lavita AI airdrop computation Dear financial freedom seekers, Theta Network (THETAUSD) on the Monthly chart has been moving out of the downward channel and is consolidating around the 1$ mark since Jun 22. Wait till Theta breaks out of the consolidation channel. Indicators showing bullish confluence? 1. Steve's Power Trend Indicator still bearish waiting for a Bull signal (NO) = wait till it turns green and shows a buy signal 2. CM Wiliams Vix Fix Finding Bottoms: Bright Green bars indicating bottom (YES) 3. CM Ultimate MACD: Bullish Cross Over Close has not happened yet (NO) = Wait for confirmation. Theta is showing signs of recovery on the Weekly chart. On the Monthly chart it is still indecisive, so I would wait until 2 of 3 indicators show confluence and for Theta breaking out of the consolidation pattern. Recent news flow has been bullish for Theta adding Lavita AI as a subchain. Thus Theta stakers are going to receive free Lavita AI token airdrop which will knock the ball out of the park and result a higher demand and the price to rise. An average amount of THETA staked between May 10, 2023 and July 31, 2023 will be used for reward computation, so I would expect intense buying between that timeframe. medium.com/lavita-te...nt-faqs-66a50303103d Always remember, the journey is the reward. Ned aka Sky Lion