THETA’s Relationship with this Moving Average Could Determine Its Trend

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The THETA price is trading very close to the support line of a descending wedge. The price is expected to move towards the resistance line and could possibly break out. Highlights THETA is trading inside a descending wedge. It has moved above its 200-day moving average. There is significant support at 950 satoshis. There are resistance zones at 1,350 and 1,550
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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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