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 is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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