THETA poised for a healthy pullback before resuming uptrend
- THETA has hit a new all-time high at $0.76 and continues trading in price discovery mode.
- A short-term correction seems to be on the menu for the digital asset according to several indicators.
THETA has been trading inside a robust uptrend for the past four months and hit a new all-time high at $0.76 on September 28. Its market capitalization has grown from $46 million on March 16, to a current high of $640 million.
Bears looking for a correction after a strong sell signal was presented
Just over the past five days, THETA is up by more than 36%. Many investors are wondering when the next correction period will start. According to several metrics, it seems to be nearby.
THETA/USD 12-hour chart
On the 12-hour chart, the TD sequential indicator has just presented a sell signal at around $0.75. If we look at the past two signals, they were
