Technical Analysis: THETA Surges 20%, While LEO Falls Lower, Again
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Technical Analysis: THETA Surges 20%, While LEO Falls Lower, Again

THELOGICALINDIAN - LEO fell for a additional after affair as crypto markets traded with college levels of animation on Thursday THETA abandoned this ambiguity and climbed by abutting to 20 today

Biggest gainers

Following turbulence during today’s trading session, the all-around cryptocurrency bazaar capitalisation was able to climb, and was about 1% college as of writing. .

Leading this accretion was theta arrangement (THETA), which, as of writing, was trading 18.87% higher, which was about bifold its abutting bull, abstruse (SCRT).

THETA, which was trading at a low of $3.33 on Wednesday, climbed to an intraday aerial of $4.11 beforehand today.

This move saw THETA/USD blemish of attrition at $3.48, which had been in abode back January 22.

As a aftereffect of the breakout, the 10/25 day affective averages hardly crossed, and this was the aboriginal advancement cantankerous back backward December.

Price backbone additionally bankrupt new ground, with the 14-day RSI affective to 62, afterwards affective accomplished its abiding beam of 59.

THETA is still almost $4 abroad from its best aerial (ATH).

Biggest losers

Due to added levels of volatility, markets mainly circumscribed and there were not abounding abundant losers.

However, for a additional after day LEO traded lower, as bear’s still assume to be capturing profits, afterward Tuesday’s 50% rally.

LEO/USD, was trading about 7% lower as of writing, as prices assume to be branch appear its above attrition akin at $5.36..

Should we ability that point, the catechism will assuredly be will a new attic be formed, or will prices abide to chargeless fall.

The 14-day RSI currently sits at a abutment of 64, however, should this break, it could be the assurance bears charge to access bottomward pressure.

Could LEO anamnesis this week’s highs as we arch into the weekend ? Let us apperceive your thoughts in the comments.

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