THETA token is in a larger flat correction [Video]
![THETA token is in a larger flat correction [Video]](https://editorial.fxsstatic.com/images/i/Theta-network_Neutral_XtraLarge.png)
Theta Token with ticker THETAUSD made a deeper retracement in the last year, but it’s actually still above 2023 lows, so it can still be a larger regular 3-3-5 A-B-C flat correction in play. After recent projected five-wave impulse into wave (C) of a three-wave (A)(B)(C) decline in blue wave B, it can be now on the way back to March 2024 highs for blue wave C, which could be a five-wave impulsive cycle. Currently, it can be still unfolding a lower-degree five-wave impulse into wave (1), so more upside is expected for wave (3), especially if breaks above 1,74 bullish level, just be aware of wave (2) pullback.
THETAUSD Daily Chart
Theta Token (THETA) is the native cryptocurrency of the Theta Network, a blockchain-powered platform designed for decentralized video streaming and content delivery. It aims to improve the efficiency and cost of streaming by allowing users to share bandwidth and computing resources on a peer-to-peer basis.
For a detailed view of the Crypto market and more analysis like this, you may want to watch below our latest recording of a live webinar streamed on May 19 2025:
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Author
Gregor Horvat
Wavetraders
Experience Grega is based in Slovenia and has been in the Forex market since 2003.
