Theta Token (Binance: THETABNB) has broken out of the triangle pattern in the daily chart.
![nimetön.png](https://ipfs.busy.org/ipfs/QmdujAdzCyEcRgkhnN6H9Le9gMgiJxMqKgJAYZqSv5Qygo)

(*Chart courtesy of Tradingview.com (log scale)*)

**Elliott Wave Analysis**

In Elliott Wave terms, Theta began a wave one advance on August 15. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 24, and the red wave two (blue sub-waves a-b-c) correction ended on November 21. If this wave count is correct, Theta should be heading next towards the August 24 peak in the red wave three.
![nimetön2.png](https://ipfs.busy.org/ipfs/QmQxCQmQdkU65hU5Q1iWwxC3KpF8K8KdyhAeqrVUu3iCxT)

(*Chart courtesy of Tradingview.com (log scale)*)

**Funnymentals**

Theta is a decentralized video delivery network, powered by users and an innovative new blockchain. Altcoin Buzz covered the token last month.

https://youtu.be/rAP2E4YciCs

(*Sources: https://www.thetatoken.org/ and [YouTube](https://youtu.be/rAP2E4YciCs)*)
![steemverify.png](https://ipfs.busy.org/ipfs/QmdAfzq4zLE9mrf92TnPADBptzixPXcJ68h8piptCZoCed)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Theta will takeout the August 24 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Theta will drop below the August 15 low".

If you think Theta is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Theta will stay in a trading range between the August 15 low and the August 24 peak until December 30".
![nimetön3.png](https://ipfs.busy.org/ipfs/QmaDYWCw6YbPYVtV7jgRsudyxa8JBuHWbSCEH5UYsSdL1Z)

(*Chart courtesy of Tradingview.com (log scale)*)

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