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Theta Network (THETA) - February 12

BINANCE:THETAUSD   Theta Token
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(THETAUSD 1W Chart)
(eng)  If the price is maintained above the 1.9172 981-2.9437 615 range, it is expected to create a new wave.

The price needs to rise above the 4.3357 882 point to hold the price in order to turn into an uptrend.


If it declines from the 1.9172 981 point, it is expected to enter the mid- to long-term investment zone, so careful trading is required.


If it moves above the 4.3357 882 point and breaks out of the downtrend line, I expect to find primary resistance near the 6.9164 138 point.


(1D chart)
First resistance section: around 6.4637 041
Second resistance section: 8.6007 292-9.6682 416

Support section: 3.2581 665-4.3266 790

The trend is expected to continue out of the 2.9437615-4.8165031 section.

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(THETABTC 1W chart)
If the price holds above the 0.0000 753 point, it is expected that it will lead to an uptrend to create a new wave.

However, to convert to an uptrend, it must rise above the MS-Signal indicator.

Therefore, it should rise near the 0.0001243 point.

Movement around the week that includes February 28 should see if we can break above the MS-Signal indicator above.


If it rises above the 0.0001 243 point, I would expect it to rock up and down on the 0.0001 243-0.0001 473 section.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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