THETA/USDT managed to push down towards the $1.50 level a couple of days ago. After a sharp rebound in the price of Bitcoin, THETA is on its way to recover some lost ground.
Momentarily, THETA broke-out of the pennant on the upside and manageed to beat the $2 resistance, signaling a new upward move.
I've marked two areas of resistance, R1 and R2, where I expect...
In my other post about THETA I was looking at the grand overview of things. This idea is more of a short term trade.
I've spotted a beautiful bearish triangle which has been forming since the start of 2021. In my opinion THETA needs to cool down a little after the crazy run up it had at the end of 2020.
I've marked a support line on the chart where I expect the...
THETA has been following this channel since the corona dip. A few days ago THETA hit the upper trend line, starting a new move downward.
With the crypto market being very bullish at the moment, I'm aware this is a risky trade. Therefore my advice would be to keep a tight stop-loss in case things go south.
On the chart I've marked two areas of support, S1 and...
THE THETANIC IS STILL SAILING TO HIS BREAK POINT ! JACK AND ROSE CAN TAKE PROFIT UNTIL THIS POINT.
Place a purchase order at 1.75, its the best moove you can do right now !
THETA/USDT is inside perfect triangle. Officially speaking, it's a bearish triangle since the support is holding and the highs are getting lower every time the upper resistance is hit. Although that's the case, I'm not sure we will see a strong decline in the Alts anytime soon, especially with the volume and interest that Bitcoin is generating.
My advice would...
We are seeing a huge indecision of the market these past few days, but I am holding my analysis over.
Always using SL but the opportunities of a big move up is very high and I don´t intend to stay out because of FEAR.
To be honest that market fear only makes me buy more. My SL are there to make me stay calm.
BTC is under a bearish pressure for the moment, which could trigger big drops for many alts.
But I believe the drop of BTC will only initiate when the market reopens on monday, so we are probably moving horizontal a little bit more during the weekend.
With all that sad, TFUEL is retesting the 200MA and it could trigger another pump, maybe this time out of the...
