- Bullish flag formation right above the all time high level
- First target of the flag is around 0.93
- I am expecting higher prices in the immediate short term
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We have broken the downward trend and have formed the bottom of this cup. Look for handle to form around .80, then an upwards trajectory to about 1.15
I expect we will see some hesitation around a dollar, but I doubt that will cause too much of an issue, but maybe another handle like formation then up we go.
See previous analysis of theta linked below.
THETA has increased 15 times this year and now it looks like it is declining and could definitely drop sharply in the near future.
The closest support zone is the 0.55$ zone. And only once THETA conquers the 0.7$ zone it will continue to rise but resistances are quite close
-Buy: 0.55-0.57$, SL if B
-Buy: 0.48-0.50$, SL if B
-Buy: 0.40-0.42$, SL if...
Reached ~3900 sats support level..
For now hard to know if this will hold (good reaction on the first 12H)
If lost, due to BTC pushing up, ~3150 as next level.
Wait for true reversal signals to start accumulating
Some time in the near future TFuel is going to have a 100+% gain. It is going to cross upwards and take off.
Descending triangles are more often seen as bearish, but do breakout upwards. See BTC chart after it broke out of its long descending triangle. I see this playing out similarly.
Additionally, with the success of how things are going with Theta, it is...
An interesting project with small daily trading volumes.
From March 2020, Theta token is in a solid upward trend. Measuring the percentage of growth which THETA's price made in 7 months, we were amazed. x20!
The global support level for the token is in the range $0.2-0.24. It was in this range that buyers managed to stop the aggressive fall from $0.6, ...
*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to...
Last weeks' candle close (weekly chart) for Theta is ideal.
Price dropped 20% (as we projected on 6 Oct)...
...establishing the horizontal level as support.
Although MACD is pushing downwards on the weekly time-frame, the new support level sets Theta up nicely for a...