. ThetaToken/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
. There is a possibility of temporary retracement to suggested support zone (0.00050 to 0.00044). if so, traders can set orders based on Price...
THETA is moving in a not really good formation : Bearish Flag in Downtrend
But it seems that whales are trying to form the Cup&Handle formation to reverse the price
Current price : 1515
Buyzone : Buy close to 1450 as possible
Sellzone : 1700-2025
Stoploss if price is lower than 1300
New interesting coin just released on Binance with some insane volume 1+ billion.
Currently holding a 30 min hold lvl while laddering up an
uptrend and trying to break a downtrend while also testing the 30 min valley.
@214 on 30 min hold lvl
@230 1H Valley
@245 4H Valley
@ 203 below the hold 4H hold level
Theta / USD Short-term price analysis
Theta has a bullish short-term trading outlook, with the cryptocurrency advancing to a new monthly high.
The four-hour time frame shows that a bullish inverted head and shoulders pattern has now formed, with the THETA / USD pair trading close to the neckline of the bullish pattern.
Technical indicators on the four-hour time...
$THETA Showing some volume due to the list of its "fuel" on binance called $TFuel..
UCTS not showing a buy signal yet
While last candle has great volume, we need continuation for it to work.
A break over ~1.8ksats (resistance) could act as trigger to a potential entry
THETA has a good move today, when I look on H4 and daily charts it shows very good potential to get doubled from current price.
THETA's rally may have a leg up to 3513 sat (Fib. 61.8% of daily chart).
Short-term target as shown in the chart below.
Targets for short-term should be at Fib. 61.8% and 100%,...
$THETA Trying to push over resistance at 1800 sats
UCTS Buy signal in different timeframes
Volume rising (but nothing crazy)
If it manages to do a R/S flip then we would have a wide range (40%+) for movements...
Buying now seems like buying against resistance...
Currently back in the former range it held before the enormous run-up it had. I'd anticipate a bounce up to green box, followed by some consolidation as it did last. However if it fails, to hold support here, next stop is the yearly-low.
THETA has reached the resistance and I don't think it can pass unless it completely breaks 1500sts zone and closes 12H candlestick above 1500sts. THETA is turning to a short-term downtrend to 900sts
I think we can buy THETA at 890-900sts, but it is still possible to drop out of this area but I think there should be no fear because Devteam is still active and still...