Here we see the daily logarithmic chart showing price has become squeezed by the support of the rising 1D MA50 and the resistance of the declining 1D MA20. Meanwhile the LMACD has converged to zero and is looking to cross bullish.
Which way will it break? Is it toward infinity and beyond, or a steep and sharp final capitulation?
Either the bottom is in, or...
What Is Theta (THETA)?
Theta (THETA) is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of...
I've been looking for good entries on THETABTC. I personally think the bottom of valley could be the possible accumulation zone and the possible distribution target of its high of the candle (high of the swing low) but I'm too of a beginner to make clear decisions.
What do you think is the possible buy and sell targets? Share your thoughts.
Your attention is the global idea on the THETAUSDT chart
The first shock fact is that THETA paired to the dollar for the year made X420, that is, 42,000%
It hurts when you realize that you took only a small part of the profit from such a potential, but this cannot be changed :)
But we turn off the FOMO effect and continue to analyze the graph soberly.
hey guys, quick technical analysis on theta, looking very nice and clean hopefully price respects the fibbonacci support area as price is currently in a symmetrical triangle approaching the support trend line very correctively anticipating a bounce from the lower trend line for a bullish move to the upside.