Theta seeing a great breakout above our trendline resistance, while also seeing a good increase in volume. Our stoch-rsi is also showing a very bullish divergence, suggesting more upside in the short term. Our new support level is around 1110 sats ; has many coinciding supports in this region (.382 fib/breakout point/daily candle minimum). Resistances are at 1400...
Theta Token / Bitcoin Cryptocurrency has formed a bullish gartley pattern and entered in potential reversal zone.
The PRZ are can be used as stop loss in case of complete candle stick closes below the this area.
I have defined the targets using Fibonacci sequence.
Buy between: 0.00001111 to 0.00001019
Sell between: 0.00001184 to 0.00001358
Atif Akbar (moon333)
The priceline of THETA / Bitcoin has retraced between 0.382 to 0.886 Fbiconacci to form another harmonic insha Allah.
Upto 12hr chart the MACD is turning bullish and RSI is entered in oversold zone.
I have set the targets from 0.382 to 0.886 Fibonacci sequence due to BTC bull market.
The targets are:
Buy between: 0.00001240...
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
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 looks primed for a pump up to 40% and 80%, good bounce off support, overall bullish market scenario, increasing volume.
An entry around 1200-1300 should be good enough, hoping for targets at 1700 and 2200 sats.
- Approaching Weekly support which a clean break of lead to a huge move up
- Watching for it to hold and set a higher Low, once 1579 breaks and we range for a few days there I would be expecting a retest of previous support now turned resistance (2195 SATS )
- oh NASA are currently using Theta..... NASA
RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the...
Ladies and Gentlemen,
Welcome back to TJ's Trade Corner!
Today we will be taking a look at $THETA, one of the mostly shilled and anticipated trading pairs out there with a really string set up as we will see here soon.
Lets begin with the market structure. We had a really insane pump in the beginning of March yet starte retracing from there almost immediately....
Theta looks good but we need a real breaking confirmation.
Should wait it breaks 1Day EMA50 around 2600ish.
so should be patient and wait around 2650+ to have a real buying option.
Sell it before 3200 Sats. Strong resistance here.
And don't forget to monitor BTC as always.
Happy Tr4Ding !