In last post about THETA it went down after hit TP2 and retest the support .
There is a potential H&S pattern in the chart.
If it can break out the downtrend and we setup the new plan
If it break out the neckline and H&S will be confirmation .
We can hold and wait for next targets...
Entry Point : 6 & 6.1 & 6.2
TP 1 :- 7$
TP 2 :- 9$
TP 3 :- 12$
TP 4 :- 15$
For Hold : 25$
Remember Risk Management ;) and its for long-term
The Theta blockchain is the only end-to-end infrastructure for decentralized video streaming and delivery that provides both technical and economic solutions.
You Can Buy Now...
Following the rally in BTC is it likely we will see THETA and other alts follow suit? If so, will we get a cross of the 1D MA20 over the 1D MA50 to trigger a similar impulse to a high as we have previously seen? If so, how high will THETA go?
Let me know in the comments.
SNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON...
Updating previous analysis of THETAUSDT : Everything is clear on the chart and ask any questions you have.
⚠️ This Analysis will be updated ... BINANCE:THETAUSDT
👤 Arman Shaban : @Ar_M_An_4
If you hold THETA SELL at current price because it is facing a local resistance at $5.63 . If THETA manage to break this resistance then the next two target for sell or open a short position might be 5.87 & 6.10 Doller. You should use the SL above 6.29 for a short positiion.
As we can see, after breaking its downward trend, the price is gathering strength to start a strong climb.
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart.