The drawings were already done here so this makes my job so much easier...
Theta Token is trading daily above MA200, this level was conquered recently and tested as support.
Staying above it signals long-term growth potential.
What we are seeing now is a small (small as in time duration) consolidation phase.
Consolidating the previous bullish breakout. It was so...
Thinking something like this for THETA , unless we just finished the 3rd wave I would expect a 4th now. But the 4th would head to almost $2.50 and cause a breakout of the triangle.
Which would be a serious counter trend move & I'd expect my count is off if that happened.
THETA has an easy path to move upwards with over 100% potential in the coming weeks.
We can see a higher low long-term on this chart, Dec. vs May 2022, and this can lead to a higher high.
This is the THETABTC trading pair.
You can find the targets marked green on the chart while the support levels are marked blue.
Thank you for reading.
Namaste.
I am seeing some bullish action but still mixed with weakness...
We will have a better picture in a few days and hopefully things will go towards the bulls, but we can't know for sure.
I have to give you the whole picture.
After the June breakout THETABTC technically remains strong.
The correction took prices as low as 0.618 Fib. retracement which is normal and...
In this study on THETA, you will note the breakdown of the longer-term consolidation over the past two weeks, as THETA has broken through support at $0.95 to form a bearish triangle that also looks to be breaking down. A Fibonacci projection of this drop below support of the longer-term channel presents a few targets; $0.748, $0.648 and possibly $0.485.
Do you...
Hello,
Within the range we entered on May 12, as I have shown on the figure, the regions with the blue arrows worked as support and the regions with the red arrows as resistance.
The $1.17 - $1.41 range is very clear and it seems like the price has managed to stay within this range after yesterday's Fed meeting.
In the short-medium term, I think Theta/Usdt will...
Hello traders, here's an update on THETA in BTC pair for spot trading.
Timeframe: 8 hours.
Update: Theta token has been a deal breaker for traders in the BTC pair. If you do the backtesting then it has given 40% to 90% profit on the spot. I understand that Theta is under a descending triangle formation and technically it is a bearish pattern but only when...
btc is doing it's thing so no trade is safe today.
however, theta has a nice setup.
i will look for a long at 1.111
and i will exit at 1.219 at about 10% profit.
since this is clearly a very dangerous trade,i will set a stop loss at 1.085 which is less than 2.5%.
i wont wait for candle closes,simple stop loss order because btc is not acting normal today
since...
Hello friends
📉Based on the chart: Important levels are marked
.We also expect movement: the size of the width of the broken range
.📢 Please follow your strategy, , this is just my idea
.🙌Please do not forget the ' like' button & Share it with your friends
.✍ I will be glad to see your ideas in this post.
.🧲Follow me to see more analysis
$THETA is at key resistance level on the 4H chart. A breakout to the upside could lead to a new resistance level around $1.34. If price gets rejected at resistance, most likely will see a retracement back below the $1.19 level
Bullish Harmonic Patter on THETAUSDT.
Entry: 1.148 (1st bullish OB)
SL: .936 ( just below 2nd bullish OB)
TARGET 1: 1.2113
TARGET 2: 1.512
TARGET 3: 1.825
I prefer to tp at least 25% on TARGET 1. Then the other 50% to 75% on TARGET 2. TARGET 3 is optional depends on the patterns that wills show.
Not financial advice. DYOR. Follow for more trades like this.
THETA weekly chart: as we continue to finalize
the bottom of the market, which we are there
or very very close in my opinion, we have this
projection of price action in the next 483 days.
This senario is very similar with other digital
assets from years ago and played out...lets just
keep our eyes on the chart and what the RSI,
trendlines and Fibonocci...
I am a seller of Theta at 1.30, looking to re-enter after another 40% drawdown to around 0.79. Macro outlook is not going to favour altcoins for the next few months. I am long term bullish and will enter with a fairly large position when we hit the lower target.
