Pair: THETA/BTC (also available against USDT)
Exchange: Huobi or Binance
Trade Duration: Medium
Signal Strength: High
Our Entry Zone
0.00001045 - 0.00001119
Our Stop Loss: 0.00001004
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On week chart the THETAUSD has started the formation of C to D leg and now almost entered the potential reversal zone.
There is already a golden cross formation between 25MA and 50MA on week chart beneath the price action and withing the PRZ area.
The price action has strong supports of 25MA and 50MA.
Soon a massive profit spike is expected insha Allah.
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....
Potential Cup and (Falling Wedge) Handle forming for Theta Token.
Breakout could mean a target at $.13518 (met by resistance),
then if broken through there, a second target of $.14355
Invalidated below $.12000 (~50% of the height of the cup)
Expecting a slight increase in trade volume and price around 4 P.M. EDT
due to SLIVER.tv (parent of Theta Network)...