THETABTC completed another bullish reversal for new ATHBull flag formation:
In US Dollar market the price action of Theta has formed a bull flag. Here the priceline is re-testing the exponential moving averages with the time period as well. And if the priceline breaks out the channel that has been formed within this flag then it can reach at $3.5 easily.
Cup & Handle move:
On daily time frame chart, with the Bitcoin pair the price action of Theata has completed the formation of Cup & Handle pattern. Now it has also tested the support of 100 SMA and the 50 SMA has formed bull cross with 100 SMA as well. If we take the measurement from the breakout point to support and place it at the breakout point or resistance of the Cup. Then our next target can be 0.00011755 btc and if the priceof BTC will be $35000 then 0.00011755=$4.
Ichimoku cloud and Rising Wedge:
On long term weekly chart, the price action of Theta with Bitcon pair has formed a rising wedge pattern and also broke out the Ichimoku bearish cloud as well. The cloud is now bullish so we can expect that the priceline migh make another attempt to break out the resistance of this cloud.
Conclusion:
The price action of Theta is setting new all time highs in every rally. Now we can expect another rally that can be 100% up from the current price level.
Thetausdt
$THETAUSDT - Inverted head and shouldersHello everyone!
There is an inverted head and shoulders pattern spotted on an hourly chart of THETAUSDT.
I made this pattern yesterday, and was waiting for the confirmation, the best confirmation point was at $1.83, where the dynamic resistance is, however Theta rebounded earlier.
$2.27 and $2.357 are the must test points based on the pattern, $2.51 is very reachable if Theta breaks above $2.357
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THETA/USDT - Parabola broke, descending triangleTETHA had a crazy parabolic run doing a 3x!
Now after we broke the parabola in yellow we are taking a breather and forming a descending triangle which suggest a bearish bias. Moreover, MACD is due to cross over in the negative, another bearish signal.
If these are confirmed, then we're very likely to break down the triangle. Do NOT FOMO into this coin, at these levels you should take profit after entering in early December. Wait for the triangle to break before taking action.
Bias is bearish for now.
Like and follow!
$THETAUSD - Double bottom, wait for confirmationHello everyone!
There is a possible double bottom pattern being formed on THETAUSD.
The token is testing an important resistance level at 2.02, so far the resistance stays strong.
The importance of this level is shown on the chart static resistance and the dynamic resistance which once was a support.
For that being said, I highly recommend to long above 2.05 or 2.06, or wait for the retest of 1.89 and go long.















