Theta/BTC has been in a downward channel since May where we saw the big drop in the entire crypto market. Main-net 3.0 did not see the run up in value we had for 1.0 and 2.0. If BTC holds in this 50-53k range we could easily see a pump to, and above ATH.
Much of the Theta is circulation is locked up by the corporate validators. Supply shock if very possible.
$THETA / $BTC looks primed for a big move here with the support of this pennant / descending triangle at a significant weekly time frame support area. It if breaks that support then another 10% down are the lows of the May / July crashes. Probability suggests upside.
Theta has broken a 50-day downtrend and is ready to move higher. Its resistances and goals are plotted in the diagram. If the price stabilizes above the downtrend line, it is suitable for entry.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find...
THETAUSD is approaching a crucial point, it will likely break to the upside from this dominant position above the mean trendline of the current run
This breakout theory is exacerbated by the BTC pair which is retesting the top of a falling wedge, which is quite bullish for price and will likely result in a large bounce
I have not looked much into THETA...
In order to confirm my previous analysis, we need to see some kind of a bear-trap reversal. It probably would be very choppy and uncertain but I see a strong enough v-bottom in all of crypto that I think this could hold up.
Long entry target would be around...
THETABTC Potential Long @ 0.00024000, upon successful retest of the 200MAs with strong candlestick and volume confirmation.
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Clear massive bull flag breakout has occurred on the 6-hourly chart (and others). The flag goes back to about 4 months ago now. Very strong sign for THETA/ BTC pair for the next few months.
Closing a 6-hour candle strongly above 27,700 sats with high demand will certainly launch a large upthrust.
Green squiggle would be a super healthy bullish return to test...
Hello traders and investors!! So great to be here today, let's take a little journey and examine THETA📉👇👋
Price touched rims of wedge 4 times, and on the 5th bounce we broke the pattern and exited the wedge.😎
Now I see it possible that we can go to our targets.
QUICK REMINDER 😄🤨📌
Make sure to always use a stop loss 🤚🛑💲 when making trades.👏🆗👌
THETA coin bounced of weekly .618 support almost to the exact sat plus confluence of the bottom of the parallel channel. In addition, Fib time pull was an exact hit to the .618 before having a rise of around 55% and now currently testing ATH resistance. IMO, the price can continue uptrend and my target would be the 1 and 1.618, depending on the performance of...