Although there isn't much data on Theta on FTX, a nice Cup and Handle has formed with a retest of the neckline initially failing to penetrate although it is still looking like it might with a Bullish Engulfing and the Daily candle almost closing. Volume has subsided in the middle and increased as price returned to the neckline. The measured move takes it to...
Many would have been bitten by Theta and Theta Fuel buying in late and getting destroyed by the dump. As the dust clears is there a potential entry opportunity presenting? We've now tested this support several times, question is, further retrace to meet the 200 SMA or will it turn around and head North. Few % below current would have me interested. Keep an eye...
Is this a trap ? or is this a fantasy ?
Short term trade, relief rally from the 0.618 retracing to the 0.5 of the move down. ENTRY: 0.246 STOPS: 0.194 1st TARGET: 0.413 - Take 60% off here, move stops to break even and enjoy the free ride on the house ;) Never Trust. Verify. DYOR. Not Financial Advice Just an Observation. Always remember: technical analysis is not about being right, it's about...
Theta back to support. Longer term trend line and horizontal support at .25 - .26. Stop loss just under support.
Theta continues to trail down as those that were hanging in for a miracle begrudgingly take their medicine and exit. Question is, when will it come back? Those interested will be watching for a break from the trend or support coming in from those waiting on a decent entry position. (Cautious on any entry's here as some might be waiting for their chance to exit...
BINANCE:THETAUSD FTX:THETABEARUSD Theta had a huge parabolic move of about 1,400% in the last 75 days, from about $0.04 USD to about $0.60 USD. And now, a big correction started two days ago. The correction does not seems to be over, we had an initial down move, which I will call Wave (a), which clearly tracks 5 waves to the downside, and now it seems like...
Watch out ! HOLD the THETA Before Explosion The triangle is good looking And people wants to push it !
Hopefully those who had positions in Theta managed to sell the top (or close to it) If they did, are they now looking for a re-entry or have they moved onto the next option? I wouldn't be in any hurry to jump in but strange pumps seems to be the norm in the current environment. I'd prefer to see it closer to the 50/200 SMA so further retrace required. Keep an...
Following the dramatic moves weve seen on THETA the last few weeks i thought il give it a go to chart this. To me looks like a clear impulse to complete a C wave of a flat correction . Bullish count would have this impulse as a larger wave 1, but would still mean we would see a hell of a correction. Be prepared if you are in a position right now.