$THETA confirmed the broken resistance zone as support and stay above ascending support zone,if #THETA hold this support, $10.5 and $12 can be midterm targets. and $19 can be the long term target.
Price has been moving within the parameters of the fibonacci sequence. We can see that price has respected the 61.8 fibonacci on the moves within the bigger ABC pattern.
On the higher timeframe, we saw that price rejected the 50 fibonacci level and is moving towards the double bottom area 3.5.
Will be looking for bear flags down to the 3.5 area and then we'll be...
Following the rally in BTC is it likely we will see THETA and other alts follow suit? If so, will we get a cross of the 1D MA20 over the 1D MA50 to trigger a similar impulse to a high as we have previously seen? If so, how high will THETA go?
Let me know in the comments.
Theta (THETA) is a blockchain-powered network purpose-built for video streaming.
Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.
The project is advised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch.
My entry on the...
THETA is at its strong support zone and in this October, it could move towards 8$ and 9.5$ zones or even higher but it will take us much more time to conquer the 9.5$ zone. But if it loses 6$ zone, it will fall down to 5$ zone
♻️Condition : If 1-Day closes ABOVE 6$ zone
🔴Buy : 6.5 - 6
🔴Sell : 8 - 9.5
♻️Condition : If 1-Day closes BELOW 6$...
Hi all, we have a bearish shark formation, also TD Sequential tells us to sell it. Stop loss can be put over the blue dots(4h candle close)
and target will be possibly the correction of the impulse.
This is not an investment advice.
(you dont need to short it. if you have the crypto you can sell some part of it and wait for price drop and after you can buy it...
On the higher timeframes, the market forms lower highs and lows, which means that for now, we are in a downtrend. If the market creates a series of higher highs and lows soon, the trend will change and the market will be much better.
Locally, altcoins are forming bullish structures. THETA has broken the trend line and is now squeezing near the resistance level,...
💎 THETAUSDT has broken above the Descending channel and it has gone for the retest. As we see the large green candle indicates that the bulls are in control now and we expect a bullish move
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at 6.250
☕️ TP1 7.540
🍺 TP2 8.550
THETA looks ready to move up some more after the breakout of falling wedge (doted red line). Despite severe drop from +$14 to $3.6 its still trading above long term trendline.
First resistance is $9.6, followed by $14.3 and $21.4 which is my last target for now. Supports are $6.7 and $5.2. Any touch of red trendline is good buy.