Downtrend channel observed with price aiming to test the top level trendline as the immediate resistance zone. We plan to accumulate within the demand zone area.
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Short the R? Possibly a great spot to look at entries. If it breaks out you get stopped. Big deal. Flip long if needed. If buying spot, just accumulate.
Trump Cards continue to run. Up 3x for the second time got to sell on the first big pump, rebuy the crash and now back up again massively. One tweet and they run straight to 1 eth. WIll go beyond 1 eth, might...
Imo, On HTF, 3 swing trades are possible
1- If stays above $1, target $1.50-1.70 area.
2- Once 1.75 is flipped, target 2.25 and 2.60
3- Once its in expected range, target 4.25-4.50
Thinking something like this for THETA , unless we just finished the 3rd wave I would expect a 4th now. But the 4th would head to almost $2.50 and cause a breakout of the triangle.
Which would be a serious counter trend move & I'd expect my count is off if that happened.
in 4H time frame We are waiting for the closing of the price and the bullish candle above the line, as well as the closing of the fast RSI above the 50 line .
In this case, the price can grow up to 5% in the spot .
Note: We will not enter into this transaction until fast RSI is closed above the 50 line
On the daily time frame, THETA remains volatile within a descending wedge. I added a trendline inside the wedge. THETA is challenging the trendline as resistance. Under the condition that the market continues to recover, the price breakthrough will bring us to the upper boundary.
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Theta token reached the previous continuation accomulation zone where we expect the bigger players to hold the price.
From a riks-reward standpoint this is a rare and well set up trade.
We do recommend to take multiple profit by smaller parts every potential reversal zone.
Because of the yield inversion in the market the short term interest is favored, so we use...
By priceaction viewpoint, we have a triangle.
By indicators, StochRSI are in oversold zone, Rsi has 50% support.
We have MA20 support in daily timeframe.
Also MVRV index is about 44 which is the best in top coins now.
So look after it to see what will be happened next!
close above this white line should move quick to 1.471
stop tad below white line for levered play's
doubt we see this under a dollar IF we do that's another zone of interest for me
We traded Theta to the upside and made some nice profits. My last TP point is almost hit around $1.08. On the 4Hr chart I see some weakness so I took some profit on Theta allready and wait till I see some new strength.
I predicted THETA would crash 95% from $12 and be an excellent buy sub $1 links below
And so it would appear it bottomed at $0.7.
This has been a long descending channel with plenty of pressure building up and we've also been eyeing up THETA/BTC - a beautiful curved descending structure.
And now it is a rocket!!!
Been eyeing this one up a very long time....
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