THETA's trajectory has taken a decisive turn, piercing through a critical level and retracing back to it.
This area now serves as the last bearish resistance, hinting at a potential decline from here on.
Keep a close watch for pivotal movements.
#THETA
The price is moving in a triangle on a 12-hour frame, which it adheres to perfectly.
We have a major support area at the level of 0.1165.
We have a trend for stability above moving average 100.
We have a downtrend on the RSI indicator that supports the rise and is about to break higher
Entry price is 2.50
The first goal is 2.77
Second goal 3.14
Third goal 3.56
Hello Traders Hope You Are Enjoying Our Analysis. Today We Will Discuss About THETA
(Update)
The Descending Channel Has Breakout In Weekly Timeframe✅
Expecting Massive Bullish Wave In Coming Days✍️
💎 Paradisers, let’s explore the captivating movement of #THETAUSDT. Currently, it is assessing a bullish order block (OB) level—a zone of immense significance due to its juicy liquidity.
💎 Our observations reveal that #THETA dutifully adheres to a descending channel trajectory, respecting channel resistance on two occasions. Now, if the price successfully...
💎Paradisers, #THETAUSDT is currently showcasing some interesting market movements. Positioned at a critical support level, THETA is experiencing notable accumulation, signaling potential bullish activity.
💎We remain hopeful that this accumulation at the support might catalyze a bounce, potentially initiating a renewed ascent. There's a strong chance that...
Theta has broken the trend and market structure.
As per Dow theory, It started making LH -LL and can expect another LL in couple of weeks.
Defined resistance and support in the chart.
I am expecting that Theta will back to 2.5 to 2.7 range, if it break than we can see that it will move to 3$ if not we can expect another pull back and find another LL..
Hello Trading view Family / Fellow Traders.
I hope you have used and benifited from the previous analysis .
In today trading session we are monitoring THETAUSDT for a buying opportunity,
THETAUSDT UPDATE
Breakout and Retest of the Falling wedge pattern has almost completed in 8H timeframe✴️
Maximum chance to gain +40% profit💰💸 in next few days 💯 ✅ ✍️
THETAUSDT Market update
This is my current chart for THETA right now. Currently, I am using long timeframes here because this is a long term trade for me personally. I believe many of us are involved for the long term as well , not a quick money grab.
Technical Analysis POV:
We have been in a side trend ever since May 15,2022. Pumping hard and crashing hard....
I suggest considering a potential long position entry with the idea of compression and liquidity collection from all levels above, targeting up to 3.8. At this level, participants with short positions using up to 3x leverage from the current global volume cluster are going to be liquidated.
Following a period of upward movement, the price experienced a downturn and stabilized around the 2.4 level.
Currently, a descending triangle shape has emerged, with the resistance of the pattern being breached. This development signals the dominance of the buyers, leading me to anticipate further upward movement.
# THETA
The price is moving in a downward channel on a 4-hour frame and we have a green support area at the 2.40 level
Now we have a breakout that is about to occur well after bouncing from the green zone
Our RSI indicator has a trend that is about to break to the upside
Entry price is 2.80
First goal 3.06
Second goal 3.40
Third goal 3.80
Bullish Pennant formation on 12H #THETA chart. Currently, it is bouncing off from the weekly support zone. Now it is facing MA50 and the trend line. In case of a successful breakout, targets are:
$3.151
$3.820
Theta Coin is forming a nice triangle formation where the price is pushing towards the lower support zone (no volume yet from bulls).
If all plays are nice, we should see good downward momentum here!
Swallow Team
