THETA/USDT managed to push down towards the $1.50 level a couple of days ago. After a sharp rebound in the price of Bitcoin, THETA is on its way to recover some lost ground.
Momentarily, THETA broke-out of the pennant on the upside and manageed to beat the $2 resistance, signaling a new upward move.
I've marked two areas of resistance, R1 and R2, where I expect...
Right now, Theta is finding a bottom throughout her resistance phase. Speculatively, Theta will reach $4 - 4.03 on June 21, 2021 or before June 21, 2021. This excludes FA and the unknowns related to the project. We are watching our 4H and W charts and place
longs around 1.45- 1.89 LO with TPs around 3.90 with trailing at .5 %.
my play, buy at 1.75 if it breaks down, sell the retest. Most times it will retest.
my play , buy at 1.75 sell 2.5 double top for pull back to 2.20
See the wedge playing out, next week it will end, and a move will happen, even sooner, wedged dont have to play out to end, normally at the last 30%
Theta has had a great 2020 and experienced its biggest dollar term break-out in mid-December 2020. Bitcoin is currently recovering after a big pullback, all eyes are on grandpa. Theta is finding itself in a descending triangle, for a short period the price broke down all the way to the distribution level of the previous descending triangle. The price quickly come...
THETAUSDT - It seems like in 5th wave up. stay bullish in pull back with stop level below 1.46123 for target above 2.50.
Give thumbs up if you really like the trade idea.
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
THETA has retraced over 40% since it's ATH, giving us a potential position for new growth!
Very strong confluence of indicators here... From the Top:
CLEAR bullish ABCD pattern
RSI oversold with confirmation from volatility this is a likely bottom
MACD downtrend appears to be ending.
TD9 red sequence just finished. with the current candle being our zero...
Ideal scenario - btc ranges for some days/a week and gives alts some space...
IMO this is a shakeout rn and once we're back above horizontal support, this should look good :)
