In my other post about THETA I was looking at the grand overview of things. This idea is more of a short term trade.
I've spotted a beautiful bearish triangle which has been forming since the start of 2021. In my opinion THETA needs to cool down a little after the crazy run up it had at the end of 2020.
I've marked a support line on the chart where I expect the...
THETA has been following this channel since the corona dip. A few days ago THETA hit the upper trend line, starting a new move downward.
With the crypto market being very bullish at the moment, I'm aware this is a risky trade. Therefore my advice would be to keep a tight stop-loss in case things go south.
On the chart I've marked two areas of support, S1 and...
TETHA had a crazy parabolic run doing a 3x!
Now after we broke the parabola in yellow we are taking a breather and forming a descending triangle which suggest a bearish bias. Moreover, MACD is due to cross over in the negative, another bearish signal.
If these are confirmed, then we're very likely to break down the triangle. Do NOT FOMO into this coin, at...
Wondering why we haven't heard from Theta this year with other alts going crazy? has some thinking to do still but i'd bet with the market unless a BTC correction happens anytime soon that it'll be a nice long jump.
notice how price was rejected on the top of the bull flag, i am stil bullish, but allow the chart to prove your direction, not hope. we edging nearer to the major trend line. i think we go up to 3, or 4.5 soon, if not, i am still holding for long term, Theta is too special to sell at these low prices, as it could be a fake out drop, to flush out weak hands.
THETANIC IS GOING FASTER THAN EXPECTED !
JACK AND ROSE ARE ALREADY ON THEIR WAY TO THE TOP OF BOAT !!
You know history, there will be only one last standing on it ! will it be you ???
many things make me bullish here, but markets are crazy right now, keep an eye on this over next 2 days, a good entry already happened at 1.8 fill. So be prepared to sell that if we dip, to look for lower prices at 1.35.
But i am still bullish. If we get a BTC dump, then Theta prob will to, this is my only concern.
THE THETANIC IS STILL SAILING TO HIS BREAK POINT ! JACK AND ROSE CAN TAKE PROFIT UNTIL THIS POINT.
Place a purchase order at 1.75, its the best moove you can do right now !
Hello everyone!
There is a possible double bottom pattern being formed on THETAUSD.
The token is testing an important resistance level at 2.02, so far the resistance stays strong.
The importance of this level is shown on the chart static resistance and the dynamic resistance which once was a support.
For that being said, I highly recommend to long above 2.05 or...
Step 1: check monthly to weekly candle
Step 2: never cut loss but buy more to reduce liquidated price.
Step 3: Margin ratio always green at 6%
Step 4: Wait and patient.
