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
🛤️🔺 THETA Long Spot Trade Setup! 🔺🛤️
📊 Analysis:
Support Area: THETA is currently at a strong support zone, indicating a potential rebound.
Bullish Setup: Favorable setup for a long spot trade.
Upside Potential: Targets set at resistance levels above.
📈 Trade Plan:
Entry: Consider entering in the $2.50 - $2.70 support area.
Take Profit: Aim for profits at...
#THETAUSDT
UPDATE
THETA Is on the way as predicted already in good gain. Now this is making bullish pennant pattern. Here it has maximum Chances we can see gain upto 40%+ soon ✍
The falling wedge pattern has been broken, along with a series of lower highs and lower lows. The formation of a higher high is a positive sign for buyers. On the upside, buyers can target resistance levels at 3.24 and 3.35.
Hello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
💎 Paradisers, direct your focus to #THETAUSDT as it currently charts a significant course in the market. Positioned within a demand zone at $2.6684, it's gearing up for another attempt to breach a formidable resistance level, hinting at a strong potential for a bullish movement.
💎 Delving into the #THETANETWORK market history, we observe its adherence to a...
Hello friends
You can see the theta chart in the daily time frame, it is in an upward trend, which is close to the important and stubborn resistance of 2.29
The THETAUSDT trading pair is demonstrating a 'Round Bottom' corrective formation following the completion of a five-wave decline, as per Elliott Wave Theory.
Anticipation for a continued uptrend is warranted, and attention should be directed towards the buy back zone as a potential entry point for long positions. The profit-taking levels have been specified on...
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. Thats what sidetrends are...
