Thena: Simply Bullish (555% Potential)It is no longer necessary to proof that the bottom is in for the Altcoins market, this is clearly confirmed as it happened a while ago, more than three weeks ago.
Here, on the THEUSDT (Thena) chart, it can be seen as a low hit 3-February. With a higher low hit Tuesday (25-Feb), this pair is turning green.
This is easy, simple but bullish.
The blue line on the chart marks the downtrend. A descending trendline. As soon as the action moves above this line the downtrend is confirmed broken. The market bias changes from bearish to bullish. THEUSDT is now in the bullish zone with bullish potential. The higher low reinforces this notion/signal.
Notice how after the 12-February bullish breakout there are three reactions on the same down-trendline that was once a strong resistance. Resistance turned support. This trendline was tested and it holds. Now that it holds prices can easily move up. It is still early though.
Another signal comes from the 0.148 Fib. extension level. The action is moving above this level today. A close above this level further strengthens a bullish case.
Finally, we have EMA13, the orange line on the chart. Once the day closes above it bullish tendencies are confirmed. Simple, yet bullish.
We have two targets mainly based on the short- and mid-term. One target goes for 325% and the next one goes for 555%.
Patience is key.
Buy and hold.
The Altcoins market is bullish now.
Thank you for reading.
Namaste.
Thena
New Thena project from Binance!Thena reminds me of Lista, which was also made for pumping Binance bags. So far it's only 130 million capitalization, but knowing Binance, it will easily grow into 1 billion! I expect a Thena partnership with one of the market makers soon. So far, I haven't detected any MM presence... TVL is also good, I would expect a price around 7$ per coin, this just correlates with the thought of 1 billion, and also technically fits well with the chart technicals.
Horban Brothers.
THENA COIN PRICE ANALYSIS AND NEXT POSSIBLE TRADE SETUP !!TSX:THE Coin Update!!
• currently Price holding golden Fib key level but i am not expecting bounce back from her... Still if its break trendline and you get confirmation for trade then use low fund and low leverage✅
• On the other hand i think pottential trade setup will be find when price at 2.30$-2.20$
Warning : That's just my analysis not a trade execution ... #DYOR Before follow me 🚨
THENA-USDT 15min Great VOLATILITYTHENA-USDT -
First strategic tests with the bot, offered spectacular results of 20% profit with "ALL" trades in positive (24h).
We continue working on the small problems that have arisen, but for a diamond to become brilliant, the edges must be polished :)
Thank you!
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THENA-USDT 15min Great VOLATILITY
Its price has increased by +260% in just one day
The rise has been incredible throughout the day, but at some point it will be necessary to correct, so there is a great opportunity to go SHORT if the market allows it.
I was doing SHORTS with EMA CROSS: 1min - 3 min - 5min.
Another possibility is to wait for the falls to go LONG.
Whatever the case, this volatility allows us to position ourselves and seek profits in very short time frames.
Either of the 2 is good as long as you know how to catch waves.
Protect your investors with SL and have very good luck with your decisions.
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I share with you my technical analysis assessments on certain values that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, educate yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)