Theta
Upward trend this week?Hello to all members of TradingView and my followers.
THETA is trading in the support range of $1.08 to $1.190 for this week. This chart should consider that the downward trend line inside the channel has broken upwards, and the price has pulled back on this trend line. But as long as the resistance in the $1.24 range is not broken, there will be no possibility of an upward trend this week. On the daily time frame, the price has formed a range channel at the bottom of the channel, and given the price reaction on both sides, there is potential for this range to continue for the current week.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
Theta Network 111%+ Potential Target MappedTheta Network (THETABTC) did not produce a lower low on 13-June, instead it happened earlier, signaling that this is one of the strong pairs.
We can see THETABTC already trading above EMA100;
Also strong above EMA50.
This pair can easily continue growing.
Note: On a drop/flash crash, the low set at 0.00003718 will work as support.
As long as this level holds -(THETABTC) stays above it- we are bullish.
Below this level things can change.
This is not financial advice.
Thanks a lot for your amazing and continued support.
Namaste.
$NKE Iron Condor IdeaAfter being struck down -7% post ER and general weak market, I like the idea of selling puts on NKE via an Iron Condor (bull put spread and bear call spread).
With a demand zone 95-100 area, I opened 2x position 100/95p bull spread and 1x position 125/130c bear spreads with another 1x to be added on next green week ( assuming we get one) to capture better call premium .
Opex a few months out will give this trade idea time to work and capture more premium.
If you're more bearish than I on this name, an idea would be to adjust the calls closer to the underlying , say 110/115, however after today's purge I favor the probability on the upside hence the 2x put spread
Iron condors are nice because you can adjust the position as the stock moves (adding more legs, etc. ) with the trade making max profit if Nike is between 100 and 125 in the coming months.
Cheers
THETA: BREAKOUT, RETEST, AND BOUNCE. EXPECTING 20% GAIN.THETA/USDT Trade setup:
THETA is recently bouncing back after the breakout and retest. Expecting a 15% to 20% gain soon.
Entry: $1.345 to $1.435.
Stop Loss: $1.29
Target: 15% to 20%.
Leverage: 5x to 10x.
Note: Accumulate the dip and use low leverage.
50% Crashes below the 2 year Moving Average for #BTC Have been end of bear cycles events --- ignoring the CV19 crash which was a correlation 1 event.
It could be an extremely profitable 6 months putting new capital to work in the #Crypto space.
Creating a shopping list of coins that will outperform should be your main priority these coming months.
#ETH
#HEX
#LTC
#THETA
#BNB
Theta Network (THETA) - June 21hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(THETAUSDT 1W Chart)
An important key is whether it can be supported by rising above the 1.460-1890 section.
(1D chart)
It is important to be able to support and rise in the 1.210-1.460 section.
If it falls below 1.210, there is a possibility that it will move down to around 0.589.
If the 1.460-1.890 section is supported and is supported, it is likely to lead to further upside.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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THETA - beautiful channelingQuick writeup
We can clearly see how THETA respects channels it's in. Last 5th wave still awaits. Is this the start? Unclear. If you want confirmation, wait for the price to break the upper border of the channel.
EW basics on chart:
- 5 waves
- alternation law: one correction is flat, the other is zigzag
- zigzag is a deeper one
THETA/USDT BUYING SETUP (SWING)Buying #THETA/USDT (SWING)
$THETA rejected after hit resistance IHNS trendline and back retest to fresh demand 1H timeframe . we can see any big buy volume after hit fresh demand , so very potential breakout the IHNS trendline and continue upward movement
IHNS still valid if THETA not breakdown support left or right shoulders
Buy zone : 1.365 - 1.25 - 1.2
Target : 1.43 - 1.5 - 1.597 - 1.710 - 1.9
Stop : 1.1
THETA - How tight is your grip?As I had mentioned in my previos idea here: you really have to buckle up and hold tight for this bumpy ride - and boy this one is bumpy.
In my update from a day ago on the idea above I had mentioned my buy order around 1,79$ (demand zone and purple support level) and it got executed - so I am actually happy about this. You can see how the price touched the purple level (weekly) and then got rejected.
So what's next? Well unfortunately the price moves are heavily correlating to $BTC - so we will watch closely what $BTC will do - and it does not look like the end of it, when you look at the weekly and monthly volume with the price decline.
The good news for $THETA on the other hand is that even though price does decline, so does volume (weekly/monthly). So I am not worried and since I believe in the product itself and see intrinsic value in it, I will wait for calmer times.
Make sure to keep enough cash in your account to accumulate and average down when you find a product/stock/cryptocoin you believe in.
For reasons of transparency: I am invested with 1/2 of my account size in $THETA and keep 1/2 as buffer cash to buy dips.
Stay healthy!
THETA TOKEN weekly chart future outlook over the next 483 days?THETA weekly chart: as we continue to finalize
the bottom of the market, which we are there
or very very close in my opinion, we have this
projection of price action in the next 483 days.
This senario is very similar with other digital
assets from years ago and played out...lets just
keep our eyes on the chart and what the RSI,
trendlines and Fibonocci extentions give us...