Theta
URGENT UPDATE: The Best Triangle in the WORLD - A $THETA storySince I first drew the triangle in early October of 2021, my email box has been deadened with fan mail. Legions around the globe have deemed this triangle to be the "best triangle in the world". I am not sure about that! But it sure is interesting. Here is an update with current price action. Notice how $THETA constantly respects this triangle that it has now broken from.
The triangle begins at the top wick of the April pump, and continues to extend a near perfect right triangle all through 2021, catalyzing in a fake break out > retest > pump > failed retest that resulted in a hard wick down to bottom support, setting up for the momentum to overtake the MA, causing $THETA to break up and out of the perfect triangle. It may or may not retest the triangle on more time.
So..where do we go from here? Time will tell... But we are now out of the triangle.
OP: The triangle begins at the top wick of the April pump, and continues to extend a near perfect right triangle all through 2021, catalyzing in a fake break out > retest > pump > failed retest that resulted in a hard wick down to bottom support, setting up for the momentum to overtake the MA, causing $THETA to break up and out of the perfect triangle. It may or may not retest the triangle on more time.
THETA BTC
if it breaks upwards we have officially had a test of the previous ath versus btc.
I keep an eye on green box. If there is a strong reaction in this zone, I open a lung.
Otherwise I'll wait for the rejection at the red box. wait for the switch from bear to bull on the lower timeframes.
Thats it trade safe champs.
Ps; for me it is a strong signal when I come across a morning doji at a support. It's really a strong forcast that bottom has been reached. see circles.
A good currency, Theta AND 175% Profit !A good currency, Theta
It has a good foundation, it is one of the infrastructures needed for the development of Metavers projects that have become very popular these days. (Certainly in 2022 we will hear more about Metawares, blockchain games and NFT).
As you can see in the chart:
- After a 371-day uptrend and 22968% growth, in the last 266 days, it is correcting 69% of its price.
Weekly time frame:
- According to the drawn symmetrical and fundamental triangles and the good market trend at the end of 2021, we can hope for price growth according to the yellow resistance lines drawn from 23% to 175%.
1. Do not forget capital management.
2. Do not forget to risk management to Reward.
Good Lock.
THETA THETA is a lovely project focusing on decentralized streaming.
As the price goes, as low as 3.80 can be met technically. Need a bullish candle pattern to confirm the start of the trend but I never chase the bottom. As in probability, this has a better chance on upside the way I see it.
These prices seem to be good levels for accumulating and my targets for next alt bull cycle are in the chart.
Theta coin formed bullish Gartley for upto 190.5% rallyHi dear friends, hope you are well and welcome to the new trade setup of Theta coin.
Previously we had a nice trade of THETA:
Now on a weekly time frame, theta has formed a bullish Gartley pattern. There is also 100 simple moving average support in buying zone.
THETAUSDT - your turn to break it out?BYBIT:THETAUSDT
1H trend chart
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THETA is going to take out its downtrend line on 1H
If price can break it out without long upper shadow line, trading strategy as below.
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Profit Targets:
a) 5.236----Fib(1)
b) 5.531~5.650----Fib(1.272~1.382)
c) 5.905----Fib(1.618)
d) 6.349----Fib(2)
Stop losses:
a) 4.660-----Red horizontal ray
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or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
THETA - Watch These Levels...At the start of the year, we saw a beautiful impulse which pushed Theta up over 2000%. We have been stuck in a correction ever since but it appears we may see the end of the correction very soon.
We have 2 key areas which we are looking at.
First area: $3.60
We have the recent lows and the 78.6 fibonacci
Second area: $2 to $2.60
In this area we have the correction support.
Trade idea:
- watch for bullish price action at either of these 2 levels
- enter with stops below the reversal area
- Target $16 as first target and $20 for second target.
Please make sure to use alerts so that you can monitor when its close to reversal!
Goodluck.