THETA - Watch These Fib Levels 🤓Theta has been respecting the fibonacci levels really well for the past 6 months.
We can see an impulse down and then a clear correction which then rejects off one of the fibonacci levels.
We are now in an ascending ABC correction and testing the 50 fibonacci. We may fall from here or we might just push up a little more to hit the 61.8 fibonacci before dropping.
Targetting the recent lows of 3.500.
Theta
Theta must fly on the next few weeksHere we can see tha we are stuck in the poc with low volume and many uncertanty because of 6 months o lateralization. On chart we can easily spot a huge and beautiful triangule that if it breaks out it will probably go to Ath. My actual target is at least 0.78 in fib extensison taking Theta to 14.37 usdt.
THETAUSDT Update⏳ Spot
💎 THETAUSDT has been moving along the Ascending channel. As we see the large green candle indicates that the bulls are in control now and we expect a bullish move
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🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at 6.250
☕️ TP1 7.540
🍺 TP2 8.550
🍻 TP3 12.380
🍾 TP4 ______
🍷 TP5 ______
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 5.520
Good Luck 🎲
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💡Don't miss the great buy opportunity in THETAUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (6.258).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. THETAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 6.791
TP2= @ 7.028
TP3= @ 7.437
TP4= @ 8.141
TP5= @ 9.543
SL= Break below S2
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💡Don't miss the great buy opportunity in THETAUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (6.258).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. THETAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 6.791
TP2= @ 7.028
TP3= @ 7.437
TP4= @ 8.141
TP5= @ 9.543
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
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💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
THETA forming H/S structureTheta forming head and shoulder structure + there are multiple pivot high which is the sign of liquidity for market makers and big guys.
Above each high is stoploss so price can shoot through these highs.
Stop bellow impulse candle and tp at least 1:1 , 1:1,5 and trailing...
Good luck
THEATUSDT : Are you ready to be H&S pattern ?
Finally ,it broke out the short term downtrend and the short term TP1 is 7.0135
If it can break out the neckline ,trading strategy as below
TP2:7.653
TP3:7.912
TP4:8.190
If you like this analysis, give it a like or share your thought or let me know what crypto TA you want to know.
Bitcoin follows the beat of its own drum! - VLOG #60BTC making me look like a clown!
Been a while since my last VLOG. Bitcoin has been wiping the floor with me, i had a call for top at 53k and BTC just destroyed me lmao.
Despite BTC breaking every bit of TA you can throw at it, breaking out of a descending triangle to the upside?!?!... despite that this is actually the most I've traded so far this year.
Important to be flexible with your bias, there have been good triggers for longs here, and even if I think its fookin whack that BTC breaks 50k, if it does it does and I gotta long! No choice!
Today I also took a look at LSS / STEP / THETA and RUNE
Spent some time reviewing LSS, was criminally undervalued and got a great correction. Seeing similar patterns to LSS across the alt space right now with HTF descending upper trend lines that are squeezing against major support.
PREDICTION = Could see a flush to below 60k soon, id love to see chop here and give alts a chance to moon.
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
2:00 = BTC doing the impossible
5:00 = Flipping bias
6:00 = Clear graph, fresh look
9:00 = BTC 1 weekly
9:30 = Terrible steak analogies
11:30 = LSS - Lossless - LSSUSDT
13:40 = LSS fundamentals
16:40 = STEP - STEP finance - STEPUSDT
18:05 = THETA
19:10 = RUNE
19:30 = Closing words
------------------
NOT FINANCIAL ADVICE, please don't trade off solely my ideas. Always do your own TA and develop your own convictions.
THETAUSDT - Buy after stand firm here!BYBIT:THETAUSDT
1H trend chart
-
THETA just broke out and retested the short-term downtrend line(orange line)
Also broke out the long-term downtrend line.
Now, a triangle is forming from the blue horizontal ray and uptrend line.
If price can stand firm at 6.434(blue ray) or 6.147(Fib_0.618) , trading strategy as below.
-
Profit Targets:
a) 7.068----Fib(1)
b) 7.724~7.798---Fib(1.272~1.382)
c)9.479-----Fib(2)
Stop losses:
a) will provide it later
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
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 | Theta TokenEntry Point : 6 & 6.1 & 6.2
TP 1 :- 7$
TP 2 :- 9$
TP 3 :- 12$
TP 4 :- 15$
For Hold : 25$
Remember Risk Management ;) and its for long-term
The Theta blockchain is the only end-to-end infrastructure for decentralized video streaming and delivery that provides both technical and economic solutions.
You Can Buy Now...
Theta Network (THETA) - October 21Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(THETAUSD 1W Chart) - Mid-Long-Term Perspective
Above the 1.9172981 point: the uptrend expected to continue
Above 4.3357882 point: Expected to create a new wave.
(1D chart)
First resistance zone: near 6.4637041
Second resistance section: 8.6007292-9.6692416
Support section: 3.2581665-4.3266790
We need to break above the first resistance zone and see if we can find support above the 6.9164138 point.
If not, you need to check whether the price is maintained in the range 4.3266790-6.4637041.
If the price declines from the support zone, a short-term Stop Loss is required as further declines may occur.
However, it may touch near the 1.9172981 point and rebound, so you should think about how to react.
To accelerate the uptrend, it needs to rise above the second resistance section.
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(THETABTC 1W Chart) - Mid-Long-Term Perspective
Above the 0.0000405-0.0000523 section: expected to continue uptrend
(1D chart)
Resistance section: near point 0.0001237
Support period: 0.0000671-0.0000860
If you look at the chart of the BTC market, you can see to some extent whether the price can rise when the BTC price moves sideways after it rises.
When the BTC price rises, the price of the tokens traded in the BTC market naturally decreases.
However, tokens that show support in a certain section of the BTC market token price or show an upward trend are more likely to show a sharp rise when the BTC price moves sideways.
If you look at the THETABTC 1D chart from this point of view, it is maintaining a downtrend, so when the altcoin bull market starts, there is a high probability that the price will rise in the second order.
Among the indicators used in my chart, there are indicators that can confirm the trend, but I think that by checking the chart of the BTC market like this, you can see the trend more accurately.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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.)