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Theta

THETAUSDTDOUBLE TOP PRICE ACTION This chart pattern starts forming with bulls already in control of the exchange rate's uptrend. Bears make a stand at a certain rate that will be tested exactly twice before they are finally able to reverse direction, and the exchange rate starts a downtrend. Let's break down the pattern formation! In an uptrend, price action finds the first resistance (1), which will be the horizontal resistance for the rest of the pattern formation. Price action reverses direction from the first resistance (1) and goes downwards till it finds support (2), which will be the only low in the pattern. Price action reverses direction from support (2) and goes upwards, till it finds the second resistance (3), which will be around the same rate of the first resistance (1) The pattern is completed when price action reverses direction from the second resistance (3) and goes downwards till it breaks the pattern's lower border at point (4) Entry: after breaking the pattern's lower border at point (4), either with an entry after the breakout, or after a possible retest of the lower border. Take profit: identified by measuring the vertical distance between the pattern's upper and lower borders, that measurement is then applied from the breakout rate (4) Stop loss: the pattern's lower border, which is identified by point (2)
Short
by Adam-Robinson
Theta Network (THETA) - June 27Hello? Traders, nice to meet you. Follow to get new information quickly at any time. Please click "Like" as well. Have a great day today. ------------------------------------- (THETAUSD 1W Chart) Because the wave is not completed, you can see the supporting section. However, if the price is maintained above 4.33578821, it is expected to continue the upward trend. (1D Chart) We need to see if we can keep the price at 6.59972404-8.78208911 and get out of the downward trend. If it falls at 6.59972404, Stop Loss is needed to preserve profit and loss. However, careful trading is required because it can rise along the rising trend line. --------------------------------- (THETABTC 1W Chart) We need to see if we can continue the upward trend with support from 18665 Satoshi-20984 Satoshi section. (1D Chart) We have to see if we can continue to rise along the upward trend line. If it falls, make sure it is supported by the Satoshi section 17437-19486 Satoshi section. If it falls from the 17437 Satoshi branch, Stop Loss is needed to preserve profit and loss. ------------------------------------------ It's better to make a deal that matches your average unit price. This is because if the price is below the average unit price, which has been on the rise and falling trend, there is a high possibility that the psychological burden will not make a big profit. The center of all transactions starts with the average unit price at which you start trading. If you ignore this, you can proceed with the transaction in the wrong direction. Therefore, it is important to find a way to lower the average unit price and control the portion of the investment, ultimately allowing the funds to generate revenue on their own. --------------------------------------------------------------------------------------------- ** All indicators are posterior indicators. Therefore, you should be aware that the indicators move according to the price and volume of transactions. I'm just talking upside down for an interpretation of the indicators for convenience. ** The wRSI_SR indicator is an indicator created by adding settings and options from an existing Stochastic RSI indicator. Therefore, the analysis is the same as the existing Stochastic RSI indicator. (K, D wires -> R, S wires) ** The OBV indicator was re-created by applying the expression DepthHouse Tracking, which is an indicator released by oh92. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee gains or losses on investment. Abbreviation description shown in chart R: A point or section of resistance that requires a response to preserve revenue. S-L : Stop Loss Point or Section S: Points or intervals that can be purchased to generate revenue from support points or intervals (Short-term Stop Loss is a point where a split transaction can preserve gains or losses or further entry. It's a short-term investment perspective.) GAP refers to the difference in prices that occurred when closed because the stock market, CME, and BAKT exchanges do not trade 24 hours a day. G1: Closing price when closed. G2: Poetry at the opening. (e.g.) Gap (G1-G2)
BINANCE:THETAUSD
by readCrypto
Theta And TFUEL | Watch Out For Another BreakoutHey dear friends, hope you are well, and welcome to the new update on Theta and Tfuel coins. Release of Mainnet 3.0: only 7 days are left in the release of Theta Mainnet 3.0 and we have already seen that Tfuel has broken out the resistance and rallied beyond $0.60 but Theta coin is still moving in a down channel and could break out the resistance so far. Market crash and completion of bullish harmonic moves: Yesterday there was a complete market crash and all the cryptocurrencies were moving down. Theta and Tfuel both also followed the market trend, but while moving down both cryptocurrencies completed the bullish harmonic moves. The Theta formed a bullish BAT and Tfuel formed a bullish Shark pattern. Shark move of Tfuel: Bullish BAT move of Theta: Tfuel re-tested the resistance as support: The price action of Tfuel found a strong resistance after 13th March. Finally, the priceline broke out this resistance in the month of June. After that, it has re-tested this previous resistance as support three times. But this support is very strong and is not broken down even after several attempts. Every time when the Theta fuel moves to the upside from the support, it is getting rejected again and again by the $0.60 resistance level. Now after the recent bounce from the support we can expect that the price action of the Tfuel can make another attempt to break out the resistance of $0.60. Theta has reached the support of down channel: On the daily timeframe chart, the price action of the Theta coin has formed a down channel. The formation of this channel was started in the month of March 2021. The price action of Theta is moving between the resistance and the support of this channel very well. Now recently the price action is getting bounced by the support and we can expect that while the Tfuel is moving up to hit the $0.60 resistance at the same time the Theta can also make another attempt to break the resistance of this channel. Conclusion: The price actions of Theta and Tfuel both coins have formed the bullish harmonic moves at the same time. Whilst the price actions of both cryptocurrencies are at the strong supports. Therefore, this time this bullish bounce can lead them to break out the next resistance levels.
Long
by moon333
THETA - Correction Before Major UpgradeAnalysis: - Fibonacci Retracement - Support & Resistance - Order Block Flow Analysis - Market Structure Target: $2.01 Opinion: If you go to Theta's website they have a timer counting down to their Mainnet 3.0 Launch in 20 Days! I believe they will make another drop before this news is announced to wash out the paper hands Once they are done correcting I will be looking for buys and I will do a follow up bullish markup If you haven't done your research on this coin, I highly recommend you do :) This is top 3 on my list for sure and I am so glad I am able to buy at discounted prices Accumulate Accumulate Accumulate
Short
by Crypto_Master100
25
THETABTC Potential Long @ 0.00024000THETABTC Potential Long @ 0.00024000, upon successful retest of the 200MAs with strong candlestick and volume confirmation. Hi guys, this is OG back with another cryptocurrency update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Check out my technical analysis videos for more in-depth analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
Long
by cryptotraderog
2
Theta Cup & Handle patternBullish cup and handle patters are one of my favorite. They incorporate the two most successful patterns your statistically trade in your trading careers. The premise behind a cup and pattern is the rounded bottom gains the momentum of the move, once the momentum brings the price action back up to the price where the decline of the selling pressure began, the investors who bought “paper hands” sell at break even which pushed the price action down again while smart investors see the potential of the momentum in price action and start loading up their bags. This then creates a bull flag. Once the price action comes to the lip of the cup and breaks past, the price target heads to double the height of the cup from bottom to top. The best place place to put your stop loss beneath the cups handle. Keep in mind that the entry point is when the lip of the cup starts to break out!! This is very important! You can also play it safer and wait until the breakout comes back to retest the top of the cup flipping the resistance of the cup into support. This is the safest entry point as you know now that you have a support line. It is smart to move you stop loss to break even once the price action gets about one and a half cup sized up, then you’d place your stop loss at the lip of the cup. Here are the price targets and stop losses for this setup on theta! Stop loss: $7.34 Entry:$9.964 Target: $14.95
Long
by Savvythe1
4