Theta
THETA on its way back to $ 15 quite possibly in 4 hours. 03 MayTheta technically fights now with the resistance at $ 12. If you exceed it we can have daily candle 5% to 15% towards your next goal is 13.5$
Probability 1. (50% occurrence): Consolidation between $11.4 to $ 12 to break the resistance of $ 12.5k - $13.5k in the next hours or weeks
Probability 2. (25% occurrence): break the last resistance in 4 hours of $ 13.5 and go up to $ 14.5 - $ 15 while maintaining the price
Probability 3. (25% occurrence): Fall sharply and quickly to $ 10.45 and if Theta fails to consolidate at this price, the next drop is to $ 9.5 or $10
Analysis: Check Tfuel Fundmentals nobody here is talking about If you were to invest or trade in Tfuel or any market for that matter, you should understand the company or project in which your investment would be tied. I have seen a whole lot of chart analysis here, but I have not seen a project analysis, that is what I want to address to give you a better idea of what Tfuel and Theta are all about.
Theta Labs (Tfuel /Theta) Project
The goal of the Theta Labs project is to create an environment where they can harness the power of end-users / investors computational and broadband resources to plug demands in the technology sector's ever-growing needs. They are actively achieving this now, whether you know it or not, by incentivizing users to buy, own and stake both Theta and Tfuel.
The initial focus was in the Gaming/Streaming sector but has exploded to include so much more. This includes video platforms, computational projects like Folding@Home, and the NFT marketplace to name a few.
The Eco-System for Tfuel
Tfuel is the gas for the network, the currency to keep things flowing through the pipes if you will. Theta Labs will be minting 4% new Tfuel each year to pay users who run Edge Nodes or simply watch Theta compliant videos. What an Edge Node is, is the exact thing the network needs to do computational jobs, such as Folding@home or video transcoding. Those platforms that enable the Theta network for video streaming, will be turning the watchers into broadband sharers and pay them Tfuel for doing so.
The platforms will buy Tfuel from the network and pay that out to Edge Nodes for completing jobs, and watchers for helping deliver the content. This is an expense these platforms already expect as the current standard fees go to CDN's (Content Delivery Networks). What is exciting about using users instead of CDN's is it incentivizes users to watch longer, and find streams/videos in which have Theta technology-enabled. A buzzword in the industry... user retention. On top of this, the concept is not only proven but working as we speak. What's more, for the platforms the cost to run on the Theta Network will lower their cost over the traditional CDN's. The end-user in turn can sell their Tfuel back to the environment completing the circuit.
What looking at a chart won't tell you
It can be easy to get lost in the nuances of a chart. The moving averages, the positive or negative candlesticks, and all the emerging patterns. What is the most important thing about Tfuel and to a degree Theta is the Upcoming launch of Mainnet 3.0. This is coming on June 30th. What is going to happen with Mainnet 3.0 is users will be able to stake (invest) their existing Tfuel (min. 10k) into their Edge Node. The network pays these stakes a percentage based on their existing stake amount and the total amount staked to the network. These users are putting their Tfuel into the pipes to get things going and being rewarded for doing so.
The formulas to understand how much you can get for staking Tfuel are already known as they have already been used and proven by the Theta staking. As we sit today May 3rd, 2021 a user staking the minimum of 10,000 Tfuel based on the current total stake of around 12% Tfuel you would yield about 10 Tfuel a day in rewards once Mainnet 3.0 goes live. This amounts to at the current price of $0.38 about $4 a day for a $3800 investment. Yearly RTO $3.80 x 365 = $1387 which is about 47%.
Why is that so good? Because as we sit here today the value of Tfuel is heavily disproportionate to the value of Theta. The Theta Stake rewards are live and paying out today. The Tfuel rewards are not yet here because Mainnet 3.0 has yet to launch. Users staking Tfuel now are doing so only to test the process and only receive a minuscule amount for doing so.
So what is likely to happen?
As you can see there is a tremendous RTO based on the known numbers now for Tfuel. This will not last, because institutional investors are going to figure this out soon enough if they haven't already and are going to make the move into Tfuel. When this happens the value of Tfuel is only going to go up. Possibly hitting $1.20 by June 30th. This also means those who get the minimum Tfuel to stake now, will not only benefit from the Staking rewards, but also the price increase. Taking your $3800 investment to $12,000 whilst still paying you your staking rewards now at a higher value.
Why am I telling you this?
I have an open-source philosophy. The current world works in a way with which I don't agree with. That is hoarding knowledge for the benefit of self. Yes, I have already made my investment in Tfuel. So perhaps one could argue I only stand to gain. Fair enough, but I also know that there are many out there who haven't yet, and while making this public here does run the risk of also attracting the attention of institutional investors, it also puts the knowledge out there for the little guy, something those investors would not do unless they felt it would mainly benefit themselves.
The last fundamentals to consider
Look at the team! Steven Chen (Co-Founder Youtube before Google). Mitch Liu and Jieyi Long.
3 patents on the technology so far.
Proof of Staking (Theta has been running for a year now)
Corportate investors (Sony/Samsung++)
Large cap corporate sponsors
Low transactions fees
Allows for NFT's
In closing
I am humbled if you took the time to read this. I will be even happier if you take the time to do yourself a favor and learn what the Theta Network is all about. Only then will you appreciate the value of what I have laid out here. The possibility for the little guy to make a difference is right here. Earlier the better.
Go with your gut,
Aired
Theta Network (THETA) - May 3Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(THETAUSD 1D chart)
We must see if we can move above the 11.22403904 point and break off the downtrend line.
If there is a movement above the downtrend line, it is expected to continue the uptrend.
If you fall from the 8.78208911 point, you can touch the 6.75133141 point or less, so you need a Stop Loss to preserve your profit and loss.
However, it may rise along the uptrend line, so careful trading is necessary.
On the CCI-RC indicator, the CCI line fell below 100 points.
It remains to be seen if the CCI line can rise above 100 points.
If the CCI line does not rise above 100 points, there is a possibility that it will turn into a downtrend, so careful trading is necessary.
--------------------------------------
(THETABTC 1D Chart)
We need to see if we can get support at the 19486 Satoshi spot and get off the downtrend line.
In particular, it remains to be seen if it can rise along the uptrend line.
If it falls, we need to make sure we get support in the 17437 Satoshi-19486 Satoshi section.
If it falls at the 13341 Satoshi branch, Stop Loss is needed to preserve profit and loss.
--------------------------------------
It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
THETA and an easy +100% GainTheta currency can grow well given the positive news and good things ahead. The price is currently moving in a long-term channel, which has almost decreased in price from the ceiling of the channel to the midline of its bullish channel.
If the significant support of the mid-channel $ 9 and 38% Fibonacci is maintained, it can be defined as the buyer's loss limit for the $ 22 and $ 26 targets up to the channel ceiling.
If the price breaks below the $ 9 floor, it could drop to at least $ 5.5 to $ 4.5, where it will hit its long-term channel again and could grow significantly. Buying in the $ 10 price range (as close as $ 10) can be good for the medium term.
Due to recent market fluctuations, be sure to maintain losses and capital management in all your transactions.
THETA - Squeeze of the MAsHere we see the daily logarithmic chart showing price has become squeezed by the support of the rising 1D MA50 and the resistance of the declining 1D MA20. Meanwhile the LMACD has converged to zero and is looking to cross bullish.
Which way will it break? Is it toward infinity and beyond, or a steep and sharp final capitulation?
Either the bottom is in, or there is one final leg down. Tell me what you think.
THETAUSDT Good BUY!THETAUSDT (2H Chart) Technical Analysis Update
Resistance line breakout
THETA/USDT currently trading at $11.35
Buy-level: Above $11.50 (only buy if 1h candle close above 11.50$)
Stop loss: $10.30
Target 1: $11.90
Target 2: $12.50
Target 3: $13.00
Target 4: $13.90
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
THETAUSD Strong long-term buy signalPattern: Channel Up on 1D.
Signal: Buy as the price rebounded within the 1D MA50 (blue trend-line) MA100 (green trend-line) zone, which has been the strongest buy signal since June 2020. Confirmation when the LMACD forms a Bullish Cross.
Target: 115.000 (just below the 3.5 Fib extension and the 1.5 Fib level of the Channel).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> EBITDAtiger
--------------------------------------------------------------------------------------------------------
THETA Coin Breaks Above 50-EMA, Going To Hit $14.55THETA coin price traded at $10.96 with a loss of 3.60% in the last 24-hour and 8.98% up in the weekly time frame. Furthermore, THETA coin price bounced from the support of $8.15. In contrast, the market capitalization stands at $369 million. Technically, investors can perceive a positive crossover in the EMA, and the price is above the 55-EMA. RSI index showcases an upward slope. Moreover, the price movement can be towards the resistance of $14.55 in future trading sessions.
Resistance: $14.55
Support: $8.15