THETAUSDT breakout!THETAUSDT (1H CHART) Technical Analysis Update
THETA/USDT currently trading at $9.37
Buy-level: $9.20- $9.40
Stop loss: Below $8.45
Target 1: $9.98
Target 2: $10.60
Target 3: $11.33
Target 4: $12.35
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Theta
🆓Theta Network/USDT Analysis (25/4) #THETA $THETA8.5$ zone is a good zone to start accumulating THETA because it could have a recovery up to 11$ zone in the next few days or even 15$ in May.
However, THETA still has a big change to move down to 7$ zone again or even lower as 5$ so we must know this risk
📅EVENTS
👉Mar 31 : NFT Marketplace
👉Jun 30 : Theta Mainnet 3.0
📈BUY
-Buy: 8.4-8.8$. SL B
-Buy: 10.7-11.3$ if A. SL B
📉SELL
-Sell: 10.7-11.3$. SL if A
-Sell: 14.6-15.4$. SL A
♻️BACK-UP
-Sell: 8.4-8.8$ if B. SL A
-Buy: 6.8-7.2$ if A. SL B
-Buy: 4.8-5.2$ if A. SL B
❓Details
Condition A : "If 12H candle closes ABOVE this zone"
Condition B : "If 12H candle closes BELOW this zone"
THETA/USDT Update: New entry finally triggered. What's next?THETA is one of the best performing coins over the last year.
We finally see some retracement and possible entries.
The streaming industry won't back down and theta is currently the leader in the crypto space in this business.
Short term it is unclear where we are heading since we also have bigger potential for more downwards movement.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
Theta Network (THETA) - April 24Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
----------------------------------
We need to see if we can get support on the 8.78208911-9.87327158 section and get off the downtrend line.
If it falls at the point of 6.59972404, a Stop Loss is required to preserve profit and loss.
In order to turn to an uptrend, it must rise above the 11.22403904 point to gain support.
--------------------------------------
(THETABTC 1D Chart)
We have to see if we can gain support and ascend in the 17437 Satoshi-19486 Satoshi section.
If it falls at the Satoshi branch, 13341 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 represents 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)
Digibyte is about to 3x (theta-like run eminent)After following theta's mega-run over the past few months, I decided to take a glance at the chart. Lo and behold, there appears to be some stunning similarities when compared to Digibyte.
This little fractal may be indicating that Digibyte is about to follow theta's moves and do a theta-like run up to around 50 cents.
Yes, 50 cents.
Additionally, Digibyte is so undervalued that its market cap 50 cents would still be well under $10 billion. In other words there is a lot of room to grow. I expect Digibyte to be trading for up to $2-$3 at some point during this market cycle.
Stay tuned.
Keep an eye on trading volume as well. The 24 hour trading volume on Digibyte is currently sitting close to 50% of its total market cap...Something to think about...
(not financial advice ;)
THETA is a very excellent cryptographic. Walking in the FIBOTechnical analysis regarding the price of THETA NETWORK in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
$THETA broke out of 3 weeks consolidation, what now? Theta coin has made an impulsive move to the upside and broke out of its 24 days long consolidation between 11 and 13.5, and it's currently retesting the breakout as new support. This is healthy price action and provides us with an objective entry anticipating more upside. It is also supported by a few indicators.
Pros:
- Broke out of consolidation box between 11 and 13.5, now bouncing as support.
- 4hrs bullish divergence. Price made high low when RSI made a lower low.
- It's currently making a bullish wedge after a successful breakout.
Cons:
- Could be a false breakout, with volume significantly decreasing afterward.
- We haven't confirmed the breakout of this bullish wedge yet.
Entries:
- Aggressive buyers could choose to enter now between 12.8 - 13.8.
- Conservative buyers should enter as the price breaks the falling wedge at 13.8.
- The trade is a 3.2 R/R trade indicated on the graph.
Personal PT: 16.51 / 17.48 / 20.28 (unlikely in short term)
Personal SL: 11.8
If you find this helpful please give a thumbs-up and good luck trading!
THETA.USDT (Y21.P2.E4).Next phase to startHi All,
The story continues, both Theta and LINK are 2 I have interest in for potential.
BNB is done, profits circulated to other coins and these 2 are likely the ones.
Observations:
Here we have price hitting 1st local target of the 0.618 fib level, with a strong rejection
Next will be the main target of 1 fib level. as it pauses up along the next fib level of 0.5 and again, 0.618.
The retest on the daily resistance is complete or almost complete.
Time to go long.
Target levels
s3.tradingview.com
All the best,
S.SAri
$ THETA vs Usdt in 1d. 17 April
Theta presents a ascendant wedge in which it can have a peak of euphoria that brings the price to 20$ however, the price can quickly return to the average price of the wedge that is in the 11.5$
Probability 1. Fall to $ 10 and return to $ 11.40 - $12.45 continuing with the consolidation process at those prices.
Probability 2. Go up to the price of 7.60$, consolidate at $ 7.1 at $ 8.0 and then go up to $ 9.5 - $ 11.0
Probability 3. Not being able to do a consolidation process between $ 8.5 and $ 10 and quickly falls to $ 5.9 to $ 6.5 to try a consolidation process at those prices.