🔥 THETA Triangle BreakoutOver the last few weeks, THETA has seen some incredible returns. After almost hitting $15 a week ago, THETA has seen a period of consolidation. During this period a triangle has formed, which I've drawn on the chart.
As of this morning, the triangle has been broken on the upper side, potentially signaling a new bullish move upwards.
Happy trading!
Theta
THETA with a high chance to pump it upCheck this token THETAUSDT pair. After a big dip yesterday, a bullish triangle is coming on. How do I know that? Just check the triangle below and look that the price is testing more than once at the resistence region (green line above). Yes, 2 times the price was rejected, but each time with low bearish power. So we have high chance the price pump it up until the next resistence. Of course, set ever your Stop Loss and the you Take Profit. Enjoy the analysis!
Theta hit and cleared $12.00. What is next?Well yes. I bought more a little under 12$.
Price action shows developing support after the recent surge.
Wave C is still a possibility for the pattern to complete.
With a symmetrical triangle forming, an ABC correction wave is not necessary.
Limit orders are set from 12$ to 10$.
Let's stack them.
Theta, which way next?I was dead wrong last time about the bull trap. In hindsight, it's because I wanted to get in at a lower price so that's what I was looking for. I ended up having to buy higher but now I have a position. It's a long term hold for me so now it doesn't matter as much whether it goes up or down from here, however it's got to go SOMEWHERE because look at this setup (on log).
Will it go up or down? IDK but it has had such powerful upward momentum that it likely won't go down much if it does, say to around $10.30. And if it goes up, once it clears $12.50 it could spring as high as $25 before having a reversal.
What do you think?
THETA/USDT Prediction AnalysisGood morning to all respected Investors and Traders,
I made a simple analysis for THETA/USDT, THETA would be grow up because THETA is NFT token..
I reckon you guys to entry at my sign and tahe profit at my sign..
Critiques and comments are super appreciated ..
Happy trading y'all..
Good luck!!
PS: This is not financial advisor. Please DYOR before entry the Market
THETA TOKEN: Is the dip over?In this chart I slightly repositioned the FIB retracement to reflect the recent upward movement (started on Mar 20), and to see where the recent dip lies within that.
Theta is recovering beautifully so far in between .5 and .318 fib levels, better than most other coins, I'd say.
I've noticed from the past charts, that Theta often does the opposite of what other coins do. The market goes down, Theta goes up, and wise versa. But it's still important to understand that when our boy Beethoven is making big moves, the rest follow. And while I personally did not expect a dip as wild as this one was, I also overlooked the importance of the news about postponement of Mainnet 3.0 to the end of June.
Here in the chart I applied a generous 16-weeks EMA, and together with the recent dip it looks quite organic and healthy. All in all, all the vitals are good; and unless something crazy happens, I personally do no expect it to go back to the $10 area.
The 4 hour chart looks bullish, with a clear bullish pennant and a consolidation precisely in the middle.
The 1 day chart paints a slightly different picture (so far) with a doji candle (still green though), and an overbought RSI of 82. But when did that stop Theta?
Not a financial advise: While this consolidation looks just like the ones that happened before, preceding the previous rapid upward moves, we may not be out of the water just yet. I'd be on a lookout for rapid pushes through the .318 fib level over the next 2 days, to confirm Theta's intention to go up.
Theta has two resistance lines, good RSI for buy inThis is my first analysis. From my reading it seems THETA is close to breaking the first resistance. Should it break it, it should head to the second. Support levels are slowly increasing with this. I am not giving advice, this is just my personal analysis. Open for feedback, this could be completely wrong!
🆓Theta Network/USDT Analysis (26/3) #THETA $THETATHETA is under a strong selling force and it could be the end of THETA uptrend and THETA will move down to 7$ in early April if losing the 11$ zone.
If there is a buying force at 11$ zone to help it conquering the 13$ zone, it will have a possibility to reach 19$ zone
📅EVENTS
👉Mar 31 : DEX Release
👉Mar 31 : NFT Marketplace
👉Jun 30 : Theta Mainnet 3.0
📈BUY
-Buy: 10.7-11.3$ if A. SL if B
-Buy: 7-7.35$ if A. SL if B
📉SELL
-Sell: 12.7-13.3$. SL if A
-Sell: 10.7-11.3$ if A. SL if A
♻️BACK-UP
-Buy: 12.7-13.3$. SL if B
-Sell: 18.5-19.5$. SL if A
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
THETA 1D Global idea, support and resistance levelsYour attention is the global idea on the THETAUSDT chart
The first shock fact is that THETA paired to the dollar for the year made X420, that is, 42,000%
It hurts when you realize that you took only a small part of the profit from such a potential, but this cannot be changed :)
But we turn off the FOMO effect and continue to analyze the graph soberly.
THETAUSD was merged relatively weak against the background of the fall in BTC, which lasted for several days.
And today a strong buyout of this fall has already begun. These inputs provide a good reason to think that growth can continue.
The maximum allowable correction of the THETAUSDT price that may take place in the coming days is the level of $11.00-11.50
And if the price does not fall below, then you can safely begin to consider a long with upper targets in the $ 18-20 zone.
However, if you have an average or large deposit, the n to agrees our risk management, THETA should not take more than 10-15% into your portfolio.
Of course, the growth potential of another 60-70% beckons to buy more. But the "cold head" suggests that the price of THETAUSDT is now trading near theoretical highs, and the last time the big money bought a coin of about $2 soundly. And the price can again fall into this liquid zone.
The critical level is $10. Below this level, a long and deep correction may begin.
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THETA 32% rally in jeopardy as immense resistance emerge at $14
THETA rallies towards all-time highs following a bounce from key support at $10.
The MACD has a bearish impulse, suggesting that THETA would correct toward the 50 SMA.
THETA is among the few double-digit gainers in the cryptocurrency market. This token has had a tremendously yielding first quarter of 2021. THETA has quickly grown from a less known cryptoasset, making it into the top ten. It has a market cap of $13 billion and is holding the eighth position in the market.
At the time of writing, THETA is exchanging hands at $13.12 after meeting acute resistance at $14. Holding above $13 will ensure that the accrued gains are not lost and guarantee stability in the market. Note that buyers have their eyes glued on $15, the current all-time high.
On the flip side, massive declines are likely to come into the picture if the token fails to hold at $13. Tentative support areas include $12 and the 50 Simple Moving Average (SMA) on the 4-hour chart.
The Moving Average Convergence Divergence appears to validate the correction. This is a momentum oscillator utilized in trading trends but rarely used to identify overbought and oversold conditions.
The indicator manifests on a chart with a couple of trendlines oscillating with no boundaries. Note that the crossover of these two lines is a trading signal resembling that of the moving average system.
It is essential to keep in mind that crossing above the midline (zero line) is regarded as bullish, while crossing below the same line is bearish. Moreover, when the MACD line (blue) crosses above the signal line, it is bullish. On the other hand, the trend tends to flip bearish when the MACD line crosses under the signal line.
Therefore, THETA is most likely to incur losses instead of continuing with the rally in the short-term.
THETA intraday levels
Spot rate: $13.1
Relative change: -0.05
Relative change: -0.2%
Trend: Bullish
Support: 50 SMA on the 4-hour chart
Resistance: $14
Another bull run for THETA, another retracementCrazy last couple days for Theta token!
It smashed through a few ATHs with very little resistance, and, well, it looked SCARY. Looking at its previous moves, and at what other coins do my logic screamed it HAD to retrace. My FOMO made me buy some at the semi-high. Ouch.
So here's some Fib levels. It clearly retraces back to .382, to around $12.8, where it has the strongest support so far. This is a healthy retracement, that I wouldn't be too worried about. I can see the possible H&S pattern unfold in the next day or two, AND it MAY decide to go back down more and test the 0.5. An hourly RSI looks like it can dip more before a period of sideways consolidation.