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Theta

Upward Trend Faces Crucial ResistanceOver the past month, THETA has been on an upward trend, with persistent efforts from buyers to sustain this positive momentum. Initially, there was a negative reaction when facing resistance at the $0.77-$0.81 range. However, this resistance level has now transformed into a short-term support level. It's essential to note that there is a more significant and crucial resistance ahead at the current price range is $0.86 level. Should the short-term upward trend line be breached, it could signal a negative development, leading to a potential decrease in the currency's value and a return to lower support levels. A relevant factor to consider is the Relative Strength Index (RSI) indicator on the chart, which is currently at 53 in the daily timeframe. This indicates that the market is not oversold or overbought but is somewhat balanced. In case the mentioned support level is broken, the next support range to watch for would be at $0.71. This particular area might hold the potential for a positive reaction and could be a crucial level to monitor for potential market movements.
by MonoCoinSignal
8
THETA/BTC - Theta Network: Resistance_Breakout_Confirmation◳◱ An impressive Resistance Breakout and Confirmation has been detected on the MYX:THETA / CRYPTOCAP:BTC chart. The price has surged above a key resistance level, accompanied by a compelling candle pattern, thereby signifying a promising bullish trend. Notable resistance levels can be pinpointed at 0.0000252 | 0.00002652 | 0.00002869, while substantial support zones are identifiable at 0.00002303 | 0.00002218 | 0.00002001. It is highly recommended to seize this opportunity by entering a trade within the present price range of 0.00002546 and setting sights on higher levels of profitability. ◰◲ General info : ▣ Name: Theta Network ▣ Rank: 54 ▣ Exchanges: Binance, Huobipro, Hitbtc ▣ Category/Sector: Media and Entertainment - Content Creation and Distribution ▣ Overview: The Theta Network is a blockchain protocol for improving the process of creating, streaming, and consuming video content online. Theta Tokens are used in the network to incentivize users to act as peers who share redundant or excess computing and bandwidth resources with other peers. In June 2021, Theta Network added NFTs, e.g. trading cards of media celebrities, to the product portfolio. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00002546 ₿ ▣ 24HVol: 9.556 ₿ ▣ 24H Chng: 2.744% ▣ 7-Days Chng: 7.53% ▣ 1-Month Chng: 19.10% ▣ 3-Months Chng: -32.07% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0000252 | 0.00002652 | 0.00002869 ◢ Support: 0.00002303 | 0.00002218 | 0.00002001 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 3.31 ▣ Last 90D: -2.02 ▣ Last 1-Y: -0.11 ▣ Last 3-Y: 0.86 ◲◰ Volatility : ▣ Last 30D: 0.59 ▣ Last 90D: 0.64 ▣ Last 1-Y: 0.78 ▣ Last 3-Y: 1.22 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.35 - Bearish ▣ Reddit sentiment score is 0.42 - Bearish ▣ In-depth THETABTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
The key is whether you can rise with support in the 0.799-0.871 hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (THETAUSDT chart) Looking at the 1M chart, There is a possibility that a full-fledged uptrend will begin only when it rises above 1.127. Looking at the 1W chart, A rise above 1.336 is expected to initiate an uptrend. In order to do so, it is important to be able to sustain the price by rising above 0.764. The Bollinger Bands are contracting, but they are near the bottom, so trading with caution is advised. (1D chart) We need to see if we can keep the price above 0.660-0.714. However, when it is supported and rises in the 0.799-0.871 section, it is a buying season. 1st: 1.127 2nd: 1.336-1.401 Split selling is possible when resistance is received in the first and second sections above. If it falls below 0.660 and is resisted, it may fall to around 0.316, so countermeasures are needed. If you buy because the price is cheap, you may need to wait for a considerable period because you never know when the trend will turn upside down. Therefore, it is best to get a good idea of when prices are starting to rise and start buying near them. To do so, you can look at the 1M, 1W, and 1D charts, identify the corresponding important sections, that is, support and resistance points or sections, and create a trading strategy tailored to your investment period. The 0.799-0.871 section, which is the buying period mentioned above, corresponds to the section where buying is likely to start in that sense. However, in the mid- to long-term, it is when the price rises above 1.336, and in the long-term, when it rises above 1.127, it is the time to buy. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
Theta Network bullish move incoming? 👀 🚀Theta Today Analysis💎 THETA is primed for a bullish surge, as it's currently situated in a high-demand zone and is anticipated to break above the channel. 💎An intriguing observation is that it is maintaining a strong position above the EMA 50. If it manages to close another candle above , it would signal an opportune moment for trading. 💎The Box could see a price bounce-back. If the price breaks below this box, we could anticipate a downward move, with Support -1 and Support -2 serving as potential areas for this downward shift 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
1
⚖️OPTIONS TRADING: What are the Greeks?The Greeks are a set of mathematical measures used in options trading to assess and quantify various factors that influence the price and behavior of options. 📌 VEGA : Vega is a measure of how much an option's premium will change in response to a 1% change in implied volatility. Implied volatility represents the market's expectation of the underlying security's future movement. When implied volatility is high, options tend to be more expensive, and when it is low, options are cheaper. Vega is particularly influential for options with longer expiration dates, as volatility has a greater impact on their prices. As an option approaches expiration, Vega decreases, while it increases as the underlying security moves closer to the strike price. Essentially, Vega is highest when the option is at-the-money and decreases as it goes out-of-the-money or in-the-money. 📌GAMMA Gamma, represents the rate of change between an option's Delta and the price of the underlying asset. Higher Gamma values indicate that even small price changes in the underlying stock or fund can cause significant changes in the option's Delta. At-the-money options have the highest Gamma because their Deltas are most sensitive to underlying price movements. For instance, if XYZ is priced at $100.00 and a XYZ $100.00 call option is considered at-the-money, any price movement in either direction will push the option into either in-the-money or out-of-the-money territory. This high sensitivity to stock movement is reflected in the option's Gamma, making Gamma higher for at-the-money options. 📌THETA Theta represents the theoretical daily decay of an option's premium, assuming all other factors remain constant. As time passes, options gradually lose value, and this loss is known as time value decay. The decay of time value is more significant as the expiration date approaches, particularly for near-the-money options. Theta does not behave linearly; instead, it accelerates as expiration nears. A higher Theta indicates that the option's value will decay more rapidly over time. Short-dated options, especially those near-the-money, tend to have higher Theta because there is greater urgency for the underlying asset to move in a favorable direction before expiration. Theta is negative for long (purchased) positions and positive for short (sold) positions, regardless of whether the option is a call or a put. 📌RHO Rho measures an option's sensitivity to changes in the risk-free interest rate and is expressed as the amount of money the option will gain or lose with a 1% change in interest rates. Changes in interest rates can affect an option's value because they impact the cost of carrying the position over time. This effect is more significant for longer-term options compared to near-term options. Higher stock prices and longer time until expiration generally lead to greater sensitivity to interest rate changes, resulting in higher absolute Rho values. Rho is positive for long calls (the right to buy) and increases with the stock price. It is negative for long puts (the right to sell) and approaches zero as the stock price increases. Rho is positive for short puts (the obligation to buy) and negative for short calls (the obligation to sell). 📌DELTA Delta is a measure that estimates how much an option's value may change with a $1 increase or decrease in the price of the underlying security. Delta values range from -1 to +1, where 0 indicates minimal movement of the option premium relative to changes in the underlying stock price. Delta is positive for long stocks, long calls, and short puts, which are considered bullish strategies. Conversely, Delta is negative for short stocks, short calls, and long puts, which are bearish strategies. A Delta of +1 is assigned to long stock shares, while a Delta of -1 is assigned to short stock shares. An option's Delta can range from -1 to +1, and the closer it is to +1 or -1, the more sensitive the option premium is to changes in the underlying security. 👤 @QuantVue 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
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by QuantVue
9
#THETAUSDT Pullback: A Prelude to a Steep Price Decline💎 Paradisers, let's dive into the weekly chart of #THETAUSDT. Within the descending channel, it continues to validate the long-term downtrend. Last week witnessed #THETA reaching its lowest price since November 2020, marking a new lower low. 💎 Examining the current price action, we see that the weekly closing price has stopped out most buyers while triggering new sell orders. Although the probability of the downtrend persisting remains high, this may not be the optimal selling point. Typically, prices experience a pullback towards strong resistance levels, and in our case, that would be the $0.85 - $0.95 supply zone. As a result, smart bears are likely to await a correction before taking any action. However, we must also remain prepared for a swift drop. 💎 Overall, the downtrend could find support at two key zones: the 161.8% Fibonacci level at $0.33 and the previous supply area at $0.16. Looking at our downside targets, we anticipate a significant decline, possibly ranging from 60% to 80% from the resistance area. While this scenario holds a higher probability, we must not ignore the less likely outcome—a trend reversal to the upside. To initiate an upward movement, #THETA must confidently break above the $1.3 resistance level, supported by substantial volume and a weekly close above this threshold. However, for now, the trend remains heavily bearish. 💎 Stay alert and trade wisely, Paradisers! Your ParadiseTeam 🌴
Short
by MyCryptoParadise
Selling Pressure and Seeks Support Amidst DowntrendTheta has faced significant selling pressure, resulting in the loss of support at various levels. These levels have now turned into resistance, causing the price to decline towards the midline of the descending channel. The main support range for Theta is currently considered to be between $0.760 and $0.780. However, the $0.83 support level has held strong, forming a double bottom pattern at this level and the midline of the channel. If this pattern is confirmed and the upper boundary is broken, we can expect price growth and the end of the correction wave in the weekly timeframe. Price targets are projected at $1, $1.08, $1.13, and $1.18. Breaking the third and fourth resistances, which align with the channel's ceiling, would require significant buying volume. The Relative Strength Index (RSI) is currently at 37, indicating moderate downward momentum for Theta.
by MonoCoinSignal
3
THETAUSDT is getting ready to go burstThis 2W chart reveals many interesting things. Price action has been boring but very telling: the 1$ mark has been rock solid for the past 6 months. If we're indeed at the end of an ABC correction on the 5th Elliot Wave, then 3 important crosses are bound to happen for a new bullrun to start: RSI cross with its MA MACD cross with its signal. The last cross on June of 2021 sentenced the beginning of the corrective phase. I assume that the opposite cross must indicate the opposite scenario Breakthrough of the 1.5$ and resistance. This would be a good entry point, for that would increase significantly the chances of the trendline breakthrough. The volume is low but in my opinion, that has more to do with the 1$ resilience which I think prevented capitulation and with the fact that price has been steadily dropping since its last ATH. With that being said, I expect a new ATH to be reached in the next bull market within the 1.618 and 2.618 extensions, being 25$ the first target. Let's wait and see, but it definitely looks promising. DYOR. Not advice
Long
by Zerkaalo
2