THETABTC
THETA is currently in a consolidation phaseTHETA is currently in a consolidation phase and trading within a range. The major support zone is between $1.140 - $1.15, and the significant resistance is $1.300 - $1.310. One can use range trading with proper stop-loss until there is no aggressive move from Bitcoin. Additionally, a triangle pattern formation could lead to a setup, so keeping an eye on a breakout is advisable.
$THETA/#BTC [#Theta Network]: Resistance_Breakout_ConfirmationWe've detected a Resistance Breakout and Confirmation on the $THETA / $BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.0000513 | 0.0000548 | 0.0000628 and the major support zones are respectively at 0.0000433 | 0.0000388 | 0.0000308. We may consider entering a trade at the current price zone at 0.0000495 and targetting higher levels.
Technical Metrics :
Current price: 0.0000495
24H Volume: 10.8504 Ƀ
24H Price change: 3.125%
- Pivot Points - Levels :
Resistance: 0.0000513 | 0.0000548 | 0.0000628
Support: 0.0000433 | 0.0000388 | 0.0000308
Indicators recommandation :
Oscillators: NEUTRAL
Moving Averages: STRONG_BUY
Technical Indicators Summary : BUY
- 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!
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THETA IS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the THETA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
We have a hidden divergence in THETA/BTC - short termHello my friends, I saw a hidden divergence between the momentum indicator and the THETABTC price chart, and on the other hand, the indicators are giving bearish signs. The price of this instrument, if an uptrend wants to move forward based on its hidden divergence, will move up to the moving average of the Alligator indicator, but will return again. The overall and longer-term view is that it will continue in the square and neutral trend.
✳️ Theta Token Set To Grow 100%+ vs Bitcoin THETA has an easy path to move upwards with over 100% potential in the coming weeks.
We can see a higher low long-term on this chart, Dec. vs May 2022, and this can lead to a higher high.
This is the THETABTC trading pair.
You can find the targets marked green on the chart while the support levels are marked blue.
Thank you for reading.
Namaste.
Theta coin formed bullish BAT for upto 13% pumpHi dear friends, hope you are well and welcome to the new trade setup of Theta coin with BTC pair.
Previously I shared a long-term trade setup for THETA, which is still in play as below:
Now on a daily time frame, THETA has formed a bullish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
There is a possibility of retesting the resistance!THETA had a range trend during the last week. After the selling pressure, the price of THETA broke the support of the $1 range and pulled back to this resistance, and is still decreasing and moving towards the lower support intended for it. The support is located between $0.765 to $0.590, and if the price hits this area, it can bring a positive reaction. In the daily time frame, we see a correction wave with 38% correction, which considering the price reaction to this range, we can still consider the power of sellers to be higher. Therefore, the minimum we expect is a retest of the previous support level in the range of $0.85.
Also, we can see a range trend in the 4-hour time frame. Before the price continues to fall, there is a possibility of retesting the resistance in the range of $0.95 to $1. Because in the 1-hour time frame, the ascending trend line has broken down, and in the event of divergence, the probability of falling to the supports increases. The additional point is that the current resistance that the price reacted to in the last candles also overlaps with the midline of the descending channel and has great power to push the price back toward the supports.
Theta Token vs Bitcoin | The Basics & BeyondI am seeing some bullish action but still mixed with weakness...
We will have a better picture in a few days and hopefully things will go towards the bulls, but we can't know for sure.
I have to give you the whole picture.
After the June breakout THETABTC technically remains strong.
The correction took prices as low as 0.618 Fib. retracement which is normal and then bounce up... Still just consolidation so it can go in any direction but the bias mid-term remains bullish based on the late June bullish break.
Short-term we have these last 5 days closing green... But still, the signals are mixed.
We are aiming higher though because we go with the chart.
Let's get more technical:
- We are strongly bullish above 0.00000511.
- Below 511 satoshis the bullish bias remains in play but becomes weaker.
- Even 450 can be tested and all we would say is that patience is key.
We prepare for the worst but hope for the best.
We are looking at the negative side because the bulls right now are ahead.
If there is bullish follow up, nothing to do it just go up.
But if it breaks down, we are prepared...
Always consider all scenarios, this way you know what to do ahead of time.
For example, if this chart breaksdown, would you close at a loss or wait long-term?
This question needs to be answered before you start to trade. :)
Namaste.
THETA LONG SETUPHello, dear traders. how are you ? Today we have a setup to buy/long the THETA symbol.
We have a break of structural you can buy on close support
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
$THETA - 2D Elliott Wave UpdateSomeone asked me for a $THETA chart yesterday and I found the chart very interesting in that there is a decent case for this correction being done, but also a nice strong support not too far off (approx -20-25% down)...
I drew the support line blue and its just below the red price line. If we don't make a new low, we could bounce here at any moment, but I prefer to keep all options open. Its never a good thing to not see other options.
Safe trades to all.
THETA: SOON TO BREAKOUT.Hello traders, here's an update on THETA in BTC pair for spot trading.
Timeframe: 8 hours.
Update: Theta token has been a deal breaker for traders in the BTC pair. If you do the backtesting then it has given 40% to 90% profit on the spot. I understand that Theta is under a descending triangle formation and technically it is a bearish pattern but only when it breaks down below the support. If it breaks above the resistance then it becomes a trend reversible pattern.
Here's a trade setup if THETA/BTC breaks above the resistance level.
Entry: 550 sats to 560 sats.
Stop loss: 513 sats.
Target 1: 596 sats.
Target 2: 632 sats.
Target 3: 671 sats.
Target 4: 714 sats.
Note: We will enter this trade only after the breakout. If you wish to leverage trade use 2x to 3x leverage in BTC pair.
Theta Network 111%+ Potential Target MappedTheta Network (THETABTC) did not produce a lower low on 13-June, instead it happened earlier, signaling that this is one of the strong pairs.
We can see THETABTC already trading above EMA100;
Also strong above EMA50.
This pair can easily continue growing.
Note: On a drop/flash crash, the low set at 0.00003718 will work as support.
As long as this level holds -(THETABTC) stays above it- we are bullish.
Below this level things can change.
This is not financial advice.
Thanks a lot for your amazing and continued support.
Namaste.
Theta Network (THETA) - June 21hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(THETAUSDT 1W Chart)
An important key is whether it can be supported by rising above the 1.460-1890 section.
(1D chart)
It is important to be able to support and rise in the 1.210-1.460 section.
If it falls below 1.210, there is a possibility that it will move down to around 0.589.
If the 1.460-1.890 section is supported and is supported, it is likely to lead to further upside.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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