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There is a Flag formation on THETA/BTC crypto pair.
There was a strong and confident bullish sentiment before.
Then price entered into consolidation and multiple times bounced from support and resistance zones.
Price target is around 0.0002850 zone.
Follow the chart and look for the breakout carefully.
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THETABTC
THETA beginning of a big massive bull flag downSo far theta is struggling to hold the 20k Support
Let's see how it pans out in the coming days and if it manages to break out to the upside
or continues on its downward trajectory, consolidating in a bull flag throughout April.
It looks bearish short term.
But then big massive raging bull once it's finished consolidating.
Theta Network (THETA) - April 13Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
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We have to see if we can ascend above the 12.28173081 point.
If it falls, we need to make sure it is supported at 11.22403904.
If you decline at 11.22403904, you need a short stop loss.
However, you need to trade carefully as you can touch the 8.78208911-9.87327158 section and go up.
Therefore, it is necessary to think about what kind of response will be made in the section 9.87327158-11.22403904.
The next volatility period is around April 20th.
You have to watch for any movement out of the box section.
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(THETABTC 1D Chart)
We need to see if we can get support at the 19486 Satoshi spot and get off the downtrend line.
If it falls in the 17437 Satoshi-19486 Satoshi section, a short stop loss is required.
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** 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 ready for the next leg up
Accumulation after a huge move + VWAP+ Volume profile
Huge breakout from a long 'time' base and then re-accumulation to digest the gains and shake out the weak hands (I was one lol).
Then media attention dries out, finds support and asset continues its next leg up. Saw these in growth stocks last year and now we might see these in crypto land. Check $SE $FVRR $TSLA for reference.
$THETA has a huge number of catalysts/events coming up.
Edge compute use cases(ML/AI) that's coming up in Q3 2021 is the most exciting. Remember $FSLY $NET moves in 2020? Edge computing will grow exponentially this decade(Read the 'future is faster than you think')
App for ledger + NFT marketplace + New network support
The market cap is already $12bn. That said, Theta has maxed out its supply and will have no dilution effect on price (like $BTC)
Likes of $BNB, $GOOGL, Sony and Samsung as enterprise validator nodes. These companies won't launch validator nodes if there is no long term potential.
Blue-chip Crypto. Keep this in your shopping list for crypto winter
Entry: Now or under $11.5
FLAAAAAAAAAAAG🔝New but not the last idea for today🔥
One more Flag pattern on THETA/BTC crypto pair.
There was a slight bullish movement, then price entered into consolidation.
After price bounced from support and resistance zones multiple times.
One more touch of support zone is expected.
So follow the chart and look for the breakout carefully.
_____________________________________________________
If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".
THETA BREAKOUT: new ATH coming this week!THETA just broke out of its bullish triangle with a new ATH as a target.
BREAKOUT CONFIRMED:
- Good volume
- Retested resistance as support.
- MACD cross
Big move incoming, lets go!
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
Theta Network (THETA) - April 3 Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also ask for the "Like" clock.
Have a nice day.
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We need to see if we can get support at the 11.70032876-12.28271372 section and move up along the uptrend line.
If you decline at 10.53555876, you need a short stop loss.
In the CCI-RC indicator, it remains to be seen whether the CCI line can break above the EMA line.
It is important to get support above the 11.22403904 point.
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(THETABTC 1D Chart)
We'll have to see if we can get support on the 0.00019655-0.00020591 section and climb along the uptrend line.
If you fall from the 0.00017785 point, you need a short stop loss.
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If you look at the charts of most of the major coins, they are either rising near their previous highs or exceeding their previous highs.
These rises are expected to rise even more when the BTC price rises above 60K and moves towards 70K.
However, if the BTC price fails to rise to 60K, it is expected that it will eventually turn into a downtrend, so careful trading is necessary.
Currently, BTC is in the period of volatility, and the coin market is in the overheating zone.
In this market situation, if you enter along with rising prices, the rate of return may be negative.
The coin price is recording positive, but the yield of the coin I bought is negative.
Therefore, if you are not familiar with same-day trading or short-term trading, it is recommended to enter when the coin price declines and then moves sideways and shows support at some point.
-------------------------------------------------- -------------------------------------------
** 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)
Possible accumulation targets for Theta TokenI've been looking for good entries on THETABTC. I personally think the bottom of valley could be the possible accumulation zone and the possible distribution target of its high of the candle (high of the swing low) but I'm too of a beginner to make clear decisions.
What do you think is the possible buy and sell targets? Share your thoughts.
Insanity of Theta to be continuedAs Theta had already a mesmerizing 120x from the bottom.. there's still more going on..
The 3 pink boxes are 3 fractals following up each other with a turning direction. If those fractals, mostly wedges turn from descending to ascending, there's mostly an outbreak at the end which could be quite wild to the upside. I foresee a level of 20 usd manifesting in a short period of time.
If not.. there's a longer consolidation, but it doesn't seem like Theta is willing to correct more atm.
Only bitcoin could mess with the charts.
THETA has plans for youSame old story with THETA; breakout to the upside out of a huge triangle; expecting a decent pump in the next 5 days.
Expecting a good bounce for BTC at 54K area and a new leg up; THETA will follow and outperform BTC together with other major alts. Targets in the chart.
IMPORTANT: This is not financial advice, trade or invest at on your own risk and research.
Trading Signal For THETAUSDTTrading Signal:
A Trading Signal is seen in the THETAUSD
Traders can open their Buy Trades NOW
THETAUSDT Theta Token
⬆️Buy now or Buy on 11.87
⭕️SL on uptrend breakdown
🔵TP1 @ 14.3
🔵TP2 @ 17.0
🔵TP3 @ 22.0
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#THETAUSDT Triangle Breakout, 50% potential Profit!Welcome to this quick trade setup.
THETA broke out of the triangle and currently it is retesting the support.
I am expecting a 50% pump from here.
ENTRY : $11.96 to $12.75
Target :
$13.67
$14.85
$16.45
$17.22
Stop Loss : $11.23
Do your own research before taking this trade.
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Thank you
#PEACE