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
THETABTC
Theta Network (THETA) - March 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 from 11.9546-12.5496 and climb above 14.3345 points.
If it falls, you need to make sure you get support at 10.5281.
If you decline in the 8.9797-9.5747 range, you need a short stop loss.
The next volatility period is around March 27 (March 26-28).
---------------------------------------------
(THETABTC 1D Chart)
You need to make sure you get the support at the point of 0.00023397.
If it falls, you need to make sure you get support in the 0.00019655-0.00020591 range.
Due to the sharp rise, it may fall to the 0.00014978-0.00015914 section, so careful trading is necessary.
If it falls between 0.00014978-0.00015914, a short Stop Losss is required.
-------------------------------------------------- -------------------------------------------
** 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)
IS THETA a forward indicator for the rest of the market??this is just an idea. don't take it to heart. just a thought.
THETA has had an absolutely phenomenal run so far.
from bottom to the top basically did a 150X.
very impressive.
However, I do believe that it's done. Its completed its run up. for now at least.
I count 5 major waves, and if you actually look inside each of the waves, you can actually count out another 5 waves. the 2W chart don't show the individual waves as clearly, but if you look at the weekly you can count 5 smaller waves within each of them.
and the waves are valid because the 3rd wave isn't the shortest, theres a 1.1 ratio of the 3rd wave vs the 1st wave so this count is valid.
Additionally, rising wedge on 2W RSI.
I dunno bout you boys, i reckon this is done.
1st major support round:
- $3 range. ranges are pretty broad coz they're weekly OBs.
then
- $2 range
then
$0.70
$0.40
$0.26
this is crypto after all, tbh, I wouldn't be surprised to see $0.70 again, but then again. wth do i know.
im just a joker boys.
Maybe this is a sign of what is to come to crypto? we'll see, i'll be watching this thing though
Theta Network (THETA) - March 18Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------------------- -----
You should watch for any movement that deviates from the 7.2259-8.1223 section.
If you move down from the 6.0308 point, you need a short stop loss.
The next volatility period is around March 27th.
-------------------------------
(THETABTC)
You'll have to climb above the 0.00013503 point and see if you can get support.
If it falls, you need to make sure you get support in the 0.00011410-0.00011933 range.
In particular, it remains to be seen if it can rise along the uptrend line.
If you fall from the 0.00011162 point, you need a short stop loss.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to know 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 Buy and Sell Signal forecast on 3 timeframesIf you haven`t bought it here:
Now even though THETA is bullish on higher timeframes, it gets sell signals on lower ones.
Sell on 1 hour chart
Sell on 4h chart
Buy on 1 day chart
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Theta Breakout Setup | Triangle breakoutTheta Cryptocurrency token price now in Triangle and ready to break above the triangle buy once price close above the 0.0000760
Theta bitcoin pairs looks absolutely bullish can breakout big above the 7600 sats zone
let's check the line chart
In line chart of the theta / bitcoin we have are touching big resistance breakout above this resistance will send price higher.
Buy : above 7600 sats
Stop loss : 5500 sats
Target : 9000 , 11000 , 13000 , 14800 sats