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Thetatoken

✴️ Theta Token | Easy 100%+ (Name Your Altcoin #37)The drawings were already done here so this makes my job so much easier... Theta Token is trading daily above MA200, this level was conquered recently and tested as support. Staying above it signals long-term growth potential. What we are seeing now is a small (small as in time duration) consolidation phase. Consolidating the previous bullish breakout. It was so strong that several weeks are needed just for the market to adjust to the new prices. The fact that we get consolidation rather than correction is a signal of strength. We can easily see a 57% jump and even higher, to 115% in a matter of several weeks. This can vary but the chart reads strongly bullish as it is. Support and resistance levels are mapped on the chart. Remember, the charts can always change... That's why we prepare for all possible scenarios when we trade. No surprises, wiser choices when decision time comes. Namaste.
Long
by AlanSantana
5
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.
by AlanSantana
1
THETA - Bearish breakdown?In this study on THETA, you will note the breakdown of the longer-term consolidation over the past two weeks, as THETA has broken through support at $0.95 to form a bearish triangle that also looks to be breaking down. A Fibonacci projection of this drop below support of the longer-term channel presents a few targets; $0.748, $0.648 and possibly $0.485. Do you think we could get a 30% drop, or more, in the value of THETA? Will this be the final drop to exhaust sellers and conclude the bear market?
Short
by Crypto-Swing
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.
Long
by Dexter_The_Trader
2
THETA usdt Risky businessbtc is doing it's thing so no trade is safe today. however, theta has a nice setup. i will look for a long at 1.111 and i will exit at 1.219 at about 10% profit. since this is clearly a very dangerous trade,i will set a stop loss at 1.085 which is less than 2.5%. i wont wait for candle closes,simple stop loss order because btc is not acting normal today since the risk is small,i will use 2x on this one also,aion from 4 hours ago did great so we some money to spare. FOLLOW FOR MORE!
Long
by POWcharts
4
THETA - Buy the dip! Or sell at loss?Once again it has been a while folks and I hope you are all healthy and well! The market is still moving in its wide trading range of an accumulation phase and I hope all of you have strong nerves! We have experienced several automatic rallies, that got rejected at the previously established price levels (purple for weekly and white for monthy levels). Theta price had experienced a spring (downward movement, followed by a spring upwards) and now we have just seen another shakeout. Remember: Shakeouts can follow after a price advance has started, with rapid downward movement to induce retail traders and investors in long positions to sell their shares to large operators. As long as the price moves within this trading range, we are fine and I wait for a sign of strength, followed by a last point of support. Usually one should watch out for low volume and diminished spread, which will serve as a confirmation. Finally the price should take off. The only problem is that noone can really say how long it will take, so rather then selling at a loss, I used some of my buffer cash to buy a little bit more and averaged down. For price target references I use my monthly levels of resistance (white lines) or supply zones (red boxed), where I will then sell the amount I have just used to average down. Example: Let's say you bought in at 10$ a coin with 1000$, making a total of 100 coins and then the price fell to 5$ (-50%). You can now rebuy another 100 coins with 500$ and average down your purchase from 10$ per coin to (1000$ + 500$) / 200 coins = 7,5$ per coin (-25%). Now, when the price goes back up to 7,5$ from 5$ you are out of the previous loss (-25%) and back at 0%, with the option to sell 500$ worth of coins (~66,6) and keeping the average price. Your initial coin size of 100 would increase to ~133,3 with an average of 7,5$ per coin. That sounds easy, right? It actually is, but the biggest elephant in the room are our emotions... Controlling emotions is a never ending task, which you can get better a by practicing - unfortunately not with demo accounts, but real trading - just start small. As always, do your own due diligence. This is no financial advice, so trade with care! For reasons of transparency: I am invested in $THETA with 1/4 of my account size. The rest is buffer cash for buying dips.
Long
by RedFoxTrading
1