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Thetatoken

Theta token analysis* Theta token in daily time frame forms a Descending triangle pattern, with the above trend-line working as the resistance for the price and it's major support near $3.500. * Currently the price is in a tight consolidation between, a Horizontal line as a support near $5.500 and the above trend-line. * If the price breaks the above trend line we can expect a bullish move till TP1 = $7.200, TP2 = $8.600 * And if it breaks the $5.500 level it will back to it's major support.
by Coinpedia-Market-Insight
💡Don't miss the great buy opportunity in THETAUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (6.425). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . THETAUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 51. Take Profits: TP1= @ 7.528 TP2= @ 8.538 TP3= @ 10.099 TP4= @ 11.338 TP5= @ 13.195 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
20
THETA - Leading the recovery?I've mentioned elsewhere the prospects for Theta and how it seems to be leading the recovery in the major alts, at least the ones I'm watching, so I thought I should share here. As seen in the daily chart above, Theta has formed a very nice right shoulder to a potential Inverse Head & Shoulders pattern. The neckline is at $6.75, which is within spitting distance from here, and a break to the upside of this line of resistance projects a rally to $10, back into the double digit valuation. The corrective structure can be seen to be completed in Wave Counts, and there is a nice bullish engulfing bar at the bottom signaling a trend reversal. With head height in the RSI and lots of space for the MACD to extend, things are looking decidedly bullish for THETA. Will we see $10 and higher soon?
Long
by Crypto-Swing
2
MUST BREAK LEVEL FOR THETA!!Theta has been stuck inside a downtrend channel since around the end of march and has been unable to fully breakthrough out of this channel, the most we have seen is a few wicks above the channel, if we want to see theta go on a big run here we will need to see a break of a few key levels, first the top of the descending channel, the 0.2 FIB level which is lying directly above the top of our channel and then finally the first point of resistance coming from the pivot points. we have actually crossed the bullish pivot point but not by too much, our candles recently have been sitting almost right on this point and i feel we gotta make a move upwards soon before we risk falling back below this level. Looking at the bollinger bands a very key thing that could happen would be price action grabbing onto that top band and going for a rollercoaster ride upwards, which i think would completely blow us right through these few key points i was talking about, in order for that to happen though we need to atleast breakthrough the top of the descending channel, once that is done the top bollinger band will be right in our reach! Looking at the MACD we are seeing good separation within the MA's but i notice the blue ma is starting to come down a bit towards the orange, now this is very important because if we don't see a bounce on the MACD due to a runnup in price we are playing with a possible bearish cross which could definitely set us back even more, we could start to see a little bear cycle on the MACD if our histogram continues to shrink the bars its printing! Not financial advice just my opinion!
BINANCE:THETAUSD
by JacobR905
THETAUSDT { THETA TOKEN } - BULLISH SETUPANALYSIS 🔎 - THETAUSDT was bounded in a descending triangle pattern. - Price brokeout above the descending triangle's inclined resistance. - This is a bullish signal. BUY ENTRY ⬆️ - Market entry: current market price. - slStop limit entry: Breakout above the horizontal resistance level (@6.75). - Limit entry: Retest of the descending triangle's resistance. TARGETS 🎯 - Horizontal resistance level (10.103). - Horizontal resistance level (@15.88). SETUP INVALIDATION ❌ - Breakdown below the descending triangle's horizontal support level (@3.47).
Long
by Chibuike_Odoh
THETA/USDT DON'T MISS THE TRAIN BREAKOUTGoodmorning Folks, NFT's going strong lately so will THETA be.. I have done my due diligence on THETA and appreciate what they stand for and what they do and want to achieve. I strongly recommend reading about it and do some research on. On the daily chart we have a Bullish breakout confirmation because price closed above the open price of the black candle.. The price is available in a low price area, bullish breakout is confirmed, RSI around 40 and price fluctuating at the down range of the Bollinger Bands. If you wanna make a strategized trade this is the time.. See the chart for support levels en price target level.. Quote of the day; Let the market be your guide. Like the content if you like and follow for more to come!
Long
by MoneyMakingMuro
#Theta is ready to move higher - Top of range $7.20 incoming. Hey Guys, 420 Investments Here with a 4 hour technical analysis update of theta. Before getting into my analysis I will provide you with the trade details. Entry - Current price action $5.86 Stop Loss - $5.72 Risk to reward - 7 to 1 Leverage - 10 x recommended or lower As we can see #theta has formed a trading range and has currently dropped the bottom of the range, i am expecting theta to reclaim the range and head to the top of the range @ target 2 of $7.20 usd. We also have formed a bullish falling wedge, with three touches to each side confirming it is valid, now we are looking for a break out of this wedge to give us confluence that theta will indeed head to the top of it's trading range. The 4 hour has also recently shown a Swing Failure pattern reversal pin, showing bulls are trying to take control here. Best of luck!
Long
by Moonseekers