Thata got rid of its prison!!!!!!!After claim a new ATH at 15$ , Theta got stuck in an Descending Triangle
Theta achieved to breakout the triangle strongly with a full body candle and after that make a beautiful smooth pullback to the broken line
Targets are clear in the chart 1st is 14$ , 2nd is ATH 15$
Thetatoken
THETAUSD BULL FLAG - SWING LONG #THETA #THETAUSDT #THETAUSD We can see Theta has formed a nice bull flag on the 4 hour chart.
If we apply Fibonacci from the swing high, to the swing low we can see that theta is bouncing in the golden pocket.
The 0.38% Fib is currently acting as support.
Stop losses should be placed below $11.57
We are targeting to sell the 0.618% Fib.
Following a break upwards, we will be looking to make a play on the breakout of the bull flag.
Will keep you updated.
Thanks.
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.
TFUEL in the diary can break this steep LTA!?Technical analysis regarding the price of BINANCE COIN in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
#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.
Do hit the like button if you like my updates.
Thank you
#PEACE
THETAUSDT Expecting big up move!THETAUSDT (4H CHART) Technical Analysis Update
Symmetric triangle breakout
THETA/USDT currently trading at $12.60
Buy-level: $12.00- $12.60
Stop loss: Below $11.30
Target 1: $13.60
Target 2: $14.75
Target 3: $17.00
Target 4: $20.00
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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Theta hit and cleared $12.00. What is next?Well yes. I bought more a little under 12$.
Price action shows developing support after the recent surge.
Wave C is still a possibility for the pattern to complete.
With a symmetrical triangle forming, an ABC correction wave is not necessary.
Limit orders are set from 12$ to 10$.
Let's stack them.
THETA TOKEN: Is the dip over?In this chart I slightly repositioned the FIB retracement to reflect the recent upward movement (started on Mar 20), and to see where the recent dip lies within that.
Theta is recovering beautifully so far in between .5 and .318 fib levels, better than most other coins, I'd say.
I've noticed from the past charts, that Theta often does the opposite of what other coins do. The market goes down, Theta goes up, and wise versa. But it's still important to understand that when our boy Beethoven is making big moves, the rest follow. And while I personally did not expect a dip as wild as this one was, I also overlooked the importance of the news about postponement of Mainnet 3.0 to the end of June.
Here in the chart I applied a generous 16-weeks EMA, and together with the recent dip it looks quite organic and healthy. All in all, all the vitals are good; and unless something crazy happens, I personally do no expect it to go back to the $10 area.
The 4 hour chart looks bullish, with a clear bullish pennant and a consolidation precisely in the middle.
The 1 day chart paints a slightly different picture (so far) with a doji candle (still green though), and an overbought RSI of 82. But when did that stop Theta?
Not a financial advise: While this consolidation looks just like the ones that happened before, preceding the previous rapid upward moves, we may not be out of the water just yet. I'd be on a lookout for rapid pushes through the .318 fib level over the next 2 days, to confirm Theta's intention to go up.
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
Another bull run for THETA, another retracementCrazy last couple days for Theta token!
It smashed through a few ATHs with very little resistance, and, well, it looked SCARY. Looking at its previous moves, and at what other coins do my logic screamed it HAD to retrace. My FOMO made me buy some at the semi-high. Ouch.
So here's some Fib levels. It clearly retraces back to .382, to around $12.8, where it has the strongest support so far. This is a healthy retracement, that I wouldn't be too worried about. I can see the possible H&S pattern unfold in the next day or two, AND it MAY decide to go back down more and test the 0.5. An hourly RSI looks like it can dip more before a period of sideways consolidation.
THETAUSDT - NFT token What Is Theta (THETA)?
Theta (THETA) is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch.
Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.
Developers say that the project aims to shake up the video streaming industry in its current form — centralization, poor infrastructure and high costs mean that end users often end up with a poor experience. Content creators likewise earn less revenue due to the barriers between them and end users.
What Makes Theta Unique?
Theta’s main business concept is to decentralize video streaming, data delivery and edge computing, making it more efficient, cost-effective and fair for industry participants.
The network runs on a native blockchain, with two native tokens, known as Theta (THETA), Theta Fuel (TFUEL), powering the internal economy.
Theta’s appeal is threefold: viewers get rewarded with better quality streaming service, content creators improve their earnings and middlemen — video platforms — save money on building infrastructure and increase advertising and subscription revenues.
Users have an incentive to both watch network content and share network resources, as rewards come in the form of TFUEL tokens.
The platform is open source, and token holders receive governance powers as with many proof-of-stake (PoS)-based blockchain ecosystems.
In addition to video, data and computing, Theta caters to developers looking to launch decentralized applications (DApps) on its fully featured EVM-compatible Smart contract platform.
THETAUSDT Pennant patternTHETAUSDT (1H CHART) Technical Analysis Update
Pennant Pattern
THETA/USDT currently trading at $7.34
Long Entry-level: Above $7.58 (only buy if 4h candle closes above 7.58$)
Stop loss: below $6.34
Target 1: $9.00
Target 2: $10.00
Target 3: $12.50
Target 3: $15.00
Max Leverage: 2x
ALWAYS KEEP STOP LOSS...
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Big THETA development. A little too soon?Disclaimer: A complete noobie here. Excuse my lingo.
I've been looking at Theta token for a few weeks now, trying to find an optimal long entry point after a few big impulses that took it to almost +100% within days.
I did a little backtesting analysis with what little knowledge I possess.
Take a look, and tell me what you guys see. THETA moon? or still a chance to enter at its strongest support (~$6.5)?