THETA on its way back to $ 15 quite possibly in 4 hours. 03 MayTheta technically fights now with the resistance at $ 12. If you exceed it we can have daily candle 5% to 15% towards your next goal is 13.5$
Probability 1. (50% occurrence): Consolidation between $11.4 to $ 12 to break the resistance of $ 12.5k - $13.5k in the next hours or weeks
Probability 2. (25% occurrence): break the last resistance in 4 hours of $ 13.5 and go up to $ 14.5 - $ 15 while maintaining the price
Probability 3. (25% occurrence): Fall sharply and quickly to $ 10.45 and if Theta fails to consolidate at this price, the next drop is to $ 9.5 or $10
Thetausdt
THETA - Squeeze of the MAsHere we see the daily logarithmic chart showing price has become squeezed by the support of the rising 1D MA50 and the resistance of the declining 1D MA20. Meanwhile the LMACD has converged to zero and is looking to cross bullish.
Which way will it break? Is it toward infinity and beyond, or a steep and sharp final capitulation?
Either the bottom is in, or there is one final leg down. Tell me what you think.
THETAUSDT Good BUY!THETAUSDT (2H Chart) Technical Analysis Update
Resistance line breakout
THETA/USDT currently trading at $11.35
Buy-level: Above $11.50 (only buy if 1h candle close above 11.50$)
Stop loss: $10.30
Target 1: $11.90
Target 2: $12.50
Target 3: $13.00
Target 4: $13.90
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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THETA Coin Breaks Above 50-EMA, Going To Hit $14.55THETA coin price traded at $10.96 with a loss of 3.60% in the last 24-hour and 8.98% up in the weekly time frame. Furthermore, THETA coin price bounced from the support of $8.15. In contrast, the market capitalization stands at $369 million. Technically, investors can perceive a positive crossover in the EMA, and the price is above the 55-EMA. RSI index showcases an upward slope. Moreover, the price movement can be towards the resistance of $14.55 in future trading sessions.
Resistance: $14.55
Support: $8.15
SXP - Pattern Changing Slightly... Watch Out!From our previous SXP analysis, we were anticipating a parallel channel but upon seeing price action, we find that it is more fitting that it's an expanding flat triangle. Price is moving correctively down and we have 2 major areas which we are keeping our eye on.
THETA'S EXODUS RELEASE Q2This is just an update on Theta. According to Exodus’ co-founder and CEO JP Richardson, Theta is in line for a Q2 release this year, thus opening a path for U.S. residents to get involved: 55 minutes 55 seconds in:
www.youtube.com
In addition, Theta's price has pulled back 39% since its all-time high set recently on 16 April. This could be an interesting time to send the sniffer dogs around.
I am long THETA/USD since June 2019 and believe we are still early despite the huge run up over the past year. A 39% drawdown might just be just the ticket to buy the rumor. THETA/USD has retaken the 50 SMA ($9.15) on the 3 month chart in the last few hours.
Happy hunting!