Thetausdt
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!
FANTOM - Target $1 Bullish Scenario🥳After the major impulse in February, we are seeing price making an ABC correction back to the 200EMA and 78.6 fibancci level. Target is $1 and above!
FANTOM - Target $1 Bullish Scenario🥳After the major impulse in February, we are seeing price making an ABC correction back to the 200EMA and 78.6 fibancci level. Target is $1 and above!
THETAUSDT breakout!THETAUSDT (1H CHART) Technical Analysis Update
THETA/USDT currently trading at $9.37
Buy-level: $9.20- $9.40
Stop loss: Below $8.45
Target 1: $9.98
Target 2: $10.60
Target 3: $11.33
Target 4: $12.35
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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SRM - SOL Wil Drive it Higher 📈We have 2 areas of interest which line up nicely with different trend lines. First is the major trendline where we can see the 100EMA support. Price has already bounced off there but if we see that break, the next area to look for buys is the 200EMA support where we can see a parallel channel support and it would complete the ABC bullish correction for a move higher!
SRM - SOL Wil Drive it Higher 📈We have 2 areas of interest which line up nicely with different trend lines. First is the major trendline where we can see the 100EMA support. Price has already bounced off there but if we see that break, the next area to look for buys is the 200EMA support where we can see a parallel channel support and it would complete the ABC bullish correction for a move higher!
THETA/USDT Update: New entry finally triggered. What's next?THETA is one of the best performing coins over the last year.
We finally see some retracement and possible entries.
The streaming industry won't back down and theta is currently the leader in the crypto space in this business.
Short term it is unclear where we are heading since we also have bigger potential for more downwards movement.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.