Theta (THETA) - January 27Hello?
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You need to make sure you can get support at point 2.2521.
If it falls, we need to make sure we get support at 2.11.
With support at the 2.2521 point, it is expected to rise towards the 2.6766 point.
If it falls between 1.6861-1.8276, it is a short-term Stop Loss.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Thetausdt
THETAUSDT H16: BEST Level to SHORT IT 35% gains(SL/TP)(NEW)THETAUSDT H16: BEST Level to SHORT IT 35% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
HIGH RISK setup. proceed ahead with caution.
DO NOT USE HIGH LEVERAGE.
🔸 Summary and potential trade setup
::: THETAUSDT chart review/outlook
::: 35% correction incoming soon
::: XABCD BEARS setup point D/PRZ 2.60 USD
::: furthermore ETHUSD failing near ATH
::: so limited upside in alt coins from here
::: expecting pullback/correction mode
::: recommended strategy: SHORT IT D/PRZ
::: near 2.60 USD TP1 +25% gains TP2 +35% gains
::: final TP BEARS is 1.60 USD
::: it's possible that price will re-test
::: near range lows (50%+ correction)
::: however base scenario is 35% correction
::: no valid setup for bulls here
::: TP BEARS is 1.60 USD
::: SWING TRADE: SHORT HIGH TP 35% gains
::: correction MODE soon
::: good luck traders!
::: SHORT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/1.60 USD
::: Sentiment outlook short-term: ALMOST MAXED OUT/REVERSAL
THETA DAILY CHART- Theta is in a bullish momentum and forming a continuation
a continuation pattern with a breakout.
- According to the technical analysis, this cryptocurrency can give us momentum on its triangle breakout, just like the previous momentum.
- The time to enter is at the continuation of the daily candlestick in case it closes above the bullish pennant.
Theta getting ready for next rallyHey friends, hope you are well, and welcome to the new update on Theta coin.
Previously we have seen that on a 12-hour chart the price action was expected to complete the final leg of bullish BAT.
Now finally the price action completed the leg and so far it has rallied more than 24%.
The SMAs on the daily chart:
O daily chart the price action of Theta broke down the 25 SMA but still moving above 50, 100 and, 200 simple moving averages.
EMAs on the daily chart:
The price action of Theta was likely to break down the EMA 21 on the daily chart after breaking down the exponential moving average 10 but now it again seems to be crossing up the EMA 10.
The bull flag:
On the 12-hour chart a bull flag formation can be clearly seen, which is in fact a wedge pattern. The volume profile of the complete pattern is showing less interest of the traders close to the support. Therefore the break out is possible.
Different support and resistance levels:
On the small time-period 4-hr chart, different support and resistance levels can be seen. After rejection by $2.30 resistance 1st the price action started moving between $2 and $2.30 support and resistance levels. Then the price action of Theta broke down the $2 support and now moving between $1.70 to $2 support and resistance levels. Here the pricline also has good support of 200 simple moving average.
Long-term up channel:
On the long-term weekly chart with Bitcoin pair, the price action of Theta has formed an up-channel, and recently it has started moving up from the support of this channel.
Cup & Handle move:
While taking bounce from the support of the big channel, the price action of Theta coin has also started moving up after the completion of Cup & Handle on the daily chart.
Conclusion:
The price action has formed a bullish reversal Cup & Handle pattern while taking bounce from the support of a big channel. Therefore we can expect a rally to the upside soon.
THETAUSDT - SYMMETRICAL TRIANGLE ANALYSIS 🔎
- MATICUSDT is consolidating in a symmetrical triangle pattern .
- Breakout is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: horizontal resistance levels (R1, R2), fibonacci extension levels.
Downtrend ⬇️: horizontal support levels (S1, S2), fibonacci extension levels.
✳️Theta Token/USDT Analysis (22/1) #THETA $THETATHETA has lost $2 zone and is falling back to $1.5 zone, which is very strong support since it helped THETA recover on January 11th. Over the next few days, I think THETA will return to $2 zone. .
If THETA conquers $2 zone, it can move up sharply to $2.5 or even $3
If it continues to be rejected at $2, it will fall sharply to $1.1 to test the MA200 of 1Day frame.
📅NEWS
No News
📈BUY
-Buy: 1.45-1.55$.SL if B
-Buy: 1.05-1.1$.SL if B
📉SELL
-Sell: 2-2.1$.SL if A
-Sell: 1.45-1.55$ if B.SL if A
♻️BACK-UP
-Buy: 2-2.1$ if A.SL if B
-Sell: 2.5-2.6$.SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
THETABTC completed another bullish reversal for new ATHBull flag formation:
In US Dollar market the price action of Theta has formed a bull flag. Here the priceline is re-testing the exponential moving averages with the time period as well. And if the priceline breaks out the channel that has been formed within this flag then it can reach at $3.5 easily.
Cup & Handle move:
On daily time frame chart, with the Bitcoin pair the price action of Theata has completed the formation of Cup & Handle pattern. Now it has also tested the support of 100 SMA and the 50 SMA has formed bull cross with 100 SMA as well. If we take the measurement from the breakout point to support and place it at the breakout point or resistance of the Cup. Then our next target can be 0.00011755 btc and if the priceof BTC will be $35000 then 0.00011755=$4.
Ichimoku cloud and Rising Wedge:
On long term weekly chart, the price action of Theta with Bitcon pair has formed a rising wedge pattern and also broke out the Ichimoku bearish cloud as well. The cloud is now bullish so we can expect that the priceline migh make another attempt to break out the resistance of this cloud.
Conclusion:
The price action of Theta is setting new all time highs in every rally. Now we can expect another rally that can be 100% up from the current price level.
$THETAUSDT - Inverted head and shouldersHello everyone!
There is an inverted head and shoulders pattern spotted on an hourly chart of THETAUSDT.
I made this pattern yesterday, and was waiting for the confirmation, the best confirmation point was at $1.83, where the dynamic resistance is, however Theta rebounded earlier.
$2.27 and $2.357 are the must test points based on the pattern, $2.51 is very reachable if Theta breaks above $2.357
#Theta, you know I like you ,Don't you?theta heading for 4.6-4.7 in the long term
we already got our profit previously after our entry from 0.8 with more than 100 % profit
tomorrow 15 Jan , is a time pivot for bullish wave , so let's take advantage of it
manage your risk and take advantage of any correction to hop into that one
don't forget to like this idea if you already like it, your support is appreciated , TIA
watch links for related ideas to see our pervious trades
those trades are based on #Gann methods
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THETA/USDT - Parabola broke, descending triangleTETHA had a crazy parabolic run doing a 3x!
Now after we broke the parabola in yellow we are taking a breather and forming a descending triangle which suggest a bearish bias. Moreover, MACD is due to cross over in the negative, another bearish signal.
If these are confirmed, then we're very likely to break down the triangle. Do NOT FOMO into this coin, at these levels you should take profit after entering in early December. Wait for the triangle to break before taking action.
Bias is bearish for now.
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