Another Bullish Pennant about to break out?Maybe it's the best moment to buy before it breaks?
What do you think?
BINANCE:THETAUSD
THETABULLUSD trade ideas
Technical Indicator Suggest A Bearish Move For THETA Price The weekly technical chart of THETA shows a bullish momentum. On coming to the daily chart's shorter time frame, THETA price has formed a corrective Elliot wave formation. According to the Elliot wave pattern, the price can test the level up to $11.72.THETA price is above 20 and 50 Moving average. The 20 MA(Red) line is at $8.72, making it temporary support for the coin. Resistance for the coin on going upside is at $14. While on the downside, the coin can see a bounceback from $11.There is a formation of the accumulation zone on the 4-hour chart. If the price goes above the zone, then a new high can be formed.THETA/BTC pair is currently performing negatively but can see a bounceback in a couple of trading session.
Kindly Comment your thoughts below
Just learning - would this be an example of a bearish GartleyCan the rules for patterns be within a range?
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
thetausdnot to worry. everything has to go down to come up. should be a beautiful cup up and coming. may go down on more fib level, depending on how btc falls. Watch your levels.
Theta fan 3.24.21No big deal. we saw that it could not hold the 13.5 level.Thats ok as pullbacks are absolutely necessary. Why? We pullback. Create a new floor. Rip higher. Nothing new here. This is why those who were trying to fomo in were setting themselves up for hurting.IMO if you got in late its time to be dollar cost averaging. I see a resistance line that we are going to be testing as support. around 9.50 to 10 dollars. Yes it could go under it as well but as long as we are not closing weekly candles under it i will remain in near / mid term full raging bull. If we do settle under tahn just more consolidation, no big deal. Yes main net three oh was pushed back a few weeks. no big deal. i see this as more time for consolidation and also more time for huge news to drop. expect more institutional investors to jump in or some other partnership/nft to launch. like i had heard there may be a huge deal with a certain sports league. And that would make sense. Think about it. Tv. Sports. NFT's. it just all adds up. I dont need to tell my long term guys bc we know and have been in Theta since it was way under 5 bucks. We dont care about short term noise. The RSI. Any time frames under the weekly. Any further correction. It is what it is. Think like an institution and invest LONG TERM. That is how you beat these algos and how we have made 6 figures in just one quarter
Head and Shoulders #theta $thetaLooks like the Head and shoulders is about finished forming. Watch for the break below neck.
#THETA possible targets for 2021#THETA possible targets for 2021
HIGH RISK
TARGET1: 18 $
TARGET2: 38 $
TARGET3: 56 $
TARGET4: 115 $
FIRST STOP LOSS: 7.8 $
STOP LOSS AFTER REACHED TP1- 10.6$
STOP LOSS AFTER REACHED TP2- 23.5$
STOP LOSS AFTER REACHED TP3- 31$
Theta fan 3.23.21I'm seeing that 65 dollar target again on a different tool. That is my next target if it appears that Theta is slapping 13.50. lower rays will also be potential support zones. Mid term continue to hold
#THETA LONG! Clean and simple double bottom continuation. Looking for more potential upside movement from highlighted zone
#thetausd #crypto
Theta 3.22.21Perfect little pullback. These pullbacks are 100 percent bullish and absolutely necessary. Still targeting 13.5 and 30 dollars after that
12$ Theta Token? Thats what im seeingjust been buying, then buying, then buying, then staking, then buying.... just boring stuff. Do you know what I will do when it hits 12$? I'll buy it again.... keep them stacking!
Theta 3.21.21Rumor going around that Theta will be doing a deal with NBA players. Now this is not confirmed and will not be confirmed for later on in the year. If i get more information i will let you know. I do expect Theta based purely on technicals to continue to run to the upside. We got another breakout of an ascending channel /cylinder.. i'm still targeting 13/30 dollars mid term.
Theta 3.20.21Man youtube is overall just filled with bad advice. I see a "trader" telling his viewers to set a fib right here and buy at 50 percent level around 4 dollars. Ok why is that overall dumb af? We have not confirmed that Theta has put a top in. This is simply a breakout with a retest of the previous resistance level as support. Buyers normally step in right at these levels and its almost always a bullish set up. So for anyone teling you to sit this out and wait for 4 dollars or sell your bags and buy back lower(you know who that is) you should prob stop listening to them. Also to much woo woo nonsense with most Theta youtubers. Lets keep it simple and let the charts speak for itself. Not dreams or Jebus or some psychic or whatever else. We like to use simple math and fib extensions in a bull trend. No offense if thats your thing but srs ppl were selling their Theta at 4 bucks bc their woo guy told them a "dream said to sell" and some other woo guys data said and that he kept seeing numbers of 2's and whatever idk now wtf that means. sounds like onset of schizophrenia. no joke. almost like crypto qanon. Stay away from that shite. you've been warned
THETA 3.18.21Still bullish blue sky breakkout. 13 dollars is my next target and then 65. Yes it will hit it. No we are not talking about tomorrow nor are we concerned with DAILY candles and closes. We always look at the big picture and the trend. Random walk upward drift
THeta 3.17.21BUyers are back. Looking at 8.50 once through we slice through that like hot butter we will be going to mid teens very quickly. i still see a 24 dollar theta by mainnet three-oh with a slight sell the news event. much like the btc halving where theta accumulates for a few months and then by summer we are making a run towards a hundy.
Theta 3.15.21Great entry coming if you missed it i believe. Who knows though with Theta. It could just rip our faces off now to the upside
