THETAUSDT trade ideas
🚧THETA is Bullish now🚧 & many Traders don't see it 👀!!!THETAUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
I hope you make good money in these exceptionally good days🤌
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✴️ Theta Network Highest Volume Since May 2022Here we are looking at a different exchange.
We looked at Theta Fuel on GateIO and we witnessed the highest volume in more than a year.
Now we have Theta Network on OKX and we have the highest daily volume since May 2022.
To me this means that the bottom is in and a new and very, very strong bullish phase is about to develop.
In fact, we might be looking at a long-term bottom low, like the lowest level forever, like what happened back in March 2020 for example...
Regardless, this signal coupled with a strong RSI, strong daily candle, break above resistance in the form of moving averages, etc., indicates that the bulls are entering the game with force.
This is not surprising because while the sentiment has been low, other Altcoins have been growing strong.
Notice the same consolidation pattern in December 2022 after a major low... What follows is up!
Make sure to maximize profits.
Use this information in the best possible way you can.
You can do this!
Keep trying!
There is always a new and even better opportunity on the way!
The market is here to stay!
As long as we persist, we win in the end.
Thank you for reading.
Namaste.
Important support and resistance areas : 0.713-0.774Hello?
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(THETAUSDT chart)
The key is whether the price can be maintained by rising above 0.929-1.341.
(1D chart)
To do so, it is important to be able to receive support and rise in the 0.713-0.774 range.
Since the M-Signal indicator on the 1W chart is passing around 0.697, it is necessary to check whether it can receive support around 0.697 and rise above 0.713.
If it falls below 0.635, there is a possibility of a new low, so caution is required.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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THETAUSDT (4H) - Bullish reversalHi Traders
THETAUSDT (4H Timeframe)
Waiting for the upward break of 0.600 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 0.575 would cancel the bullish scenario.
Trade details
Entry: 0.600
Stop loss: 0.575
Take profit 1: 0.616
Take profit 2: 0.642
Score: 6
Strategy: Bullish reversal
THETA Crypto Theta Buy TP = 0.6243On the M30 chart the trend started on October 8 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.6243
But we should not forget about SL = 0.6045
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
Breakout from Vertical ChannelObservation:
Theta/USDT has broken out of a vertical channel, as indicated on the chart.
Target:
Based on the channel's height, the objective is set at $0.72.
Stop Loss:
A stop loss is advised on a 4-hour candle close below the support level.
Description:
The Theta/USDT pair has showcased a breakout from its vertical channel formation. Using the height of the channel as a projection, we've set our target at $0.72. As always, risk management is paramount; hence, it's recommended to place a stop loss if there's a 4-hour candle close beneath the support. Keep an eye out and trade wisely!
THETA Daily Looking BullishThis is a daily line chart of THETA and looking at the wave trend oscillator we can see as price has been coming down for the past weeks money flow has been rising and the wave trend also pushing up.
Current Trading Plan
3-5% stop loss invalidation area from our current level
Target 1 will be top of our fair value gap approximately 12% higher at .710
Target 2 will be just below our last unbroken local swing high approximately30% higher at .825
I have included a TP 3 if feeling really bullish approximately 70% higher at the POC of this bottom price range at 1.08.
Trade Well......
THETAUSDT accumulation PhaseRetest of $0.58 Weekly Area: The current market situation involves THETAUSDT retesting a critical weekly level around the $0.58 area. Weekly levels are historically significant price points that can exert influence on price movements.
Clear Breakout Target: $0.68: According to the analysis, for a potential long trade, the market needs to establish a decisive breakout above the $0.68 area. A breakout denotes a substantial price move beyond a key resistance level, signaling the potential initiation of a bullish trend.
Plancton's Rules Application: In accordance with Plancton's Rules and in line with the analysis, there is contemplation of a new long position if the price effectively experiences the aforementioned breakout. A long position involves acquiring the asset with the anticipation of its price rising.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
A Deep Dive into the Current Thetausdt Trend Theta has been on a captivating journey, showcasing its volatility and traction in the market. After tapping into the $15.7 region, we've observed a distinct correction, aligning with broader market dynamics.
The Bull area of interest stands out as a pivotal region. This is the realm for potential accumulation. It's a beacon of opportunity, signaling where the majority of bullish momentum might cluster in anticipation of future upticks.
As we tread forward, it's essential to be wary of the immediate resistance on the chart. This resistance, marked clearly, has the potential to act as a barrier, driving the price towards our "drop target zone".
Moreover, eyes should set on the 'Major resistance zone'. This zone isn't just a hurdle but our medium-term target. It's where we envision price challenges and potential breakthroughs in the coming phases. A successful breach of this resistance can ignite a new wave of bullish fervor.
Always pair your insights with robust risk management, and let's ride the waves of Theta's journey together.
Happy trading!!!
Navigating Resistance, Reacting to DowntrendsOver the past month, THETA has consistently decreased in value. We noticed that when the price reached around $0.86, it encountered a strong resistance level, which indicated a point where there was an excess of supply. As expected, the price reacted negatively when it reached this level again. This negative reaction was particularly pronounced during the second instance of encountering this price range, allowing buyers to make a profit.
Adding to this, the price decrease coincided with a general market downturn, leading to a significant drop. This drop was substantial enough to break through the support at the $0.72 range. The price then dropped to the lower boundary of a medium-term channel. Interestingly, it reacted positively when it reached a static support range of $0.60 to $0.57.
To gauge the potential for a shift in the trend, it's advisable to monitor the 4-hour time frame for signs of an upward trend reversal. Presently, the prevailing trend is within a 4-hour range, which could turn bullish if the resistance at the $0.66 range is breached.
THETA/USDT waiting for a re-test! Hey traders 👋
THETA coin is first that caught our attention today with an amazing chance for a bearish scenario to happen here. We see that we had a nice breakdown from trend (blue zone), but after every breakdown or breakout there is also a re-test to last zones which we consider as a small correction!
We are waiting for that correction in order to enter with a good short here!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
THETA 60% pump is incoming MYX:THETA :: short ⏰ period analysis 📌 #scalping
#rajcrypt0 #dyor #crypto
#futuretrade :: 3-4x :: risk high 📌
Buy :: $0.7-0.765 🟡 line
🛑 #SL :: day close below $0.67 ( red box below )
#sell :: $0.88 & $1.064 ( move stop 🚏 lose when target 1 reached )
Share and support 👻
Just short period set-up if this worked need to work on long term set-up 📐
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