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Theta Token / TetherUS

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THETAUSDT trade ideas

THETA - could breakout soon with limited riskDear fellow underdogs, I found another interesting chart and I am happy to bring it to your attention. Since the all-time high at 15.9$ innApril 2021 THETA is in a downward channel. Recently there have been signs of recovery and. It is close to breakout of the Descending Channel in the 1M Timeframe. In the 1W timeframe it has already broken out of the descending wedge. I am expecting a Massive Bullish Wave . Downside risk is seen at the old Support level at 0.65$ and last defence line is @0.45$ S1 Fib 0.382 level. Man lie, woman lie and kids and charts never lie. Ned aka SkyLion
Long
by Sky_Lion
THETAUSDT wants the 1.3 ?THETAUSDT is a cryptocurrency trading pair consisting of THETA (a decentralized video streaming platform) aRecently, the price of THETAUSDT experienced a bounce on the weekly support level at around $1.04. This indicates that there was significant buying activity at that price point, which prevented the price from falling further. After the bounce, the price of THETAUSDT experienced a clear breakout from the $1.2 area, which is now being tested as new support. This suggests that there is strong buying pressure at this level, which could potentially push the price higher in the future. Based on Plancton's rules, this breakout and subsequent retest of the $1.2 level may be seen as a bullish signal, indicating that a new uptrend may be forming. If the price is able to create a new impulse and move towards the $1.3 area, this could be an even stronger signal to go long on THETAUSDT. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
2
#THETAUSDT (Watchlist) 4-2023Consider adding this BINANCE:THETAUSDT to your watchlist. When we suggest adding a coin to your watchlist, it means it's forming a pattern or approaching a historical bottom, near or above a good support level, displaying increased trading volume, showing a reversal candle, in an accumulation stage, etc. However, we haven't seen any bullish reaction yet, so we recommend adding it to your watchlist until the right time for entry. Note: This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management. You can't impose your opinion or force it to happen in the cryptocurrency market. So, be prepared for any outcome. Remember, the cryptocurrency market is highly volatile and involves both gains and losses. Understand the risks before investing. Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
Long
by HamadaMark
THETAUSDT is getting ready to go burstThis 2W chart reveals many interesting things. Price action has been boring but very telling: the 1$ mark has been rock solid for the past 6 months. If we're indeed at the end of an ABC correction on the 5th Elliot Wave, then 3 important crosses are bound to happen for a new bullrun to start: RSI cross with its MA MACD cross with its signal. The last cross on June of 2021 sentenced the beginning of the corrective phase. I assume that the opposite cross must indicate the opposite scenario Breakthrough of the 1.5$ and resistance. This would be a good entry point, for that would increase significantly the chances of the trendline breakthrough. The volume is low but in my opinion, that has more to do with the 1$ resilience which I think prevented capitulation and with the fact that price has been steadily dropping since its last ATH. With that being said, I expect a new ATH to be reached in the next bull market within the 1.618 and 2.618 extensions, being 25$ the first target. Let's wait and see, but it definitely looks promising. DYOR. Not advice
Long
by Zerkaalo
2