THETAUSDT trade ideas
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
THETAUSDT - OPTIMAL ENTRY POINT FOR A LONG POSITIONIt looks great, there is a good zone of interest, the entrance is either from 0.5 fvg, or from the zone of interest with a broken structure.
Do not forget that the enrty was only after confirmation. That is - holding the price, volume and LFT confirmation.
The targets will be liquidity withdrawal marks indicated on the trading chart.
It all depends on your trading style, leverage and the amount of margin in the position.
THETA/USDT Another Rejection? or? Good Morning Colleagues ✌️
This one was asked by another one of our members so here we are with THETA coin. Currently rejecting that upper side of sideways movement we see a good potential for a full scale rejection to happen here but with some re-test to upper resistance. Waiting for upcoming week to see how overall market will open itself to trades.
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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 coin forming BAT for upto 10% moveHi dear friends, hope you are well and welcome to the new trade setup of Theta coin with US Dollar pair.
Previously I shared a long-term trade setup for THETA, which is still in play as below:
Now on a 4-hr time frame, THETA is about to complete a bullish BAT move for bullish price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
THETAUSDT: TRADE PLANThis asset just formed head and shoulders on the Daily time frame. If price breaks out of the support of this pattern and the nearby diagonal support, a sell trade can be taken on retest around the marked area(red triangle). If the patterns get invalidated, either in the interim or permanently, a buy trade can be taken when the local resistance marked (green) turned support.