THETAUSDT trade ideas
THETA is structurally divergent - Has it decoupled?As seen in the above charts, THETA has diverged structurally from Bitcoin (bottom chart) and the other Alt-coins (middle chart). After completing a 10 month corrective phase THETA appears set to commence another Bull market. In contrast, the other Alt-coins and Bitcoin have only completed the first 3 months of their respective corrective phases.
What do you think? Has THETA decoupled from the Bitcoin market cycle?
THETA - TO THE MOON 🚀In our last post, we had 2 areas of interest where we would buy THETA. See below:
Price came down to the lower buy zone and bounced off perfectly! We are currently up 60% from that reversal zone.
Looking for continued bullish momentum. Please note that on the off chance we reject the descending trendline and make an ABCDE descending wedge, watch the double bottom area for a reentry.
Lets take this to the moon.
THETALooks like THETA is losing steam and setting up to retrace, but not just yet.
Difference between Buyers and Sellers on THETA Spot and Futures markets is inconclusive, Buyer vs Seller dominance shifts every 5 minutes.
Daily volume % is way up, over 1000% on Spot alone.
I tried counting waves, but don't quite see clear structure yet.
I think THETA will arc towards Target #1, other 3 targets need to be evaluated if Target #1 is reached.
Target #1 3.830
Target #2 3.753
Target #3 3.470
Target #4 3.187
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
BINANCE:THETAUSDTPERP
FTX:THETAPERP
OKEX:THETAUSDT
HUOBI:THETAUSDT
HUOBI:THETAPERP
BYBIT:THETAUSDT
💡Don't miss the great buy opportunity in THETAUSD@Theta_NetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (3.596).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. THETAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 3.881
TP2= @ 4.303
TP3= @ 4.676
TP4= @ 5.259
TP5= @ 5.907
SL= Break below S2
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💡Don't miss the great buy opportunity in THETAUSD@Theta_NetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (3.596).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. THETAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 3.881
TP2= @ 4.303
TP3= @ 4.676
TP4= @ 5.259
TP5= @ 5.907
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
#THETA/USDT, facing dynamic resistanceFundamental:
Theta is one of the assets which working on streaming, due to increase requests for streaming service specially after COVID, invade our world,
this kind of decentral streaming platform might face a high demand in future.
Technical and Trend analysis:
The price face high overbought saturation on 2.5$ and price beautifully react to PRZ and start a bullish divergence, however Theta have a strong dynamic resistance on its way.
if the price could break through the down trend line(yellow one) and again make a pull back to the trend line ,price potentially can pass the static resistance on 4.6$ and upper one around 5.8$.
Caution:
it's not a suggestion for buy or sell, only my idea about the price action and potential movements for THETA.
it would be appreciated if you share your idea with me on comment
thanks for your patience
THETA TOKEN HAS HIDDEN BULLISH DIVERGENCETHETA TOKEN: HIDDEN BULLISH DIVERGENCE
IN THIS WEEKLY CHART. Theta has been super bullish for nearly 600 days, yes we
did see a long consolidation period, but its coming to a decision time on
the weekly chart. looking at the RSI, its about to break resistance and
remain bullish for a large move up. If history would repeat itself, look
at the projected numbers from a bars pattern perspective. Another note
is that THETA LABS is the only crypto that has the patents to expand
broadband internet. They have said to have nearly 100 patents in the
future. just looking at the chart and some fundamentals. not advice, just
charts here. If you look at what Solana has done, these #'s are possible.
look at the comments listed on the chart for more details.
Theta appears with a bullish pattern* Theta in 1D time frame appears with a Falling Wedge
* The price has a important support around $2.35 and the upper descending trendline is acting as resistance to the price.
* In order to make a bullish move towards $4.6 and $5.9 the price needs to break the falling wedge pattern
THETA: Metaverse is sill alive!Hello guys. Hope you are having a nice day. Today I have decided to perform an analysis of THETA. Technically, THETA is in a descending wedge in the weekly timeframe, which is USUALLY a bullish sign. The ceiling and floor of the wedge are reliable factors as they have determined the price behavior in a significant fashion in the past. Critical levels are designated in red. One of the major factors that stands out when the chart pops up is the steady volume throughout the last year. The reason why I have chosen MA60 is the fact that the price has been remarkably reactive to it recently. As a trader, I always strive to find the indicators that match the price behavior of an asset. I know MA60 is not a common unit; however, I find it significant due to the reason I just laid out. What I see for THETA is the way up. Not that it is the only possibility, but I think it is highly probable. I always remind myself that nothing is guaranteed, and every decision must follow confirmations. The price may end up below the descending wedge and explore new lower lows, but do I find it likely? TBH, No! However, I have plans set for doomsday as well. You might ask, "Will the price reach a new ATH?" I don't have the answer to that unless I see price behavior near 12. Fundamentally, I find a lot of promise in the project and how it has put itself on the map.
Please push the like button if you find the idea of value.
If not, I look forward to your helpful comments.