Hello Traders,,
The chart is telling me THETA is bullish. I have a price target of $6-$6.50
Will update as this unfolds.
The chart is telling me THETA is bullish. I have a price target of $6-$6.50
Will update as this unfolds.
Note
Price is moving as expected. The wave 3 inside the bigger proposed wave 3 looks a bit small to me. Something to keep an eye on anyway. Note
This trade is going well. I am also long Theta Fuel -TFuel. THETA is launching its main net 3 on 28th April 2021 so about 2 months away. I expect the price of THETA and TFUEL to rally up to the main net 3 release date. The price might correct near the release date or it could just continue to rally through the release date, its something to think about anyway. I also hear Coinbase is thinking about adding THETA after the main net 3 launch. I dont know if Coinbase will add TFuel. Either way it looks to be a bullish 2 months. Note
Here is a THETA FUEL TFuel chart with 2 targets. Note
Hello Traders, back again with an update on THETA. Having a look at the THETA/BTC daily chart the price looks to be inside an ascending triangle which is bullish but the divergence bothers me a bit.I think BTC is retracing to $35k so if THETA holds inside the triangle thats good,
Note
But if you look at the weekly chart its a bit more bearish with the rejection wicks inside the triangle. Lets keep an eye on that triangle. Note
Having a look at the Theta/UDST chart the price looks like it didnt retrace as badly as Bitcoin. I drew a polyline over the Bitcoin chart, copy and pasted it onto the Theta chart and you can see it did not retrace as deeply as Bitcoin did.That and the ascending triangle is the reason why I am still bullish on Theta during Bitcoins possible retrace to $35k but am watching carefully.
Note
I would be careful here. That lower high looks suspect. Its really overbought on the weekly. Note
Target Hit, Theta and TFuel have been insane. This wave count looks wrong with the 3 inside the main 3 being too small so needs some work. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.