THETA VOLUME AND TREND ANALYSIS
THETA TREND ANALYSIS
THETA is breaking out of a triangle to the upside, which indicates to take longs only at the moment.
The Breakout is being supported by the 50 EMA, which could be a good entry point.
The EMA pullback is being combined with the Trend retest.
VOLUME ANALYSIS
The volume profile shows us 3 different key zones:
The Value Area Low: The Value Area Low can be seen on the retest area and by a technical standpoint this two indicator combined most of the times leads to a move.
The Point of Control: The point of control is where the highest most amount of THETA is being traded. This could act as a resistance so it is recommended to take some profit on that zone.
The Value Area High: The Value Area High shows a pretty good resistance at the moment where most of the position should be realized. As a trailing strategy it is a good option to realize as much as possible and let the rest of the position run in the mentioned reversal area.
OVERALL CONCLUSION
This Trade Setup has a really high chance to play out, but never forget to take some profit. Always look at the macros and look at the overall crypto market how it behaves.
We still haven't seen a depegging event from the traditional markets, so as long as the SPX rises, we are safe, but as soon as it starts to fall, we would exit the position.
THANKSGIVING
I am so grateful for the support and engagement of my readers. Thank you for taking the time to read my analysis and for providing valuable feedback and insights. Your support means a lot to me and it's an honor to be able to share my knowledge and experience with you. I am constantly inspired by the community on TradingView and I look forward to continuing to learn and grow together. Thank you again for your support and for making this journey so enjoyable!
(IN THIS TRADE WE WILL NOT SHARE MULTIPLE SCENARIOS, LIKE IN THE OTHER TRADES, BECAUSE ALL THE POSSIBILITIES ARE MENTIONED ABOVE)
THETA is breaking out of a triangle to the upside, which indicates to take longs only at the moment.
The Breakout is being supported by the 50 EMA, which could be a good entry point.
The EMA pullback is being combined with the Trend retest.
VOLUME ANALYSIS
The volume profile shows us 3 different key zones:
The Value Area Low: The Value Area Low can be seen on the retest area and by a technical standpoint this two indicator combined most of the times leads to a move.
The Point of Control: The point of control is where the highest most amount of THETA is being traded. This could act as a resistance so it is recommended to take some profit on that zone.
The Value Area High: The Value Area High shows a pretty good resistance at the moment where most of the position should be realized. As a trailing strategy it is a good option to realize as much as possible and let the rest of the position run in the mentioned reversal area.
OVERALL CONCLUSION
This Trade Setup has a really high chance to play out, but never forget to take some profit. Always look at the macros and look at the overall crypto market how it behaves.
We still haven't seen a depegging event from the traditional markets, so as long as the SPX rises, we are safe, but as soon as it starts to fall, we would exit the position.
THANKSGIVING
I am so grateful for the support and engagement of my readers. Thank you for taking the time to read my analysis and for providing valuable feedback and insights. Your support means a lot to me and it's an honor to be able to share my knowledge and experience with you. I am constantly inspired by the community on TradingView and I look forward to continuing to learn and grow together. Thank you again for your support and for making this journey so enjoyable!
(IN THIS TRADE WE WILL NOT SHARE MULTIPLE SCENARIOS, LIKE IN THE OTHER TRADES, BECAUSE ALL THE POSSIBILITIES ARE MENTIONED ABOVE)
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