Theta
THETA and an easy +100% GainTheta currency can grow well given the positive news and good things ahead. The price is currently moving in a long-term channel, which has almost decreased in price from the ceiling of the channel to the midline of its bullish channel.
If the significant support of the mid-channel $ 9 and 38% Fibonacci is maintained, it can be defined as the buyer's loss limit for the $ 22 and $ 26 targets up to the channel ceiling.
If the price breaks below the $ 9 floor, it could drop to at least $ 5.5 to $ 4.5, where it will hit its long-term channel again and could grow significantly. Buying in the $ 10 price range (as close as $ 10) can be good for the medium term.
Due to recent market fluctuations, be sure to maintain losses and capital management in all your transactions.
THETA - Squeeze of the MAsHere we see the daily logarithmic chart showing price has become squeezed by the support of the rising 1D MA50 and the resistance of the declining 1D MA20. Meanwhile the LMACD has converged to zero and is looking to cross bullish.
Which way will it break? Is it toward infinity and beyond, or a steep and sharp final capitulation?
Either the bottom is in, or there is one final leg down. Tell me what you think.
THETAUSDT Good BUY!THETAUSDT (2H Chart) Technical Analysis Update
Resistance line breakout
THETA/USDT currently trading at $11.35
Buy-level: Above $11.50 (only buy if 1h candle close above 11.50$)
Stop loss: $10.30
Target 1: $11.90
Target 2: $12.50
Target 3: $13.00
Target 4: $13.90
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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THETAUSD Strong long-term buy signalPattern: Channel Up on 1D.
Signal: Buy as the price rebounded within the 1D MA50 (blue trend-line) MA100 (green trend-line) zone, which has been the strongest buy signal since June 2020. Confirmation when the LMACD forms a Bullish Cross.
Target: 115.000 (just below the 3.5 Fib extension and the 1.5 Fib level of the Channel).
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THETA Coin Breaks Above 50-EMA, Going To Hit $14.55THETA coin price traded at $10.96 with a loss of 3.60% in the last 24-hour and 8.98% up in the weekly time frame. Furthermore, THETA coin price bounced from the support of $8.15. In contrast, the market capitalization stands at $369 million. Technically, investors can perceive a positive crossover in the EMA, and the price is above the 55-EMA. RSI index showcases an upward slope. Moreover, the price movement can be towards the resistance of $14.55 in future trading sessions.
Resistance: $14.55
Support: $8.15
THETA'S EXODUS RELEASE Q2This is just an update on Theta. According to Exodus’ co-founder and CEO JP Richardson, Theta is in line for a Q2 release this year, thus opening a path for U.S. residents to get involved: 55 minutes 55 seconds in:
www.youtube.com
In addition, Theta's price has pulled back 39% since its all-time high set recently on 16 April. This could be an interesting time to send the sniffer dogs around.
I am long THETA/USD since June 2019 and believe we are still early despite the huge run up over the past year. A 39% drawdown might just be just the ticket to buy the rumor. THETA/USD has retaken the 50 SMA ($9.15) on the 3 month chart in the last few hours.
Happy hunting!
THETAUSDT breakout!THETAUSDT (1H CHART) Technical Analysis Update
THETA/USDT currently trading at $9.37
Buy-level: $9.20- $9.40
Stop loss: Below $8.45
Target 1: $9.98
Target 2: $10.60
Target 3: $11.33
Target 4: $12.35
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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🆓Theta Network/USDT Analysis (25/4) #THETA $THETA8.5$ zone is a good zone to start accumulating THETA because it could have a recovery up to 11$ zone in the next few days or even 15$ in May.
However, THETA still has a big change to move down to 7$ zone again or even lower as 5$ so we must know this risk
📅EVENTS
👉Mar 31 : NFT Marketplace
👉Jun 30 : Theta Mainnet 3.0
📈BUY
-Buy: 8.4-8.8$. SL B
-Buy: 10.7-11.3$ if A. SL B
📉SELL
-Sell: 10.7-11.3$. SL if A
-Sell: 14.6-15.4$. SL A
♻️BACK-UP
-Sell: 8.4-8.8$ if B. SL A
-Buy: 6.8-7.2$ if A. SL B
-Buy: 4.8-5.2$ if A. SL B
❓Details
Condition A : "If 12H candle closes ABOVE this zone"
Condition B : "If 12H candle closes BELOW this zone"
THETA/USDT Update: New entry finally triggered. What's next?THETA is one of the best performing coins over the last year.
We finally see some retracement and possible entries.
The streaming industry won't back down and theta is currently the leader in the crypto space in this business.
Short term it is unclear where we are heading since we also have bigger potential for more downwards movement.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.