Theta
THETAUSDT - NFT token What Is Theta (THETA)?
Theta (THETA) is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch.
Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.
Developers say that the project aims to shake up the video streaming industry in its current form — centralization, poor infrastructure and high costs mean that end users often end up with a poor experience. Content creators likewise earn less revenue due to the barriers between them and end users.
What Makes Theta Unique?
Theta’s main business concept is to decentralize video streaming, data delivery and edge computing, making it more efficient, cost-effective and fair for industry participants.
The network runs on a native blockchain, with two native tokens, known as Theta (THETA), Theta Fuel (TFUEL), powering the internal economy.
Theta’s appeal is threefold: viewers get rewarded with better quality streaming service, content creators improve their earnings and middlemen — video platforms — save money on building infrastructure and increase advertising and subscription revenues.
Users have an incentive to both watch network content and share network resources, as rewards come in the form of TFUEL tokens.
The platform is open source, and token holders receive governance powers as with many proof-of-stake (PoS)-based blockchain ecosystems.
In addition to video, data and computing, Theta caters to developers looking to launch decentralized applications (DApps) on its fully featured EVM-compatible Smart contract platform.
Trade on retest📉Good day, wolves🔥
There is an interesting formation for you.
Symmetrical triangle with bullish breakout on THETAUSDT.
There was a strong bullish sentiment before, then the price broke resistance level.
According to Elliott Waves theory all the waves were done.
Now the price entered into the correction and started to retest new support level.
The price should fall to the zone between 7.46 and 7.32
So follow the chart and look for the best price to enter carefully.
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Theta Network (THETA) - March 18Hello?
Dear traders, nice to meet you.
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You should watch for any movement that deviates from the 7.2259-8.1223 section.
If you move down from the 6.0308 point, you need a short stop loss.
The next volatility period is around March 27th.
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(THETABTC)
You'll have to climb above the 0.00013503 point and see if you can get support.
If it falls, you need to make sure you get support in the 0.00011410-0.00011933 range.
In particular, it remains to be seen if it can rise along the uptrend line.
If you fall from the 0.00011162 point, you need a short stop loss.
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** All indicators are lagging indicators.
So, it's important to know that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
THETAUSDT Pennant patternTHETAUSDT (1H CHART) Technical Analysis Update
Pennant Pattern
THETA/USDT currently trading at $7.34
Long Entry-level: Above $7.58 (only buy if 4h candle closes above 7.58$)
Stop loss: below $6.34
Target 1: $9.00
Target 2: $10.00
Target 3: $12.50
Target 3: $15.00
Max Leverage: 2x
ALWAYS KEEP STOP LOSS...
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Luxury Trade💰Are you ready to trade, wolves🔥
There is a great wedge formation on THETAUSDT crypto pair.
There was a strong bullish sentiment before.
According to Elliott Waves theory all the waves are done and now the price is heading to the breakout.
Follow the chart and look for the breakout carefully.
_____________________________________________________
If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".
THETAUSDT In Wave 3 of 3rd / 161.8% Extension Target $1.00HUOBI:THETAUSDT
I see THETA in its 3rd wave of the Three Wave!
When I measure the extensions, the primary wave 1 - 2 extension targets $1.00
When I measure only the sub wave extension(Wave 3) My coordinates are as follows:
Point 1: 0.1983
Point 2: 0.5922
Point 3: 0.3712
For the 1.618 extension of just sub wave 1-2 pivot is also a target of $1.00
However; Being that we are in what I believe the 3rd of three, then it is not unreasonable to think that this wave can be extended far beyond the 1.618 Fibonacci Level.
Extended targets for this sub-wave(3/3):
200% Extension: $1.1590
261.8% Extension: $1.4024
361.8% Extension: $1.7963
Big THETA development. A little too soon?Disclaimer: A complete noobie here. Excuse my lingo.
I've been looking at Theta token for a few weeks now, trying to find an optimal long entry point after a few big impulses that took it to almost +100% within days.
I did a little backtesting analysis with what little knowledge I possess.
Take a look, and tell me what you guys see. THETA moon? or still a chance to enter at its strongest support (~$6.5)?
PLTR at support and has high bullish sentimentShort Put : 18-strike expiring 4/16 for $0.69. Short 16 delta and has a 75% POP. It is also very cheap at $400 BPE for a solid 17.5% ROC.
This is a neutral to bullish play with a modest room to the downside and still profit from the trade. This will give you the highest possibility to win and the best part is that you don't need to predict the direction as long as it stays above $18. Close this at 50%-75% profit, 150%-200% loss or 20DTE, whichever comes first.
XBI High Conviction ReversalThe Biotech is oversold and is looking to revert back to mean. It is currently at its 180 SMA and ended Friday green forming a hammer candle pointing to an upwards move.
Trade Ideas:
Shares long between 136-140 to 145, 150, 160+ price targets. Bullish.
Short Put at 115 expiring 4/16 for $1.15 Credit. $1150 BPE is a little pricy, but still a decent max ROC of 10% but has a 90% POP. Neutral to Bullish.
Short Strangle 115-160 expiring 4/16 for $2.3 Credit. $1400 BPE, 20 max ROC and 78% POP.
AAPL High Conviction ReversalApple is at key trendline and 200SMA support right now. It is one of the more oversold tech players and will likely reverse back to its mean.
Trade Ideas:
Shares : Long around 117.5 for 125 and 130+. 5-10% Swing.
Covered Call : 131.25 expiring 4/16 for $1.5 credit. 17.5% assignment probability and a 12% covered return.
Credit Put Spread : 110-111.25 strikes expiring 4/16 for $0.33. 64% POP and max loss of $92.
Short Put : 100 expiring 4/16 for $1 credit. 92% POP and $1000 BPE for a 10% max ROC.
Strangle : 100-140 expiring 4/16 for $1.65 credit. 80% POP. $1170 BPE for a 14% max ROC
THETA CALL MATURED IN 13 DAYS 157% GAINSTHETA CALL MATURED IN 13 DAYS 157% GAINS
Forget #DOGE #DOGECOIN Try #THETA add us to your like / watch list
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Safe trading everyone
Check the original call is below in the links related. posted on 15th Feb 2021
THETA.USDT (Y21.P1.E2).Stalking BULL FLAGHi Traders,
Keeping it short, below a many macro charts and theta is one of those you don't won't to miss out.
Right now, I see it going parabolic and hence risky and rewarding.
I will be looking to use the 4 hrly chart \ trend as potential entrance. Its one of those difficult ones as you have to keep an eye out for it, for a bullish candle entrance.
All the best,
S.SAri
THETA’s technical breakout eyes upswing to 10 USDTThe price is trading within the confines of an ascending parallel channel.
THETA has just broken above an ascending channel’s middle boundary resistance, restarting the uptrend.
The MACD had flipped bearish but is currently giving out a bullish impulse.
The uptrend is supported by improving technical levels based on the MACD.
Resistance at $8 may either stop or delay the upswing and perhaps lead to an increase in selling orders.