THETAUSDT Trend Reversal Confirmed !THETAUSDT TEchnical analysis update
BINANCE:THETAUSDT 's price broke out of a triangle pattern on the daily chart after 150 days of consolidation, accompanied by high volume. The price is now trading above the 100 and 200 EMAs, confirming a trend reversal. This breakout signals potential for further upward momentum, as buyers regain control.
Buy level: $1.60
Stop Loss:$1.25
THETABTC
#THETA/USDT#THETA
The price is moving in a descending channel on the 4-hour frame and is sticking to it very well and is expected to break it upwards and it has already been broken
We have a bounce from a major support area in green at 0.1550
We have a downtrend on the RSI indicator that has been broken upwards which supports the rise
We have a trend to stabilize above the 100 moving average which supports the rise
Entry price 1.20
First target 1.36
Second target 1.50
Third target 1.66
Theta Cup and Handle!!!Theta Cup and handle has formed. After a very strong wave 1, price has retraced 88% to the top of the Accumulation channel forming a Cup and Handle. Cup and handle formation has a 95% probability of bullish momentum. Target for this swing trade is 19 usd at the final 1.618 extention of wave 3. Theta is currently breaking out of a falling wedge that can be seen on a linear scale chart.
Target 2.5Following daily chart, got a long signal from my indicator.
Expecting a breakout here.
TP1 1.63 - which I'll follow and close my position. ( around 8% gain)
TP2 2.1 - which is cup & handle target
TP3 2.5 - which is falling edge break target.
I am not sure for TP2 and TP3 because my strategy is mostly based on correction and for TP2 and TP3, we need to breakout 2 EMA's on the chart, which is sometimes hard. If it break, you can follow TP2 and TP3.
I'll close under 1.37 but following indicator to stop.
What are your thoughts?
THETA is bearishBefore anything, pay attention to the time frame of this analysis. The time frame is daily.
The THETA structure is completely bearish.
Below the candles we have liquidity pool and liquidity void.
The main support is the range that I named demand.
By maintaining the supply, it can move towards the targets
Closing a daily candle above the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
THETA/USDT Trading ScenarioWe're looking into the scenario of price movement development on THETA.
Right now, the asset is trading below the resistance level at $2.5757. There's a chance it could break through this level if the volume profile supports it. This could show that buyers are getting more interested.
The next significant resistance is at $3.1098. From this level, there might be a correction and testing of the broken level, which will confirm its strength as a new support.
There's a chance that further consolidation under the new level, with a probable move higher, will be seen. This will depend on the preservation of buying pressure and favorable market conditions.
#THETA/USDT#THETA
The price is moving in a triangle on a 12-hour frame, which it adheres to perfectly.
We have a major support area at the level of 0.1165.
We have a trend for stability above moving average 100.
We have a downtrend on the RSI indicator that supports the rise and is about to break higher
Entry price is 2.50
The first goal is 2.77
Second goal 3.14
Third goal 3.56
# THETA/USDT# THETA
The price is moving in a downward channel on a 4-hour frame and we have a green support area at the 2.40 level
Now we have a breakout that is about to occur well after bouncing from the green zone
Our RSI indicator has a trend that is about to break to the upside
Entry price is 2.80
First goal 3.06
Second goal 3.40
Third goal 3.80
THETAUSDT Ascending triangle 2D chart This is my current chart for THETA right now. Currently, I am using long timeframes here because this is a long term trade for me personally. I believe many of us are involved for the long term as well , not a quick money grab.
Technical Analysis POV:
We have been in a side trend ever since May 15,2022. Pumping hard and crashing hard. Thats what sidetrends are we go up and we go down until we enter a new trend. From the looks of the 2D chart, It looks like we should be attempting a breakout on the "#4?" in the chart. A breakout of the yellow trendline would lead us to a change of the sidetrend into an uptrend. I see low chances of ever reaching 0.7 again or lower, higher chances are we go up right now.
I also see a formation of an ascending triangle on the bottom of the chart, which could support my thesis of "this was the bottom". My target price for the long term right now is $3.81 which is more than 300% increase in price.
Fundamental Analysis POV
Fundamentally, THETA TFUEL has been cooking up A LOT . If you have been in twitter lately, you may know by now what THETA has been up to lately. New partnerships and projects joining THETA's ecosystem as well as more patents for THETAs technology .They just delivered a new roadmap as well and it looks very promising. With the support of ecosystem projects to go live with TNT20 tokens coming up on Q2 any time from April to June price action looks promising.
Overall, Q2 looks like a promising month for THETA TFUEL
THETA/BTC - Theta Network: Super Trend◳◱ On the $THETA/ CRYPTOCAP:BTC chart, the Super Trend pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.00005259 | 0.00005928 | 0.00007199 and support near 0.00003988 | 0.00003386 | 0.00002115. Entering trades at 0.00004774 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Theta Network
▣ Rank: 41
▣ Exchanges: Binance, Huobipro, Hitbtc
▣ Category/Sector: Media and Entertainment - Content Creation and Distribution
▣ Overview: The Theta Network is a blockchain protocol for improving the process of creating, streaming, and consuming video content online. Theta Tokens are used in the network to incentivize users to act as peers who share redundant or excess computing and bandwidth resources with other peers. In June 2021, Theta Network added NFTs, e.g. trading cards of media celebrities, to the product portfolio.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00004774 ₿
▣ 24HVol: 19.208 ₿
▣ 24H Chng: 8.574%
▣ 7-Days Chng: -6.35%
▣ 1-Month Chng: 174.98%
▣ 3-Months Chng: 217.73%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00005259 | 0.00005928 | 0.00007199
◢ Support: 0.00003988 | 0.00003386 | 0.00002115
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 8.92
▣ Last 90D: 4.23
▣ Last 1-Y: 1.58
▣ Last 3-Y: 0.25
◲◰ Volatility :
▣ Last 30D: 1.51
▣ Last 90D: 1.17
▣ Last 1-Y: 0.83
▣ Last 3-Y: 1.10
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.35 - Bearish
▣ Reddit sentiment score is 0.31 - Bearish
▣ In-depth THETABTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
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BINANCE:THETA/USDT - Falling wedge breakout---------------------------------------------------------------
Description
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+ THETA is breaking out from the falling wedge.
+ this clear breakout gives a us good opportunity for a long trade.
+ We can expect a minor correction, however our stoploss is good enough not to get hit
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VectorAlgo Trade Details
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Entry Price: 1.001 - 1.0237
Stop Loss: 0.9047
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Targets 1: 1.0801
Targets 2: 1.1413
Targets 3: 1.2698
Targets 4: 1.4014
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Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-10x
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Note: Don't forget to keep the stop-loss.
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Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
#THETA/USDT | Going Up#THETA
The price is moving in a downward channel on a 1-day frame, and the channel has been broken to the upside
We have a higher stability moving average of 100
We have a positive divergence on the RSI
The entry price is 1.14
The first goal is 1.20
Second goal 1.29
Third goal 1.413
Important support and resistance areas : 0.713-0.774Hello?
Hello traders!
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(THETAUSDT chart)
The key is whether the price can be maintained by rising above 0.929-1.341.
(1D chart)
To do so, it is important to be able to receive support and rise in the 0.713-0.774 range.
Since the M-Signal indicator on the 1W chart is passing around 0.697, it is necessary to check whether it can receive support around 0.697 and rise above 0.713.
If it falls below 0.635, there is a possibility of a new low, so caution is required.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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THETA LONG TERM analysis ⏰theta MYX:THETA :: strong project #dyor
Old good project used in meta+ai which helps in future generation ☺️
BUY :: $0.34-44
Month Below $0.19 ( invalid ⚠️ ) #sl
Sell :: $1.5 - $3.7 - $6
Not expecting above $6 but trend and money flow increase breaking $12
Lead to $26 & $38
#principaltrade :: $2
THETA/BTC - Theta Network: Resistance_Breakout_Confirmation◳◱ An impressive Resistance Breakout and Confirmation has been detected on the MYX:THETA / CRYPTOCAP:BTC chart. The price has surged above a key resistance level, accompanied by a compelling candle pattern, thereby signifying a promising bullish trend. Notable resistance levels can be pinpointed at 0.0000252 | 0.00002652 | 0.00002869, while substantial support zones are identifiable at 0.00002303 | 0.00002218 | 0.00002001. It is highly recommended to seize this opportunity by entering a trade within the present price range of 0.00002546 and setting sights on higher levels of profitability.
◰◲ General info :
▣ Name: Theta Network
▣ Rank: 54
▣ Exchanges: Binance, Huobipro, Hitbtc
▣ Category/Sector: Media and Entertainment - Content Creation and Distribution
▣ Overview: The Theta Network is a blockchain protocol for improving the process of creating, streaming, and consuming video content online. Theta Tokens are used in the network to incentivize users to act as peers who share redundant or excess computing and bandwidth resources with other peers. In June 2021, Theta Network added NFTs, e.g. trading cards of media celebrities, to the product portfolio.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00002546 ₿
▣ 24HVol: 9.556 ₿
▣ 24H Chng: 2.744%
▣ 7-Days Chng: 7.53%
▣ 1-Month Chng: 19.10%
▣ 3-Months Chng: -32.07%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0000252 | 0.00002652 | 0.00002869
◢ Support: 0.00002303 | 0.00002218 | 0.00002001
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 3.31
▣ Last 90D: -2.02
▣ Last 1-Y: -0.11
▣ Last 3-Y: 0.86
◲◰ Volatility :
▣ Last 30D: 0.59
▣ Last 90D: 0.64
▣ Last 1-Y: 0.78
▣ Last 3-Y: 1.22
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.35 - Bearish
▣ Reddit sentiment score is 0.42 - Bearish
▣ In-depth THETABTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
The key is whether you can rise with support in the 0.799-0.871 hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(THETAUSDT chart)
Looking at the 1M chart,
There is a possibility that a full-fledged uptrend will begin only when it rises above 1.127.
Looking at the 1W chart,
A rise above 1.336 is expected to initiate an uptrend.
In order to do so, it is important to be able to sustain the price by rising above 0.764.
The Bollinger Bands are contracting, but they are near the bottom, so trading with caution is advised.
(1D chart)
We need to see if we can keep the price above 0.660-0.714.
However, when it is supported and rises in the 0.799-0.871 section, it is a buying season.
1st: 1.127
2nd: 1.336-1.401
Split selling is possible when resistance is received in the first and second sections above.
If it falls below 0.660 and is resisted, it may fall to around 0.316, so countermeasures are needed.
If you buy because the price is cheap, you may need to wait for a considerable period because you never know when the trend will turn upside down.
Therefore, it is best to get a good idea of when prices are starting to rise and start buying near them.
To do so, you can look at the 1M, 1W, and 1D charts, identify the corresponding important sections, that is, support and resistance points or sections, and create a trading strategy tailored to your investment period.
The 0.799-0.871 section, which is the buying period mentioned above, corresponds to the section where buying is likely to start in that sense.
However, in the mid- to long-term, it is when the price rises above 1.336, and in the long-term, when it rises above 1.127, it is the time to buy.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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