On a larger 1D frame, theta chart is clearly a cup and handle , the handle is completed and a reversal is being played, this is going tobe big uptrend from theta, check chart for more details.
Theta looks good but we need a real breaking confirmation. Should wait it breaks 1Day EMA50 around 2600ish. so should be patient and wait around 2650+ to have a real buying option. Sell it before 3200 Sats. Strong resistance here. And don't forget to monitor BTC as always. Happy Tr4Ding !
$Theta has leveled off and slowed seller volume around .786 fib level. We are seeing a potential cup form over the last 4 weeks which gives weight of a strong formation. Current forming a pennant off the bottomed .786 level. If pennant breaks then we could sell at .27 for easy profit. If pennant breaks then look to see bounce around .21. Could see it test .21...
UCTS Buy signal on the 6H Sitting at EMA200/~2250sats Volume is low for now Trying to break descending trendline for at least a small bounce MACD (bullish div) & RSI slowly turning If 2750 breaks with volume, aim for higher targets #THETA
The entire market seems to be holding it's breath at the moment, so trading is risky. That said, this is the best looking setup to me at the moment. Broke descending resistance, oversold bull div , potential double bottom - needs to break the horizontal black line. And Bitcoin needs to behave.
Around 2090 satoshi is the where 0.78 Fibonacci retracement meets the support line (line between two previous tops. In my mind that's a PERFECT ENTRY FOR THETA !!!
* bullish divergence on RSI, MACD and Stochastic * we are almost at 78.6% Fib Retracement of the initial run * @binance added $THETAUSDT trading pair * 1st target 50MA
$THETA Reached a good support level at ~22k sats... Sitting over EMA200 Volume is still low but it could be a good place to start accumulating after a 50% drop... If it fails to hodl, ~19k sats seems to be the next level If it bounce from here targets are on chart #THETA
yellow line feels like a given. Then either the red or green. Green feels more likely
THETA looks like its completed a large degree 1 and a 2 that has retraced 0.618. from here i'm expecting a wave 3 that will have a minimum length of wave ones 420%, and probably more. I've also place a conservative target at all time high just in the interest of caution. if you've found this useful, feel free to donate. thanks. BTC:...
Theta seems like it is almost done correcting with a falling wedge pattern. Note the bullish divergence on the daily (not yet validated though) Buy orders in the green zone. Targets will be called once it is done correcting.
#THETABTC Buy: 2699 - 2530 Target: 2651 - 2810 - 3030 - 3256 - 3567 - $hold Stoploss: 2414
$THETA Showing first signs of correction ending... UCTS buy signal on the 6H. Retrace reached .618 fib level.. Sitting between EMA50/100 RSI Stoch and RSI trying to turn Volume slightly appearing.. This COULD be current bottom. Be caution about this sentence. #THETA