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Thetacoin

THETA/BTC Huge Falling Wedge Promises 3.7X Return Minimal Risk BINANCE:THETABTC is in a falling wedge since March of last year. It has broken off the top of the wedge on 24 December and has just touched the top of the structure. I'm betting that this is a retest and that it will reverse upwards from here. Points in favor of this trade: - The falling wedge structure is solid. - We are retesting the downward trendline after breaking it. - We are at the support line of 754 Satoshis which has historic significance. Points Against: - No RSI divergence. We need to see a lower low in price with a higher low in RSI. - We haven't seen a reversal candle yet. - No clear indicator on where to place the stop loss. I would place the stop loss at 20% below the support line because crypto... For the record, this is not good enough of a reason. Trade carefully and good luck. Oh and also, I have NO IDEA what Theta is. This is only a technical trade. No fundamentals involved.
Long
by TechNerdOmar
Theta formed bullish Shark for upto 79.5% rallyHi friends, hope you are well and welcome to the new update on Theta coin. The previous trade setup of Theta produced nice profits: Now this time on a 2-day chart, the price action of THETA has formed a harmonic bullish Shark pattern. Buying and sell targets for Shark move: Buy between: $7.77 to $6.54 Sell between: $9.08 to $11.77 Stop loss: The maximum extent of the potential reversal zone to $6.54 can be used as a stop loss. Possible profit and loss ratio: As per the above targets, this trade has a profit possibility of 79.5%, and a high loss possibility up to 16%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333