THETAETH
THETAETH Has Broken Above the Resistance by a Large Candle
Welcome back Traders, Investors, and Community!
Hi Traders, THETAETH has broken above the Resistance by a large green candle. It seems it’s a beginning of a new trend.
⬆️Buy now or Buy at 0.002249
⭕️SL @ 0.00198
✅TP1 @ 0.0026130
✅TP2 @ 0.0031735
✅TP3 @ 0.0037850
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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.
THETA Is Set To Outperform ETHEREUM In The Long RunTheta is recently shining with its bullish price action and the fundamentals behind. It is sometimes better to look at your investments at a wider perspective and not worry about short term price price fluctuations. In 2021, THETA might possibly outperform ETHEREUM and make its investors happy.
THETA/BTC (Back at Key Level Support)💎Technical Analysis Summary💎
BINANCE: THETABTC
-THETA is back at the previous support key level area
-This is crucial at this moment if this zone will hold
-If we can not see any recovery back to 5500s sat in the next few days
-It would tell us the Bulls has started weakening
-And any moment the Bears can still enter the market
-I don't recommend buying at this point if you don't follow proper RM
-But if you are looking to Short the market, wait until the support is broken
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THETA/BTC (Hits Daily Key Level)💎Technical Analysis Summary💎
BINANCE: THETABTC
-THETA hits the key level of support around 4700s sat range
-The daily candle is not yet close but it is looking a bit bullish
-I'm not saying this will pump the next day
-But only showing a little strength at this region
-Better to wait for the next candle pattern
-Before making your decision to enter or not
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THETA/BTC (Retest Important Key Support?)💎Technical Analysis Summary💎
BINANCE: THETABTC
-Theta Token failed to create a Higher High
-The price rejected at around 7000s sat area
-It will likely to retest the key support area around 6200s sat
-That would be a sign of weakness and the Bears might enter the market
-So please be cautious buying at key support
-Use proper stop loss location and follow your trading plan
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Trading Involves High Risk ⚠️
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THETA/BTC (Strong Uptrend)💎Technical Analysis Summary💎
BINANCE: THETABTC
-Theta Token still trading on an uptrend channel
-The upward trendline of support still valid
-Currently, it is forming a small descending wedge
-If a breakout to the upside happens, the target is the recent top
-As long as the upward trendline is holding
-The Bulls have control of this market
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THETA/BTC (Testing Important Fib Resistance)💎Technical Analysis Summary💎
BINANCE: THETABTC
-We can see multiple rejections at the last Fib resistance area
-And Theta Token is trying to break above 0.786
-This is Bullish if the daily candle closes green
-Provided it can hold above resistance area for at least 5-7 days
-But I don't want to be optimistic at this level
-Because of the warning signs like RSI, price action, low volume, & pattern
-Yes, the price may still increase by up to 16%
-But on the risk to reward perspective, it is not good
-I would rather wait for a trendline support retest
-Before looking for a Bullish/Bearish trade idea
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Theta rising wedge. Is massive dump next?After weeks of growth Theta created rising wedge. Usually this pattern breaks down massively.
It can go higher but it's very dangerous to buy/hold at this levels.
StocRSI also cant sustain at this levels. I see stocRSI falling below 20, creating another buying opportunity in coming months.
I think this will play out in 1-2 weeks.
THETA/BTC (Sign of Weakness?)BINANCE: THETABTC
-Theta Token is trading inside an ascending channel which is Bearish
-And a potential Bearish Double Top reversal pattern
-The pattern still unconfirmed until the base neckline is broke down
-Also, the upward trendline of support still intact
-If you have a swing position from the start of its uptrend channel
-Please take profit now and move your stop loss at key levels
-Because can see signs of weakness especially the RSI and low volume
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Please Exercise Risk Management
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#THETA | Long Time To Climb THETA/BTC ( Long Term )
Enter between : 0.00001384 - 0.00001298
Target 1 : 0.00001690
Target 2 : 0.00002136
Target 3 : 0.00002532
Target 4 : 0.00003170
Target 5 : 0.00003787
Target 6 : 0.00004855
Stop loss : 0.00001066
Risk/Reward : 20%/260%
Do not risk a large amount of your money
Do not hurry to buy, the price may go down to good places
THETA/BTC (Uptrend Continues?)THETA/BTC
-the recent high at 2800 has been broken
-and a new higher low is set just above the 50ma
-this is looking good for THETA
-the green line is the potential area for rebuy entry
-provided there will be bullish strength in this region
-it will also signal a flip of resistance to new support
-the upside target is up to 3700-4100 range
-ideal stoploss is placed under 50ma
THETA/BTC (Retest Swing Low?)THETA/BTC
-failed to hold previous support at the 2600s
-the price is testing the immediate area of support at the 2370s
-if this minor area of consolidation fails
-we will likely see a retest of swing low at the 2100s
-it will be a good bounce trade setup if a reversal is confirmed
THETA/BTC (Bearish Confirmation; More Downside?)THETA/BTC
-my previous analysis on THETA confirming the break of support
-was followed with strong downtrend action
-the price went down over -25% since the Cross Ultimate signal
-our downside target is between 2000-1800s
-that's the range of potential bounce play trade setup
-market structure is fully bearish now
THETA/USDT (Bearish Pattern Confirmed?)THETA/USDT
-the key flat support area is broken by a 4hr candle
-the market pattern is also a bearish H&S
-if the downward pressure will continue
-the target below is between 0.19s-18s
-that level is a good bounce play trade
-but if you are in a short position now
-a good stoploss is placed above 0.258s
THETA/BTC (Potential Relief Bounce?)THETA/BTC
-strong uptrend is now over
-upward trendline of support is already broken
-the price hits a previous consolidation area
-and immediate reacted to it as potential support
-if this drop will respect the 3400s as support
-we might expect a relief bounce to retest the trendline
-daily consolidation is right on the table now
THETA/BTC (Bullish Candle Breakout?)THETA/BTC
-strong breakout of descending trendline resistance
-daily candle must maintain above trendline resistance
-we need to see follow through the next candle
-bull cross of 50ma and 20ma
-upside potential is the swing high at 1800 sats
-our stoploss is below 50ma
THETA/BTC (New Local Bottom?: up to 35% profit)THETA/BTC
THETA bounced at the previous accumulation zone during the Jun-Nov 2019 trading history.
Also, a downward trendline of support is built which could act as immediate support if the price has to pull back again.
This will be our stop-loss area if this bullish scenario becomes invalid. The upside potential is up to 1400 sats or higher.
THETABTC Bullish Breakout Update and fresh setup hereTHETA/BTC now current price is 1582 Satoshi.
After hit our 1st and 2nd Targets we can see some retramecment
Retracement would be 1250-1350 Satoshi also posible.
I can buy more when it will come down.
because now I can expect retest at previous breakout support.
Support :1171/1266 Satoshi
Resistance : 1831/2625 Satoshi
And hope you also booked 30% profit from first entry.
I also booked.
So keep an eye on every update
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thank you