THETA: Price Action Poetry
THETA seems well positioned for a long with a minimal downside with a tight stop-loss.
A counter short could also be an option with a even better stop-loss than a long.
Thetashort
THETAUSDT possible breakoutBINANCE:THETAUSDT chart made a bullish wedge on daily timeframe also MACD momentum is getting weaker.
if breakout happen we may see BINANCE:THETAUSDT price between 6.0$ - 5.5$.
#NFA
Like and share if this helped.
IS THETA a forward indicator for the rest of the market??this is just an idea. don't take it to heart. just a thought.
THETA has had an absolutely phenomenal run so far.
from bottom to the top basically did a 150X.
very impressive.
However, I do believe that it's done. Its completed its run up. for now at least.
I count 5 major waves, and if you actually look inside each of the waves, you can actually count out another 5 waves. the 2W chart don't show the individual waves as clearly, but if you look at the weekly you can count 5 smaller waves within each of them.
and the waves are valid because the 3rd wave isn't the shortest, theres a 1.1 ratio of the 3rd wave vs the 1st wave so this count is valid.
Additionally, rising wedge on 2W RSI.
I dunno bout you boys, i reckon this is done.
1st major support round:
- $3 range. ranges are pretty broad coz they're weekly OBs.
then
- $2 range
then
$0.70
$0.40
$0.26
this is crypto after all, tbh, I wouldn't be surprised to see $0.70 again, but then again. wth do i know.
im just a joker boys.
Maybe this is a sign of what is to come to crypto? we'll see, i'll be watching this thing though
THETA Coin Next Probability I'm Doing Short From 0.58 .
Risk & Rewad Is Same.
Use Tight Stop-loss, Also Look At Weekly Chart.
Theta Coin Now Forming Bearish Divergence.
Do Your Own Anylysis Before Take Any Trade.
Don't Buy In Fomo. I'm Not Responsible For Your Loss Even Profit.
Stop-loss & Take Profit Is Availabe On The Chart.
If U Appreciate Analysis,
Hit The 👍👍 Button.
