Get started

Thetatoken

THETA - Buy the dip! Or sell at loss?Once again it has been a while folks and I hope you are all healthy and well! The market is still moving in its wide trading range of an accumulation phase and I hope all of you have strong nerves! We have experienced several automatic rallies, that got rejected at the previously established price levels (purple for weekly and white for monthy levels). Theta price had experienced a spring (downward movement, followed by a spring upwards) and now we have just seen another shakeout. Remember: Shakeouts can follow after a price advance has started, with rapid downward movement to induce retail traders and investors in long positions to sell their shares to large operators. As long as the price moves within this trading range, we are fine and I wait for a sign of strength, followed by a last point of support. Usually one should watch out for low volume and diminished spread, which will serve as a confirmation. Finally the price should take off. The only problem is that noone can really say how long it will take, so rather then selling at a loss, I used some of my buffer cash to buy a little bit more and averaged down. For price target references I use my monthly levels of resistance (white lines) or supply zones (red boxed), where I will then sell the amount I have just used to average down. Example: Let's say you bought in at 10$ a coin with 1000$, making a total of 100 coins and then the price fell to 5$ (-50%). You can now rebuy another 100 coins with 500$ and average down your purchase from 10$ per coin to (1000$ + 500$) / 200 coins = 7,5$ per coin (-25%). Now, when the price goes back up to 7,5$ from 5$ you are out of the previous loss (-25%) and back at 0%, with the option to sell 500$ worth of coins (~66,6) and keeping the average price. Your initial coin size of 100 would increase to ~133,3 with an average of 7,5$ per coin. That sounds easy, right? It actually is, but the biggest elephant in the room are our emotions... Controlling emotions is a never ending task, which you can get better a by practicing - unfortunately not with demo accounts, but real trading - just start small. As always, do your own due diligence. This is no financial advice, so trade with care! For reasons of transparency: I am invested in $THETA with 1/4 of my account size. The rest is buffer cash for buying dips.
Long
by RedFoxTrading
1
Theta Network (THETA) Sell ZoneTheta Network (THETA) Sell Zone -------------------- BIAS Long-Term : Bullish Risk : High After a correction of over 60% from our mid-term low, Theta Network looks for short-term retest support zone. -------------------- $THETA/USDT SHORT SETUP Leverage : x3 - x5 Entry Price : 4 - 4.25 TP 1 : 3.945 TP 2 : 3.865 TP 3 : 3.75 TP 4 : 3.585 TP 5 : 3.46 TP 6 : 3.335 TP 7 : 3.2 TP 8 : 3.08 Stop Loss : 4.44 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Short
by Zerene
3
Theta Breakout on the Horizon!!?Theta is starting to look good we are currently trading inside of a bullish triangle sort of a larger scale one but we are steadily moving our way to the upside. We are currently battling a heavy resistance level and looking for a break to the upside, ultimately a break out and up of this triangle is the whole goal, now i wouldn't be surprised if we do overtake this current resistance level we have tested it multiple times and weakening it day after day recently! Now for support we are looking good we have the midline on the pivot bands which i will talk about next but we also have underlying support outside of this triangle, so a false breakout and bounce back in wouldn't be unheard of either. Now the pivot bands, same as the bollinger bands our midline currently serves as support and same goes if we break below it will then be resistance. But my main point with this indicator is that if we do slip out of the bottom of this triangle we will most likely see a bounce back in shortly after, price action touching the green band over and over shows a bounce is likely coming and vise versa with the red top band. Now our RSI is looking bullish aswell, we are finally above the midline once again and this reclaims a confirmed uptrend if we can hold above the 50. the midline serves as support aswell as the yellow SMA which is closely tailing the RSI slightly underneath! Overall we are looking bullish like the majority of the market and i think a breakout to the upside of this bullish triangle is likely coming soon in the next week or a bit more! Not financial advice just my opinion!
Long
by JacobR905
THETAUSD targeting $5.2250 on a fractal repeat.Theta Token is trading within a Channel Down and has just recently broken above its 1D MA50 (blue trend-line again). Even though the price remains just inside the Channel Down, that break-out on the previous similar Channel Down of April- July 2021 was a buy signal towards the 0.618 Fibonacci retracement level. That is currently at 5.2250. Notice how we are at the exact same RSI spot of that Channel Down break-out. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:THETAUSDLong
by TradingShot
6
THETA massive contracting falling wedge1W/1D Charts THETA forming a contracting falling wedge bullish pattern and come into a weekly demand zone with high volume as we come into the zone on the bottom. Bullish divergence on daily MACD and converging and showing signs of strength on weekly MACD. Price action on the weekly looks nice on this with impulse moves up and corrective pullbacks into HTF weekly demand zone. Fundamentals are great on this imo, with some solid partners and backing. Ive picked some up at $3 and will DCA more if we pull back deeper into the weekly demand zone.
Long
by marshyyy
1
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 Network (THETA) Buy ZoneTheta Network (THETA) Buy Zone -------------------- BIAS Mid-Term : Bullish Risk : Medium On 4 hours time frames, Theta Network rejection at the expected long term double bottom. Expecting a strong reaction from our entry zone our second retest. -------------------- $THETA/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 3.75 - 4 TP 1 : 4.135 TP 2 : 4.33 TP 3 : 4.65 TP 4 : 5 TP 5 : 5.49 TP 6 : 5.9 TP 7 : 6.435 TP 8 : 7.3 Stop Loss : 3.432 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
1
THETA, the price is already near this resistance. THETA is in a trading range between the $5.2 and $3.6 levels. In addition, the price has already approached the trend line and the middle of the range. These are strong resistance levels and if they are overcome, price is likely to head towards the upper end of the range. A breakout of the resistance could be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
5