THETA - The next stage comethFollowing the rally in BTC is it likely we will see THETA and other alts follow suit? If so, will we get a cross of the 1D MA20 over the 1D MA50 to trigger a similar impulse to a high as we have previously seen? If so, how high will THETA go?
Let me know in the comments.
Thetatoken
THETAUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
THETA SELLING OR SHORT ZONESIf you hold THETA SELL at current price because it is facing a local resistance at $5.63 . If THETA manage to break this resistance then the next two target for sell or open a short position might be 5.87 & 6.10 Doller. You should use the SL above 6.29 for a short positiion.
Theta token analysis* Theta token in daily time frame forms a Descending triangle pattern, with the above trend-line working as the resistance for the price and it's major support near $3.500.
* Currently the price is in a tight consolidation between, a Horizontal line as a support near $5.500 and the above trend-line.
* If the price breaks the above trend line we can expect a bullish move till TP1 = $7.200, TP2 = $8.600
* And if it breaks the $5.500 level it will back to it's major support.
💡Don't miss the great buy opportunity in THETAUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (6.425).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. THETAUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 7.528
TP2= @ 8.538
TP3= @ 10.099
TP4= @ 11.338
TP5= @ 13.195
SL= Break below S2
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THETA - Leading the recovery?I've mentioned elsewhere the prospects for Theta and how it seems to be leading the recovery in the major alts, at least the ones I'm watching, so I thought I should share here.
As seen in the daily chart above, Theta has formed a very nice right shoulder to a potential Inverse Head & Shoulders pattern. The neckline is at $6.75, which is within spitting distance from here, and a break to the upside of this line of resistance projects a rally to $10, back into the double digit valuation.
The corrective structure can be seen to be completed in Wave Counts, and there is a nice bullish engulfing bar at the bottom signaling a trend reversal.
With head height in the RSI and lots of space for the MACD to extend, things are looking decidedly bullish for THETA.
Will we see $10 and higher soon?
THETA/USDT BULLISH MOVE UPWARDS EXPECTEDTHETA is currently in my trigger zone here, A retest is still pending. If we see a daily close above my trigger zone that will add more confluence to the whole setup here. It would be best to buy at retest the next day if that happens. Whenever I mention a trigger, it means that a momentum candle (no wick) close above it (gray area) and then a retest and we're off towards our targets.
Enjoy the trade. Cheers!
-Mr. Khan
MUST BREAK LEVEL FOR THETA!!Theta has been stuck inside a downtrend channel since around the end of march and has been unable to fully breakthrough out of this channel, the most we have seen is a few wicks above the channel, if we want to see theta go on a big run here we will need to see a break of a few key levels, first the top of the descending channel, the 0.2 FIB level which is lying directly above the top of our channel and then finally the first point of resistance coming from the pivot points. we have actually crossed the bullish pivot point but not by too much, our candles recently have been sitting almost right on this point and i feel we gotta make a move upwards soon before we risk falling back below this level. Looking at the bollinger bands a very key thing that could happen would be price action grabbing onto that top band and going for a rollercoaster ride upwards, which i think would completely blow us right through these few key points i was talking about, in order for that to happen though we need to atleast breakthrough the top of the descending channel, once that is done the top bollinger band will be right in our reach! Looking at the MACD we are seeing good separation within the MA's but i notice the blue ma is starting to come down a bit towards the orange, now this is very important because if we don't see a bounce on the MACD due to a runnup in price we are playing with a possible bearish cross which could definitely set us back even more, we could start to see a little bear cycle on the MACD if our histogram continues to shrink the bars its printing! Not financial advice just my opinion!
THETAUSDT { THETA TOKEN } - BULLISH SETUPANALYSIS 🔎
- THETAUSDT was bounded in a descending triangle pattern.
- Price brokeout above the descending triangle's inclined resistance.
- This is a bullish signal.
BUY ENTRY ⬆️
- Market entry: current market price.
- slStop limit entry: Breakout above the horizontal resistance level (@6.75).
- Limit entry: Retest of the descending triangle's resistance.
TARGETS 🎯
- Horizontal resistance level (10.103).
- Horizontal resistance level (@15.88).
SETUP INVALIDATION ❌
- Breakdown below the descending triangle's horizontal support level (@3.47).
THETA/USDT DON'T MISS THE TRAIN BREAKOUTGoodmorning Folks,
NFT's going strong lately so will THETA be.. I have done my due diligence on THETA and appreciate what they stand for and what they do and want to achieve.
I strongly recommend reading about it and do some research on.
On the daily chart we have a Bullish breakout confirmation because price closed above the open price of the black candle..
The price is available in a low price area, bullish breakout is confirmed, RSI around 40 and price fluctuating at the down range of the Bollinger Bands.
If you wanna make a strategized trade this is the time..
See the chart for support levels en price target level..
Quote of the day;
Let the market be your guide.
Like the content if you like and follow for more to come!