THETA AnalysisTHETAUSD is approaching a crucial point, it will likely break to the upside from this dominant position above the mean trendline of the current run
This breakout theory is exacerbated by the BTC pair which is retesting the top of a falling wedge, which is quite bullish for price and will likely result in a large bounce
I have not looked much into THETA technicals, this is my first analysis of the coin..
THETAUSD
THETAUSD aiming at $35THETA has been trading within a Channel Up on the 1D time-frame (logarithimic scale) since the COVID bottom, with distinct Higher Highs and Higher Lows. At the moment it is trading almost on the Higher Lows trend-line and is on critical crossroads as the 1D MA50 (blue trend-line) is about to cross below the 1D MA200 (orange trend-line) and form the technically bearish formation of the Death Cross.
However, last time the 1D Death Cross was formed was back in the first week of April 2020, right after the COVID March Bottom and that turned out to be a strong Buy Signal instead. The CCI has also rebounded on the -290.00 CCI level which was the March 2020 COVID low.
Practically that means that if the Death Cross turns into a Buy Signal again, THETAUSD should go after a new Higher High within the Channel Up, and a $35.00 Target based on a 1.5 Fibonacci extension estimate would seem modest.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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THETAUSDT D1: 500%+ gains THE BEST Level to BUY/HOLD (UPDATE)Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
THETAUSDT D1: THE BEST Level to BUY/HOLD 500%+ gains(SL/TP)(UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: THETAUSDT D1 chart review
::: chart looks good /strong
::: still valid today / great setup BULLS
::: BULL FLAG setup with massive upside
::: still expecting pullback off the highs
::: get ready to BUY LOW later
::: accumulation in range previously
::: then we had 150% gains PUMP
::: we had 2 pump already before this
::: 265% pump - pullback
::: then 150% pump and now pullback mode
::: expecting short-term pullback
::: BULLS get ready to BUY after pullback
::: TP bulls is +500% gains later
::: expecting decent gains soon
::: 20-30% pullback short-term
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +500% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Theta Network (THETA) - June 27Hello?
Traders, nice to meet you.
Follow to get new information quickly at any time.
Please click "Like" as well.
Have a great day today.
-------------------------------------
(THETAUSD 1W Chart)
Because the wave is not completed, you can see the supporting section.
However, if the price is maintained above 4.33578821, it is expected to continue the upward trend.
(1D Chart)
We need to see if we can keep the price at 6.59972404-8.78208911 and get out of the downward trend.
If it falls at 6.59972404, Stop Loss is needed to preserve profit and loss.
However, careful trading is required because it can rise along the rising trend line.
---------------------------------
(THETABTC 1W Chart)
We need to see if we can continue the upward trend with support from 18665 Satoshi-20984 Satoshi section.
(1D Chart)
We have to see if we can continue to rise along the upward trend line.
If it falls, make sure it is supported by the Satoshi section 17437-19486 Satoshi section.
If it falls from the 17437 Satoshi branch, Stop Loss is needed to preserve profit and loss.
------------------------------------------
It's better to make a deal that matches your average unit price.
This is because if the price is below the average unit price, which has been on the rise and falling trend, there is a high possibility that the psychological burden will not make a big profit.
The center of all transactions starts with the average unit price at which you start trading.
If you ignore this, you can proceed with the transaction in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and control the portion of the investment, ultimately allowing the funds to generate revenue on their own.
---------------------------------------------------------------------------------------------
** All indicators are posterior indicators.
Therefore, you should be aware that the indicators move according to the price and volume of transactions.
I'm just talking upside down for an interpretation of the indicators for convenience.
** The wRSI_SR indicator is an indicator created by adding settings and options from an existing Stochastic RSI indicator.
Therefore, the analysis is the same as the existing Stochastic RSI indicator. (K, D wires -> R, S wires)
** The OBV indicator was re-created by applying the expression DepthHouse Tracking, which is an indicator released by oh92. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee gains or losses on investment.
Abbreviation description shown in chart
R: A point or section of resistance that requires a response to preserve revenue.
S-L : Stop Loss Point or Section
S: Points or intervals that can be purchased to generate revenue from support points or intervals
(Short-term Stop Loss is a point where a split transaction can preserve gains or losses or further entry. It's a short-term investment perspective.)
GAP refers to the difference in prices that occurred when closed because the stock market, CME, and BAKT exchanges do not trade 24 hours a day.
G1: Closing price when closed.
G2: Poetry at the opening.
(e.g.) Gap (G1-G2)
THETAUSDT D1: THE BEST Level to BUY/HOLD 500%+ gains(SL/TP)(NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
THETAUSDT D1: THE BEST Level to BUY/HOLD 500%+ gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: THETAUSDT D1 chart review
::: chart looks good /strong
::: setup still valid as of right now
::: BULL FLAG setup with massive upside
::: still expecting pullback off the highs
::: get ready to BUY LOW later
::: accumulation in range previously
::: then we had 150% gains PUMP
::: we had 2 pump already before this
::: 265% pump - pullback
::: then 150% pump and now pullback mode
::: expecting short-term pullback
::: BULLS get ready to BUY after pullback
::: TP bulls is +500% gains later
::: expecting decent gains soon
::: 20-30% pullback short-term
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +500% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Theta Cup & Handle patternBullish cup and handle patters are one of my favorite. They incorporate the two most successful patterns your statistically trade in your trading careers.
The premise behind a cup and pattern is the rounded bottom gains the momentum of the move, once the momentum brings the price action back up to the price where the decline of the selling pressure began, the investors who bought “paper hands” sell at break even which pushed the price action down again while smart investors see the potential of the momentum in price action and start loading up their bags. This then creates a bull flag. Once the price action comes to the lip of the cup and breaks past, the price target heads to double the height of the cup from bottom to top.
The best place place to put your stop loss beneath the cups handle.
Keep in mind that the entry point is when the lip of the cup starts to break out!! This is very important! You can also play it safer and wait until the breakout comes back to retest the top of the cup flipping the resistance of the cup into support. This is the safest entry point as you know now that you have a support line. It is smart to move you stop loss to break even once the price action gets about one and a half cup sized up, then you’d place your stop loss at the lip of the cup.
Here are the price targets and stop losses for this setup on theta!
Stop loss: $7.34
Entry:$9.964
Target: $14.95
THETA - Consolidated (As you asked)THETA has consolidated enough on this price range
Meaning that if we get a little more support we can pass this resistance shown on chart. Also if the price doesn't get any support, it might fall to the lower price range which I've shown on chart.
I'm more positive about the pump because indicators are showing strength and also trading platforms are showing high Buy volume which supports this pump as it should.
Current Market Price: $8.832
Good Luck
Tell me your ideas. Like and Share
Theta Network (THETA) - June 7Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(THETAUSD 1W Chart)
If support is found above the 7.12330856 point, we expect the uptrend to continue.
(1D chart)
We should see support at the 8.78208911 point and see if we can move above the 9.87327158 point.
If it falls from the 6.59972404 point, Stop Loss is required to preserve profit and loss.
-------------------------------------
(THETABTC 1W chart)
It remains to be seen if the price can be maintained above the 18665 Satoshi-20984 Satoshi section.
Since it touched near the 12434 Satoshi point and rose, I think the possibility of a second wave of an upward wave falling below the 12434 Satoshi point is open.
If the 12434 Satoshi point is falling to find support, it is important to see if it can move up along the uptrend line (1).
(1D chart)
We will have to wait and see if we can move above the 25631 Satoshi point along the uptrend line.
If it falls from the 17437 Satoshi point, Stop Loss is required to preserve profit and loss.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Tfuel 26 days to Main Net 3.0 = Sleeping Godzilla?!Hi, thank you for reading this idea!
we are looking at the Daily timeframe.
as you can check on the official Theta Lab Website (www.thetatoken.org), We have only 26 days left To the lunch of Mainnet 3.
as you may not know: this update is focusing on the Tfuel Staking through their Edge Node and etc.
Based on the Ichimoku cloud, there are two points that I have marked in the chart that we have to watch carefully.
if the Ichimoku completes its move to the upside, a Massive Price break out is very possible.
This is only an Idea, Always stick to your own analyses, keep studying charts and
Wish you all the bests.
THETA 1D Where to sell and where to buyLet's take another look at THETAUSDT on the global chart today
Since the 75% drain of the coin cooled the dust of small investors a little.
First, let's look at our previous idea THETAUSD , which was published 2 months ago.
Then we wrote that if the price is kept above $11, then there will be a chance for growth to $18. We did not see $18, but the market fixed the maximum +45% at $15.88.
And then the price was drastically lost in two passes. We should recall the words from the last sentence of the previous idea: "a cool head suggests that big money went to THETA in the region of $2"
The minimum price of THETA during the drain was $3.85 and then a corrective rebound began, which continues to this day.
An important area on top is $9.15-11.30 , where current growth can be expected. It is hard to believe that the THETAUSDT price will break this zone up from the first time.
And then we again return to the liquidity zones from the bottom, where the coin was bought with a lot of money.
The first zone is $1.50-2.40
The second zone is $0.55-0.75
(of course, sellers will first need to push the price below $4)
For the future, place buckets for purchases in these zones if the negative background continues to push cryptocurrency prices down.
P.S:
Let's not say that we want these prices, but theoretically, they are real on the crypto market because the price of THETAUSD has grown from $0.04 to $15.88 in a year.
_____________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Theta Network (THETA) - May 22Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(THETAUSD 1W chart)
(1D chart)
It remains to be seen if it can rise above the 6.75133141 point along the uptrend line.
If it falls this way, you can touch the 4.33578821 point, so you need to trade carefully.
In order to turn to an uptrend, it must rise above the 8.78208911 point and be supported.
The next volatility period is around May 25th.
--------------------------------------
(THETABTC 1W Chart)
(1D chart)
We must see if we can quickly ascend above the 17437 Satoshi point.
If it falls this way, you can touch the 13341 Satoshi point, so you need to trade carefully.
In order to turn to an uptrend, it must rise above the 18665 Satoshi point and gain support.
--------------------------------------
It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.
GAP refers to the difference in prices that occurred when the stock market or CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
THETA - Risky (As you asked)Most of the time I can do a trading setup for coin easily, but this time I tried to find a setup for THETA but it's really not worth it.
The whole THETA market looks bearish and risky. so I'm just gonna tell your about the support and resistance areas.
There is a small support line on the chart which might keep the price up, but if broken: the price will land on the "main support" area.
and also the same for the resistances... The price might cross the local resistance if the volume builds it up but it will definitely have a difficulty crossing the main resistance area.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
Tell me your ideas. Like and Share 🗣✅
Altcoins Update: ThetaVolume and Price action shows:
Target 1: 29
Target 2: 71
Target 3: 160
P.S: Anything I say or do, should always be taken with a pinch of doubt. You might make or lose money based on my opinion, but you are solely responsible for your own actions. I am not your financial advisor!