Theta Eyes Breakout Of Multi Month Descending Channel-Theta revived nearly 70% the last week
-Price is getting halted at major trend line resistance
-400MA has held prices down for nearly 80 days
Theta Token experienced a massive bull run over the last year as prices rose 1000s of percent. Despite these gains, Theta fell victim of market movements and fell nearly -80% from its ATH of $15.90. As Bitcoin starts its revival off lows, Theta has been attempting to begin a bull trend for the first time in many months.
While looking at the chart, we can see THETA has attempted two breakouts of its multi month channel resistance (green). Price has been respecting this channel for some time as bulls and bears have equally defended it. Along with this trend line lies a major resistance zone from $6.47-$6.85. If bulls succeed in breaking & holding this zone, Theta will be in position for a strong push to the given targets.
Along with these two resistance marks lies the 400MA. This MA has held prices down for nearly 80 days as it has been a strong mark for bears to defend. Breaking above this & holding it will likely allow the push to targets as mentioned above. If the bulls fail to break this mark, THETA will be in for a short term downtrend. Price will find support at $5.25 & $4.40.
While looking at the relative strength index, we can conclude strength just visited the overbought mark and has since been heading down to bearish territory. RSI must hold above the 50 value to save it from a fall to its next supports. The MACD has been consolidating within bullish territory above the 0 value. This is a good sign that buyers have not yet left the market and as soon as the histogram can tick green, THETA will try another push to its targets.
THETA Intraday Analysis
Spot rate: $5.71
Trend: Bullish
Volatility: Medium
Support: $5.25
Resistance: $5.88
THETAUSD
THETAUSD D1: THE BEST Level to BUY/HOLD 500% gains(SL/TP/UPDATE)Why get subbed to me on Tradingview?
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THETAUSD 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
::: updated/revised outlook
::: final swipe lower possible/likely
::: but then expect MASSIVE GAINS
::: 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.
be ready 50% down is coming ... lets shortAfter our successful Signal for LTC which hit all targets with about 60% profits 👌 (the original post below this article)
we were waiting for another low risk trade to share freely with you here..
Theta coin is a good based project but for short term I think there will be another last correction which will happen within July n August, and then we may have the chance to complete the bull run again.
s o the bearish signals we can see on the chart for now is the following:-
1- Death cross, EMA 50 has just crossed below EMA 150 which is a bearish divergence.
2- We are making lower highs n higher lows.
3- Downtrend is still continuing had not ended yet.
4- Strong diagonal resistance (the black line) that we failed to break for about 100 days !!
5- We are about to face the EMA 50 which Theta failed to stand above since the hard dump on 17 may.
6- We are about to face the last support that Theta broke while falling down which is expected to be flipped into resistance.
so we r expecting bearish movement..
short:✅ 5.90 - 6.10 ✅
🎯TARGETS:
1- 4.68
2- 3.94
3- 3.50
4- 2.94
💵 Trade Size: 3% -5% of Portfolio
🚫Invalidation(SL): 7.73
Please click LIKE button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
Thank you.
THETAUSD D1: SHORT THE BOUNCE BEARS TP 2.50(SL/TP)(NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-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
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
THETAUSD D1: SHORT THE BOUNCE BEARS TP 2.50(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect more short-term
and mid-term losses. SHORT IT!
🔸 Summary and potential trade setup
::: THETAUSD D1/candle chart review/outlook
::: tagged SHORT because it's BEARISH short-term
::: mid-term also BEAR MODE
::: sequence of 5 waves BEAR MODE
::: right now bouncing in wave 4
::: (not an elliott wave setup)
::: spells more trouble mid-term
::: BEARS will target 2.50 USD
::: measured move CORRECTION
::: all BEAR waves = 63%
::: shorting rips / shorting after wave4
::: makes sense right now
::: we are setting up for another correction
::: final TP bears is near 2.50USD
::: recommended strategy: SHORT IT 5-6USD
::: TP BEARS is 40%+ correction
::: SWING trade setup / no fast gains here
::: SHORT/HOLD / do not expect miracle gains
::: SL is 5% max
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment outlook short-term: RANGE/MIXED
RISK DISCLAIMER:
Trading 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.
THETAUSDT LONGSalam dustan
THETAUSDT Futures
in tahlil baraye futures hast
thetausdt tuneste bad az kaheshe gheymat yek channel tashkil bede k bad az khoruj az channel yek continuation dar time frame 5m tashkil dade
dar tahlil price action in olgu be samte bala rafte ta high price yani top ghabli
nazare shoma chie???
agar ba man movafeghid LIKE konid
Por sood bashid
THETAUSDT DESCENDING CHANNELTo my surprise, theta has been consolidating in a falling channel for four months without a breakout or breakdown. Definitely, the rise will be as strong as the consolidation was. We can see a double bottom pending at the key support level, you'd take a long position at the pending second bottom's position or wait for breakout and a successful retest. Your likes and comments would be much appreciated, you can follow up for more helpful contents.
Theta - More Downside?Applying fib channel in this daily log chart we notice that the worst may still to come to THETA, lying right now at the support line of this channel that begun in late march.
Breaking this present support we have two others until $1.90.
It's also important to notice that for the first time since late april/20 THETA is below MA 200.
Unless it bounces hard on this level i'm bearish.
Thank you for reading.
Theta Network (THETA) - July 14Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(THETAUSD 1W Chart)
If the price is maintained above the 2.94376146-4.33578821 section, we expect the uptrend to continue.
In particular, it is important to see an uptrend along an uptrend line.
(1D chart)
If the price is maintained in the range of 4.41735896-6.59972404, it is expected to turn into an uptrend.
In particular, we should watch to see if we can move up along the uptrend line.
If it falls in the range of 3.32617649-4.41735896, it is possible to enter the mid- to long-term investment area, so careful trading is required.
I expect the uptrend to be limited before breaking out of the two downtrend lines.
-------------------------------------
(THETABTC 1W chart)
If the price is maintained above the 12434 Satoshi point, it is expected to create a new wave. (Mid to long-term perspective)
(1D chart)
It turned into a downtrend as it fell in the 17437 Satoshi-19486 Satoshi section. (Short-term and medium-term perspectives)
If the price is maintained in the 12434 Satoshi-13341 Satoshi section, it is expected to turn into an uptrend.
In particular, it is important to see an uptrend along an uptrend line.
------------------------------------------
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 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)
THETAUSDT Interday SHORT/ BEARISHTHETAUSDT Interday SHORT/ BEARISH - We failed to break through resistance so I now expect to come down to the next support, I personally entered a short here with the TP at the next support and we'll see what's happened, these are the interday/day trading S/R ( Support & Resistance ) levels
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 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. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Pablito1986z
--------------------------------------------------------------------------------------------------------
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)