Theta THETAUSDT - All time High + Bull flag- Bullish flag formation right above the all time high level
- First target of the flag is around 0.93
- I am expecting higher prices in the immediate short term
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THETAUSD
THETA/USDT (Retest Key Support Again)💎Technical Analysis Summary💎
BINANCE: THETAUSDT
-THETA broke its local support are around $0.60
-If the 4hr candle closes it will signal a Bearish momentum
-The downside target is its key area of support at $0.55
-Let's see if the Bulls can bounce from a key area if it gets tested
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#Theta - cup handle projection #THETAUSDT #tradingviewAfter the classical chart technical breakout and the obligatory retest, the bull-run to approx. 0.98 is now pending.
Where does the 0.98 come from?
This results from the low of the cup to the high to the resistance/neck line. This is now a converted support line, which has been confirmed by the re-test.
The pink arrow is then simply duplicated onto the blue thick support line and results in the superior target range of 0.98.
Greeting from Hannover
Stefan Bode
THETA/BTC (Back at Key Level Support)💎Technical Analysis Summary💎
BINANCE: THETABTC
-THETA is back at the previous support key level area
-This is crucial at this moment if this zone will hold
-If we can not see any recovery back to 5500s sat in the next few days
-It would tell us the Bulls has started weakening
-And any moment the Bears can still enter the market
-I don't recommend buying at this point if you don't follow proper RM
-But if you are looking to Short the market, wait until the support is broken
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THETA/BTC (Hits Daily Key Level)💎Technical Analysis Summary💎
BINANCE: THETABTC
-THETA hits the key level of support around 4700s sat range
-The daily candle is not yet close but it is looking a bit bullish
-I'm not saying this will pump the next day
-But only showing a little strength at this region
-Better to wait for the next candle pattern
-Before making your decision to enter or not
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THETA/BTC (Bearish Pattern Confirmed)💎Technical Analysis Summary💎
BINANCE: THETABTC
-Theta Token finally confirms the Bearish Triangle pattern
-The market decided to go lower and breaking the flat area of support
-If the Bears can send more follow-through in the coming hours or days
-The next Key level support is around 5500 sat area or previous resistance
-Be cautious, user proper stop loss or reduce position size now
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Theta THETAUSDT - Strongest altcoin on Binance, triangleTheta is above All Time High and currently forming this bullish pennant. Also we had a nice breakout from the big triangle. This coin is definitely one of the strongest alt coins on Binance. I recommend to buy this coin and hold for few weeks.
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Theta THETAUSDT - All Time High, Bullish continuation patternThis coin is one of the strongest one. Recently it reached new all time high and currently forming bullish continuation pattern. What other coins you want to buy if not the strongest one? When bitcoin will be on ATH, everyone will buy it for sure.
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THETA/BTC (Retest Important Key Support?)💎Technical Analysis Summary💎
BINANCE: THETABTC
-Theta Token failed to create a Higher High
-The price rejected at around 7000s sat area
-It will likely to retest the key support area around 6200s sat
-That would be a sign of weakness and the Bears might enter the market
-So please be cautious buying at key support
-Use proper stop loss location and follow your trading plan
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Theta Looking Heavy — 20% Drop Incoming?The current 2-day candle is attempting to covere the previous 2-day candle, known as a dark cloud cover.
If it does by close of the candle tonight, it's a fairly bearish formation suggesting the chart would still technically benefit longer-term with a further price drop. Touching around 55 cents would confirm the previous resistance level as support.
So a 20% drop from today's price is more than reasonable as per the current price action.
- Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
Theta surged again more than 295% |We should keep an eye on thisThe priceline of Theta followed the previous predictions that I shared with you and sofar it has produced more than 295% bullish rally:
On daily chart the priceline of Theta is moving in up channel and at the moment it is hitting the resistance for breakout. The price action has also broken out simple moving averages with the time period of 25, 50, 100 and 200.
On 4 hour chart the priceline is in a perfect up-trend line and at the top it formed a Head & Shoulder pattern. But could not break down the support of up trend line.
On daily chart the priceline is using EMA 10 and EMA 20 as good support.
For good exit point we can use the combination of EMAs, MACD, Stochastic and momentum indicators. If they will give bearish signals with complete synchronization with each other then it can be taken as a sell signal:
Conclusion:
Even though the priceline of Theta is very strong bullish. But we should keep an eye on the support of up channel and different indicators as mentioned above. If the support will be broken down and indicators will turn bearish then the trend can be changed from bullish to bearish.
THETA/BTC (Strong Uptrend)💎Technical Analysis Summary💎
BINANCE: THETABTC
-Theta Token still trading on an uptrend channel
-The upward trendline of support still valid
-Currently, it is forming a small descending wedge
-If a breakout to the upside happens, the target is the recent top
-As long as the upward trendline is holding
-The Bulls have control of this market
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THETA vs BTCTheta has been on a tear for the past while. But how strong is the momentum, will it continue, and how does it stack up against BTC?
Despite relatively low volume, THETABTC has skyrocketed 75% this month.
There is a concern that low volume could indicate a pullback, however overall this is clearly a strong move and paints a good picture for Theta to maintain its bull trend longer term.
Theta has exceeded its previous highs which means its in 'price discovery mode' and we're only at the very beginning of the expected 2020/21 bull run, which means Theta could be a very strong performer.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.