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THETAUSD

#Theta #Token #BreakOut & #OpenSky? #tradingviewTheta token looks like a classic break out. At the moment the double top is taken out of the market. It is important to close above the breakout level. Ideally the breakout should be followed by a retest of the breakout level of the top. Charttechnically there are no hurdles and therefore OpenSky is possible. However, resistances could build up at 0.77-0.78 as well as in the range 0.95-0.96. Greeting from Hannover Stefan Bode
Long
by StefanBode
5
THETA/BTC (Sign of Weakness?)BINANCE: THETABTC -Theta Token is trading inside an ascending channel which is Bearish -And a potential Bearish Double Top reversal pattern -The pattern still unconfirmed until the base neckline is broke down -Also, the upward trendline of support still intact -If you have a swing position from the start of its uptrend channel -Please take profit now and move your stop loss at key levels -Because can see signs of weakness especially the RSI and low volume `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
10
THETAUSDT 1st time Ichimoku turned bullish on long termHey guys and gals hope you are fine and welcome to the new update on Theta coin. In my previous article I shared that Theta in the US dollar market and in the Bitcoin market as well forming different harmonic patterns. Finally the priceline has completed the final leg of these patterns and at this time the price line is gearing up and moving above the potential reversal zones. Below were the articles: Theta with US Dollar pair: Theta with Bitcoin pair: Breakout the channel and re-testing the support: Now if we take a look on the daily chart the priceline was moving in a down channel and has broken out the resistance of the channel. At the moment the priceline is re-testing the previous resistance of the channel as a support. The EMAs: If we see the exponential moving averages with the time period of 10 and 21 then on 11th June the EMA 10 crossed down the EMA 21. Since then both moving averages are not able to form the bull cross and finally on 9th July we have received a bull cross between these EMAs again. The simple moving averages: Now if we watch the simple moving averages with the time period of 25 50 100 and 200 on the daily chart then the price action crossed down the 25 and 50 simple moving averages. At this time the priceline of Theta at crossed up the 25 simple moving average again and likely to be rejected by 50 SMA. Now it has good support of 25 SMA and incase of breaking down the 25 simple moving average the price action can move down to the 100 and then the 200 simple moving averages. Now I would like to draw your attention towards a very strong signal that ichimoku cloud has given on the weekly chart. The cloud has turned bullish and we have also received a bull cross between the conversion line and the baseline as well. This bull cross has formed above the priceline of Theta therefore it is not as that much powerful bullish signal as it would be appeared just below the candlesticks. The lagging span has also crossed up the candlesticks and at this time after some downward move it is moving up again. Conclusion: On the short and mid term the price action has broken out the resistance of the channel. Therefore it is a very powerful buying signal. However the further upward move depends on the successful re-testing of resistance of the channel as a support. And on the long term after a long period of time for the first time the ichimoku cloud is turned bullish. Therefore we can expect that this bullish rally will be continued for the long term.
Long
by moon333
2
THETA (THETA) - July 7Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- It is rising at 0.2232. We need to make sure we can get support at 0.2386. In addition, you need to make sure you touch at least 0.2642 points and get support from the 60SMA. If you can gain support by rising above the 0.2913 point, you are expected to create a new wave. -------------------------------------------------- ----------------------- ** 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 profit or loss on investment. Description of abbreviations shown in chart R: Resistance point or section, where a countermeasure is needed to preserve revenue. S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
by readCrypto
2
THETAUSDT Short-Term Trading PlanAfter the rally and the dump of THETAUSDT, it went up to 0.3 ish and now is likely going to form a simple A-B-C move. It dropped from 0.3 to 0.2 and then pulled-back all the way to point B at 0.65 Fib retracement level. With the Fib extension from the top to the bottom, it could be a good opportunity to long if it drops to 0.65 level at around 0.2 ish, which is also the previous low and the support pivot. However, make sure to check other indicators like RSI to make sure it's at oversold levels already before getting into any positions since THETA can also drop all the way to 1 to 1 level at 0.165 ish. I do expect a bounce at 0.165 ish since many indicators are already approaching oversold levels on multiple time frames, and we do have a support line that's formed all the way from the bottom on March 12th. Thank you, guys.
by BoilderRoomColdCaller
4