THETAUSD
Is THETA Gearing Up for a Major Breakout or Further Downfall? Yello, Paradisers! Have you been keeping an eye on #THETA? The asset is reaching toward a crucial moment and can be a golden opportunity:
💎#ThetaNetwork has been trading within a descending channel on a daily timeframe, consistently respecting the trendlines. We anticipate a significant breakout due to the recent push #THETA received from a successful retest of the channel's lower support.
💎A potential retest of the Bullish Order Block (OB) at $1.34 could be pivotal if the price is rejected by the upper trendline of the channel. This area is packed with liquidity and could propel MYX:THETA towards a breakout.
💎If #THETA can break above the descending resistance, supported by the liquidity at $1.34, we could witness a strong bullish move. This breakout would signal a potential trend reversal and align with our bullish outlook.
💎Should the current resistance hold, we might see a retest of the support level at $1.14. This could provide the necessary rally for a breakout. Watch for signs of strong buying interest at this level as an indicator of a potential upward move.
💎If both support levels fail, #ThetaNetwork could face increased bearish pressure, leading to further declines. In this scenario, monitoring lower support zones becomes crucial to gauge the extent of the downward move.
Stay disciplined, Paradisers, and watch these key levels for a profitable trading journey.
MyCryptoParadise
iFeel the success🌴
THETA: Falling WedgeTrade setup : Price is in a downtrend, trading below 200-day moving average (~$1.87). However, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for a breakout, above $1.80 level and 200-day MA to resume an Uptrend, with +40% upside potential to $2.50.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.95. Nearest Resistance Zone is $1.90, then $2.50.
THETA is bearishBefore anything, pay attention to the time frame of this analysis. The time frame is daily.
The THETA structure is completely bearish.
Below the candles we have liquidity pool and liquidity void.
The main support is the range that I named demand.
By maintaining the supply, it can move towards the targets
Closing a daily candle above the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Critical Decision PointTheta is positioning itself in a critical zone on the 4-hour chart. The market is exhibiting a pattern that suggests potential significant movements based on the next few candlesticks.
It is trading near a solid resistance level around 2.57, a price point marked by previous highs and recent price action. The current area around 2.295 is pivotal. Breaking above or below this level could indicate the start of a new trend, either bullish or bearish.
- Resistance Level: The major resistance at 2.57 is based on historical price action, where the price has previously peaked.
- Support Levels: The ascending trendlines provide dynamic support around the 2.10 and 2.00 levels, with significant support at 1.87.
- RSI (Relative Strength Index): The RSI is currently near the midline (50 level), suggesting a neutral stance. It is important to monitor for potential divergence or confirmation of trend direction based on RSI movements.
Probable Scenario
Given the critical nature of the current price zone, the market sentiment remains cautious. The price is at a decision point, where:
- Bullish Scenario: If the price breaks above the current resistance zone and holds, it could move towards the upper resistance level of 2.57 and potentially higher.
- Bearish Scenario: If the price breaks below the critical support around 2.29, it could test lower support levels around 2.10 and 2.00, with a significant support at 1.87.
Outlook
- Most Probable Scenario: Due to the critical nature of the current price zone, it is wise to wait for more confirmation from the market before making decisions. Observing the next few candlesticks will provide clarity on whether the price will break out upwards or downwards.
Key Levels to Watch:
- Support: 2.29 (immediate), 2.10 (secondary), 2.00 and 1.87 (key)
- Resistance: 2.57 (immediate)
#THETA/USDT#THETA
The price is moving in a triangle on a 12-hour frame, which it adheres to perfectly.
We have a major support area at the level of 0.1165.
We have a trend for stability above moving average 100.
We have a downtrend on the RSI indicator that supports the rise and is about to break higher
Entry price is 2.50
The first goal is 2.77
Second goal 3.14
Third goal 3.56
# THETA/USDT# THETA
The price is moving in a downward channel on a 4-hour frame and we have a green support area at the 2.40 level
Now we have a breakout that is about to occur well after bouncing from the green zone
Our RSI indicator has a trend that is about to break to the upside
Entry price is 2.80
First goal 3.06
Second goal 3.40
Third goal 3.80
THETAUSDT Ascending triangle 2D chart This is my current chart for THETA right now. Currently, I am using long timeframes here because this is a long term trade for me personally. I believe many of us are involved for the long term as well , not a quick money grab.
Technical Analysis POV:
We have been in a side trend ever since May 15,2022. Pumping hard and crashing hard. Thats what sidetrends are we go up and we go down until we enter a new trend. From the looks of the 2D chart, It looks like we should be attempting a breakout on the "#4?" in the chart. A breakout of the yellow trendline would lead us to a change of the sidetrend into an uptrend. I see low chances of ever reaching 0.7 again or lower, higher chances are we go up right now.
I also see a formation of an ascending triangle on the bottom of the chart, which could support my thesis of "this was the bottom". My target price for the long term right now is $3.81 which is more than 300% increase in price.
Fundamental Analysis POV
Fundamentally, THETA TFUEL has been cooking up A LOT . If you have been in twitter lately, you may know by now what THETA has been up to lately. New partnerships and projects joining THETA's ecosystem as well as more patents for THETAs technology .They just delivered a new roadmap as well and it looks very promising. With the support of ecosystem projects to go live with TNT20 tokens coming up on Q2 any time from April to June price action looks promising.
Overall, Q2 looks like a promising month for THETA TFUEL
Chartology --- Theta ... look at how HVF could have saved you. Just throwing this old chart up
I actually made some successful trades to the down side
post the 2021 Bull market top
But that's not the point ...
Imagine having a price methodology in your toolbox
that could have let you simply walk away and move to the sidelines.
And sit out that massive drawdown and the pain of witnessing your bags go down over 90%
humans are simply not wired for that type of pain.
and the best bit,
being able to pick up Theta all over again under a dollar.
Also note how those previous bear targets are now becoming key pivot and resistance points on the way back up ...
@TheCryptoSniper
#THETA/USDT | Going Up#THETA
The price is moving in a downward channel on a 1-day frame, and the channel has been broken to the upside
We have a higher stability moving average of 100
We have a positive divergence on the RSI
The entry price is 1.14
The first goal is 1.20
Second goal 1.29
Third goal 1.413
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THETA NETWORK!It's not necessary to talk a lot about this Youtube, Twitch, Netflix... metachain, so will go directly to talk about price.
After seeing how insiders manipulated the price of BTC (with provided proofs) and it didn't go to the natural retracement zone (0.618 Fib), I forcedly became bullish. We can see now another possible bullish pattern. We just need BTC to go up so Theta can break it upwards.
Important support and resistance areas : 0.713-0.774Hello?
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(THETAUSDT chart)
The key is whether the price can be maintained by rising above 0.929-1.341.
(1D chart)
To do so, it is important to be able to receive support and rise in the 0.713-0.774 range.
Since the M-Signal indicator on the 1W chart is passing around 0.697, it is necessary to check whether it can receive support around 0.697 and rise above 0.713.
If it falls below 0.635, there is a possibility of a new low, so caution is required.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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