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THETAUSD

The key is whether you can rise with support in the 0.799-0.871 hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (THETAUSDT chart) Looking at the 1M chart, There is a possibility that a full-fledged uptrend will begin only when it rises above 1.127. Looking at the 1W chart, A rise above 1.336 is expected to initiate an uptrend. In order to do so, it is important to be able to sustain the price by rising above 0.764. The Bollinger Bands are contracting, but they are near the bottom, so trading with caution is advised. (1D chart) We need to see if we can keep the price above 0.660-0.714. However, when it is supported and rises in the 0.799-0.871 section, it is a buying season. 1st: 1.127 2nd: 1.336-1.401 Split selling is possible when resistance is received in the first and second sections above. If it falls below 0.660 and is resisted, it may fall to around 0.316, so countermeasures are needed. If you buy because the price is cheap, you may need to wait for a considerable period because you never know when the trend will turn upside down. Therefore, it is best to get a good idea of when prices are starting to rise and start buying near them. To do so, you can look at the 1M, 1W, and 1D charts, identify the corresponding important sections, that is, support and resistance points or sections, and create a trading strategy tailored to your investment period. The 0.799-0.871 section, which is the buying period mentioned above, corresponds to the section where buying is likely to start in that sense. However, in the mid- to long-term, it is when the price rises above 1.336, and in the long-term, when it rises above 1.127, it is the time to buy. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
There is a possibility of retesting the resistance!THETA had a range trend during the last week. After the selling pressure, the price of THETA broke the support of the $1 range and pulled back to this resistance, and is still decreasing and moving towards the lower support intended for it. The support is located between $0.765 to $0.590, and if the price hits this area, it can bring a positive reaction. In the daily time frame, we see a correction wave with 38% correction, which considering the price reaction to this range, we can still consider the power of sellers to be higher. Therefore, the minimum we expect is a retest of the previous support level in the range of $0.85. Also, we can see a range trend in the 4-hour time frame. Before the price continues to fall, there is a possibility of retesting the resistance in the range of $0.95 to $1. Because in the 1-hour time frame, the ascending trend line has broken down, and in the event of divergence, the probability of falling to the supports increases. The additional point is that the current resistance that the price reacted to in the last candles also overlaps with the midline of the descending channel and has great power to push the price back toward the supports.
by MonoCoinSignal
2
THETA - Bearish breakdown?In this study on THETA, you will note the breakdown of the longer-term consolidation over the past two weeks, as THETA has broken through support at $0.95 to form a bearish triangle that also looks to be breaking down. A Fibonacci projection of this drop below support of the longer-term channel presents a few targets; $0.748, $0.648 and possibly $0.485. Do you think we could get a 30% drop, or more, in the value of THETA? Will this be the final drop to exhaust sellers and conclude the bear market?
Short
by Crypto-Swing