THETAUSD
💥THETA - TO RISE BY 20% - 28% TO $8 & $8.5Please support this idea with a LIKE👍 if you find it useful🥳
Buy level - $6.55 - $6.70
Stop loss - $6.15
Take profit 1 - $7.80
Take profit 2 - $8.00
Take profit 3 - $8.50
Price is currently in an uptrend at $6.60. if the trend continues, I expect a rise to $8.0 and $8.50.
What do you think?
Share your opinion in the comment section✍️
Follow me to receive more updates on THETA TOKEN (THETAUSDT) 🤗
Happy Trading💰🥳🤗
THETA - potential trade 🤑🤑Many altcoins are now showing patterns to buy. The Theta chart shows one such pattern. A falling wedge will in most cases break upwards. If the price breaks through and tests the upper limit of the wedge as support, it could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
THETA/USDT Can Go Both ways but bears are stronger!Hi every one
THETA TOKEN / TETHERUS
THETA/USDT is in an ascending channel. the Price has a chance to Remain in the Channel but there is also a Regular Bearish Divergence (-RD) on RSI which suggests a Great Bearish Movement!
But we can not be sure until we see a Break out happens! The Price must break the Channel downwardly for confirmation of a Big bearish Movement!
summery:
-THETA is in an ascending channel
-while THETA has a chance to stay in the channel, The (-RD) on RSI Suggests a Big Bearish Movement.
-We must wait for break out to be sure.
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
THETA IS REVVING UPAn important trend line was recently broken, only to confirm that the plunge is over. As you can see there are two important levels that are designated in red. If THETA manages to flip the first resistance zone into support, the commencement of an uptrend in my opinion is confirmed. Volume is strong, and MACD is showing a divergent sign. RSI has room to grow to confirm a catapult above the resistance zone. I am on the lookout to open a trade on the retest of the resistance zone turned support to open a trade with a good R/R. This trade could procure a profit to the tune of 80%. With proper risk management, this trade could turn out to be life-changing, IMO.
Theta token analysis* Theta token in daily time frame forms a Descending triangle pattern, with the above trend-line working as the resistance for the price and it's major support near $3.500.
* Currently the price is in a tight consolidation between, a Horizontal line as a support near $5.500 and the above trend-line.
* If the price breaks the above trend line we can expect a bullish move till TP1 = $7.200, TP2 = $8.600
* And if it breaks the $5.500 level it will back to it's major support.
THETA Retests 2 Month Trend, Will Bulls Take It Past $8.00?-Theta has risen 25% the last week
-Price just confirmed a 2 month long downtrend
-100MA is now holding as support
Theta had an astonishing run the last year as prices rose 1000s of percent. The use case for THETA around decentralized media is one of great utility & investors has shown their interest in it. Once a few more resistances clear, THETA will likely show immense bullish strength back to previous levels. The majority of crypto assets have broken their downtrends fully & have been reviving strongly to previous levels of May. Soon enough, this should be the case for THETA.
While looking at the last week of trading, we can see how price has fully broken a downtrend line that was holding price down ever since ATH was set. Just over the past day, price has came down to retest this as support. This is a very bullish scenario & may very likely have set the stage for THETA to reach $8.00+. Bulls have been having trouble at the major resistance zone of $6.84-$7.29 over the last few days. THETA must break & hold this resistance for the targets to be reached.
The 100MA was a barrier for over a month as bears continuously rejected price from holding it. THETA has now been holding above this MA , which shows the trend is now up. Earlier today, THETA held the major support of $6.31 very well. Along with this major support lies a trend line that price has been holding ever since the low was recorded in July. As long as bulls continue holding above this trend, price should push to the targets that are shown. In the event these two marks break, THETA will find support at $5.70.
While looking at the Stochastic RSI, we can see how it just managed to break back above the 50 value. This is a great sign but it must continue its way to the overbought region above 80 to really experience a large bullish push. The MACD has been hanging out above the 0 value for nearly 2 weeks. This is a bullish sign along with the fact that the histogram is about to tick green for the first time in 2 days.
THETA Intraday Analysis
Spot rate: $6.82
Trend: Bullish
Volatility: High
Support: $6.31
Resistance: $6.84
💡Don't miss the great buy opportunity in THETAUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (6.425).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. THETAUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 7.528
TP2= @ 8.538
TP3= @ 10.099
TP4= @ 11.338
TP5= @ 13.195
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in THETAUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (6.425).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. THETAUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 7.528
TP2= @ 8.538
TP3= @ 10.099
TP4= @ 11.338
TP5= @ 13.195
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
THETA - Leading the recovery?I've mentioned elsewhere the prospects for Theta and how it seems to be leading the recovery in the major alts, at least the ones I'm watching, so I thought I should share here.
As seen in the daily chart above, Theta has formed a very nice right shoulder to a potential Inverse Head & Shoulders pattern. The neckline is at $6.75, which is within spitting distance from here, and a break to the upside of this line of resistance projects a rally to $10, back into the double digit valuation.
The corrective structure can be seen to be completed in Wave Counts, and there is a nice bullish engulfing bar at the bottom signaling a trend reversal.
With head height in the RSI and lots of space for the MACD to extend, things are looking decidedly bullish for THETA.
Will we see $10 and higher soon?
THETA/USDT BULLISH MOVE UPWARDS EXPECTEDTHETA is currently in my trigger zone here, A retest is still pending. If we see a daily close above my trigger zone that will add more confluence to the whole setup here. It would be best to buy at retest the next day if that happens. Whenever I mention a trigger, it means that a momentum candle (no wick) close above it (gray area) and then a retest and we're off towards our targets.
Enjoy the trade. Cheers!
-Mr. Khan
MUST BREAK LEVEL FOR THETA!!Theta has been stuck inside a downtrend channel since around the end of march and has been unable to fully breakthrough out of this channel, the most we have seen is a few wicks above the channel, if we want to see theta go on a big run here we will need to see a break of a few key levels, first the top of the descending channel, the 0.2 FIB level which is lying directly above the top of our channel and then finally the first point of resistance coming from the pivot points. we have actually crossed the bullish pivot point but not by too much, our candles recently have been sitting almost right on this point and i feel we gotta make a move upwards soon before we risk falling back below this level. Looking at the bollinger bands a very key thing that could happen would be price action grabbing onto that top band and going for a rollercoaster ride upwards, which i think would completely blow us right through these few key points i was talking about, in order for that to happen though we need to atleast breakthrough the top of the descending channel, once that is done the top bollinger band will be right in our reach! Looking at the MACD we are seeing good separation within the MA's but i notice the blue ma is starting to come down a bit towards the orange, now this is very important because if we don't see a bounce on the MACD due to a runnup in price we are playing with a possible bearish cross which could definitely set us back even more, we could start to see a little bear cycle on the MACD if our histogram continues to shrink the bars its printing! Not financial advice just my opinion!
THETA - Breakout Pending...As with most other cryptocurrencies, we saw a double bottom reversal chart pattern indicating that we are at the end of the bear trend. We are now hovering just below the trendline that will determine whether or not we are in for a bullsih reversal.
We can see that price made a move up and now hovering - basically a bull flag. For confirmation, it would be wise to wait for a bullish candles breaking both the consolidation period we're in and the descending trendline.
We could be at the start of the next big break!