Thetausdt
THETA / USDTRIGHT NOW Theta in 2H time frame is in this pattern
just keep eye on it for the break out to make it short or long
I do trading based on patterns , My analysis is good for short term do not use it for holding or long term just take the advantage of the market
THIS IS NOT DINANCIAL ADVICE IT'S JUST MY PERSONAL OPINION
DO NOT FORGET TO USE STOP LOSS
GOOD LUCK
Theta Token Downtrend Broken (215% Potential Profits)The Theta Token vs Tether pair, THETAUSDT, is also coming out of a major downtrend.
This downtrend started in April 2021.
After a downtrend that has gone for so long...
We can expect the bullish wave that follows to be fast and strong.
Here I am mapping 215% profits but remember, there can always be more.
Namaste.
THETA 1W THETA is close at the $3.5 resistance . I would wait for the weekly closing before taking any other decision about the short term ( next couple of weeks ) for this coin .
Additionally I believe that we could see a retracement before making another attempt to break through the resistance at $3.5 . If we successfully break the resistance the other level I will be watching is around $4.5 , above that we could be ranging between $5 and $9 as we previously did from 17 of May 2021 until 29 of November 2021 .
THETA is able to reach 3.8$ now!THETA has Done a Break out Since Last Time we Spoke about It ! It was in a Descending Triangle But The Bullish Break out Has Happened & The Scenario Has been Changed ! Target & Resistance For Now Is 3.8$ Support Sits around 2.4$
Previous Analysis
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THETA DECISION TIMEHello everyone,
Theta weekly timeframe is offering a good setup and all biais are showing green as well with BTC pushing higher too!
Over the past week we saw theta developping a higher low on the weekly TF and if we manage to clear that descending trendline we have been rejecting since November 2021, i believe we can see Theta retesting the $6-$7 in the coming weeks/months.
Massive falling wedge on THETATHETA has corrected off its highs for a full 365 days having corrected 85%. Its formed a massive falling wedge on the HTF and come into a weekly demand range with high volume bottom as its come into the zone. Price action contracting and getting squeezed with the last supply zone failing to put in a new low with a new HL being formed. 3D RSI looks reset and above the MA with bullish divergence on the RSI and MACD. MACD on weekly about to to form a bullish crossover as the histogram converges. This looks pretty bullish here and definitely a buy the dip move. I think its going for its high on the next leg up, only a matter of time imo.
THETA decision soonTheta is approaching strong resistance from the top median line of the red downtrend Pitchfork as well as the center median line of the counter uptrend Pitchfork.
There's a demand zone marked by green rectangle that'll act as support as long as THETA doesn't get rejected hard by the top median line of the red Pitchfork.
Once it does break through, there's a supply zone above that'll likely trigger a pull back ideally to the re-test the top median line of the red Pitchfork before moving up.
THETA - StrengtheningAt the end of a positive week in THETA we see it break through to the upside of the Triangle formation that has dominated THETA for almost 12 months. It is now the 3rd day above the upper line of past-resistance and the longer it holds above that line, the better the bulls will like it. Volume is low at the moment though, so early days.
Theta Will Bounce SoonTheta Network is a solid one, with good fundamentals.
Metaverse, NFT's, Streaming, DeFI incoming, etc.
For now it's down 80% from ATH of last year. It's possible to have a rebound till 6$ minimum if btc settles in this area for a while.
Starting to accumulate at 3$ and below, till 2$.
THETA have a Higher Chance to Be Bearish🟡Chart is speaking it self!
THETA TOKEN TETHERUS
-THETA Is in a Descending Triangle.
-No Break out
-If the Bearish Break out Happens, We Can Expect The Price to Reach 2$
-There is a little Chance That a Bullish Break out Happens and the Price would Increase Up to 3.8
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💎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