Thetausdt
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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THETA, key level FALSE BREAKOUT as a good BUY oportunity!The Theta Network (THETA) is now more in consolidation than in trend ( bullish or bearish ).
The $3-3.15 zone is now a resistance for about a month and a liquidity gap zone. We cannot break through that zone, because there is no BUYER above this levels at the moment.
After the breakout of the key level of $2.59, the big players can collect the traders' stop losses and it will be a good opportunity for us to take long positions.
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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 1 HOURS ANYLYSISWelcome to this quick Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
THETA/USDT is making this bullish expanding Triangle pattern.
Entry: CMP and upside the 2.88
Targets: 20%
Stop Loss: $2.75
Stay tuned
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#PEACE
VRAlooks like 1 last dip B4 this rocket takes off. Can buy here or wait to knife catch. But the bottoms close.