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Thetausdt

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.
by Coinpedia-Market-Insight
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
by CoinGape
1
💡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 ❤️
Long
by ForecastCity_World
20
💡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 ❤️
Long
by ForecastCity
4