#Theta is ready to move higher - Top of range $7.20 incoming. Hey Guys,
420 Investments Here with a 4 hour technical analysis update of theta.
Before getting into my analysis I will provide you with the trade details.
Entry - Current price action $5.86
Stop Loss - $5.72
Risk to reward - 7 to 1
Leverage - 10 x recommended or lower
As we can see #theta has formed a trading range and has currently dropped the bottom of the range, i am expecting theta to reclaim the range and head to the top of the range @ target 2 of $7.20 usd.
We also have formed a bullish falling wedge, with three touches to each side confirming it is valid, now we are looking for a break out of this wedge to give us confluence that theta will indeed head to the top of it's trading range.
The 4 hour has also recently shown a Swing Failure pattern reversal pin, showing bulls are trying to take control here.
Best of luck!
Thetausdt
THETAUSDT Interday SHORT/ BEARISHTHETAUSDT Interday SHORT/ BEARISH - We failed to break through resistance so I now expect to come down to the next support, I personally entered a short here with the TP at the next support and we'll see what's happened, these are the interday/day trading S/R ( Support & Resistance ) levels
THETA AnalysisTHETAUSD is approaching a crucial point, it will likely break to the upside from this dominant position above the mean trendline of the current run
This breakout theory is exacerbated by the BTC pair which is retesting the top of a falling wedge, which is quite bullish for price and will likely result in a large bounce
I have not looked much into THETA technicals, this is my first analysis of the coin..
THETAUSDT D1: 500%+ gains THE BEST Level to BUY/HOLD (UPDATE)Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
THETAUSDT D1: THE BEST Level to BUY/HOLD 500%+ gains(SL/TP)(UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: THETAUSDT D1 chart review
::: chart looks good /strong
::: still valid today / great setup BULLS
::: BULL FLAG setup with massive upside
::: still expecting pullback off the highs
::: get ready to BUY LOW later
::: accumulation in range previously
::: then we had 150% gains PUMP
::: we had 2 pump already before this
::: 265% pump - pullback
::: then 150% pump and now pullback mode
::: expecting short-term pullback
::: BULLS get ready to BUY after pullback
::: TP bulls is +500% gains later
::: expecting decent gains soon
::: 20-30% pullback short-term
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +500% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
THETAUSDTBULLISH FLAG PRICE ACTION
This chart pattern starts forming with bulls already in control of the exchange rate's sharp uptrend. When bears enter the market, trading is contained briefly in a down-sloped range. Bulls then break that range's upper resistance, and the exchange rate continues its uptrend.
Let's break down the pattern formation!
A sharp upwards price action is initiated from (1) till it finds the first resistance (2), creating the flag's pole.
Price action reverses direction from the first resistance (2) and starts forming lower highs and lower lows in a narrow flag-like formation, till it finds the lowest support in that formation at point (3)
The pattern is completed when price action reverses direction from the lowest support (3) and goes upwards till it breaks the flag's upper border at point (4)
Entry: after breaking the flag's upper border at point (4)
Take profit: identified by measuring the flag's pole height, which is the vertical distance between points (1) and (2), that measurement is then applied from the breakout rate (4)
Stop loss: the flag's lowest low (3)
THETAUSDTDOUBLE TOP PRICE ACTION
This chart pattern starts forming with bulls already in control of the exchange rate's uptrend. Bears make a stand at a certain rate that will be tested exactly twice before they are finally able to reverse direction, and the exchange rate starts a downtrend.
Let's break down the pattern formation!
In an uptrend, price action finds the first resistance (1), which will be the horizontal resistance for the rest of the pattern formation.
Price action reverses direction from the first resistance (1) and goes downwards till it finds support (2), which will be the only low in the pattern.
Price action reverses direction from support (2) and goes upwards, till it finds the second resistance (3), which will be around the same rate of the first resistance (1)
The pattern is completed when price action reverses direction from the second resistance (3) and goes downwards till it breaks the pattern's lower border at point (4)
Entry: after breaking the pattern's lower border at point (4), either with an entry after the breakout, or after a possible retest of the lower border.
Take profit: identified by measuring the vertical distance between the pattern's upper and lower borders, that measurement is then applied from the breakout rate (4)
Stop loss: the pattern's lower border, which is identified by point (2)
THETAUSDT D1: THE BEST Level to BUY/HOLD 500%+ gains(SL/TP)(NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
THETAUSDT D1: THE BEST Level to BUY/HOLD 500%+ gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: THETAUSDT D1 chart review
::: chart looks good /strong
::: setup still valid as of right now
::: BULL FLAG setup with massive upside
::: still expecting pullback off the highs
::: get ready to BUY LOW later
::: accumulation in range previously
::: then we had 150% gains PUMP
::: we had 2 pump already before this
::: 265% pump - pullback
::: then 150% pump and now pullback mode
::: expecting short-term pullback
::: BULLS get ready to BUY after pullback
::: TP bulls is +500% gains later
::: expecting decent gains soon
::: 20-30% pullback short-term
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +500% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
THETA - Correction Before Major UpgradeAnalysis:
- Fibonacci Retracement
- Support & Resistance
- Order Block Flow Analysis
- Market Structure
Target: $2.01
Opinion:
If you go to Theta's website they have a timer counting down to their Mainnet 3.0 Launch in 20 Days!
I believe they will make another drop before this news is announced to wash out the paper hands
Once they are done correcting I will be looking for buys and I will do a follow up bullish markup
If you haven't done your research on this coin, I highly recommend you do :)
This is top 3 on my list for sure and I am so glad I am able to buy at discounted prices
Accumulate Accumulate Accumulate
THETABTC Potential Long @ 0.00024000THETABTC Potential Long @ 0.00024000, upon successful retest of the 200MAs with strong candlestick and volume confirmation.
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THETA another try to breakout THETA / USDT
Since the start of downtrend in this token in mid april
Theta tried to Break this trendline resistance multiple times (about 5 times before)
This is the 6th try can it success this time?
I will be bullish only if there is vaild breakout and hold above resistance (never long below resistance)
However if theta lost green area Support it will continue in this downtrend channel for longer time
Best of luck
Theta Cup & Handle patternBullish cup and handle patters are one of my favorite. They incorporate the two most successful patterns your statistically trade in your trading careers.
The premise behind a cup and pattern is the rounded bottom gains the momentum of the move, once the momentum brings the price action back up to the price where the decline of the selling pressure began, the investors who bought “paper hands” sell at break even which pushed the price action down again while smart investors see the potential of the momentum in price action and start loading up their bags. This then creates a bull flag. Once the price action comes to the lip of the cup and breaks past, the price target heads to double the height of the cup from bottom to top.
The best place place to put your stop loss beneath the cups handle.
Keep in mind that the entry point is when the lip of the cup starts to break out!! This is very important! You can also play it safer and wait until the breakout comes back to retest the top of the cup flipping the resistance of the cup into support. This is the safest entry point as you know now that you have a support line. It is smart to move you stop loss to break even once the price action gets about one and a half cup sized up, then you’d place your stop loss at the lip of the cup.
Here are the price targets and stop losses for this setup on theta!
Stop loss: $7.34
Entry:$9.964
Target: $14.95
ARSHAM -THETAUSDT DAILY CHARTTHE BELOW CHART SHOW US THAT THETA IS on the bullish triangle
if theta can break the resistance area it going to reach 14$ and we have resistance area there and if theta can pass on that area theta can see16$
RSI is on the bullish trend and RSI pass the 40-50 area so RSI show us that theta is going to up
please share youre openion in comment and like it if you want