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: $14.95
Thetausdt
ARSHAM -THETAUSDT DAILY CHARTTHE BELOW CHART SHOW US THAT THETA IS on the bullish triangle
if theta can break the resistance area it going to reach 14$ 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
THETA - Consolidated (As you asked)THETA has consolidated enough on this price range
Meaning that if we get a little more support we can pass this resistance shown on chart. Also if the price doesn't get any support, it might fall to the lower price range which I've shown on chart.
I'm more positive about the pump because indicators are showing strength and also trading platforms are showing high Buy volume which supports this pump as it should.
Current Market Price: $8.832
Good Luck
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THETA and Theta Fuel (TFUEL) soar ahead of June 30 mainnetOne of the new projects we tend to like more and more by the day, THETA is matching strong fundamentals and good technical characteristics at the same time.
Promising New developments , Promising looking chart analysis and a nice branding:
The Theta blockchain is a decentralized infrastructure that seeks to improve video streaming and delivery . A specific purpose, kinda reminds me the success we had earlier with Enjin.
Go THETA!
the FXPROFESSOR
THETA-BTC-DESCENDING WEDGE (daily view)Hello traders and investors!! So great to be here today, let's take a little journey and examine THETA📉👇👋
Price touched rims of wedge 4 times, and on the 5th bounce we broke the pattern and exited the wedge.😎
Now I see it possible that we can go to our targets.
QUICK REMINDER 😄🤨📌
Make sure to always use a stop loss 🤚🛑💲 when making trades.👏🆗👌
Consider we may get rejected here, rooting for the bulls.. here is why ⏬⏬⏬⏬⏬⏬ :
Call me crazy, but I have seen Theta pump when BTC is bearish🐻👍, im not missing out on this possibility.
(This chart is different than THETA USDT or USD, we are seeing bullish candles because this chart depicts THETA in relation to BTC price.. BTC dropping, THETA is stronger than the correlational effect that BTC has on it's price.)
This analysis is technical approach. I always recommend considering multiple factors when making any trade!
THETA mainnet launch was recently pushed to JUNE 30th (this month.) This is huge news for THETA and T-fuel .
Let's see and always remember ⏬⏬😉🛑This is not financial advice🛑 Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Thank you for reading and trade safely!!!!
Jazerbay ☯
THETA HAS A HUGE POTENTIAL!!!On this analysis, I would like to share my opinion on Theta Coin.
I'm not a fundamental guy, mostly my analysis is coming from the chart, and what I found on the chart is quiet surprising.
First of all, a Descending Broadening Wedge Pattern is forming in the Daily Timeframe, this pattern shows a bullish indication after the Breakout on the Resistance.
But, I also saw a Rising Wedge Pattern forming that give us a sign for a further correction before we can see the Bullish continuation comes back on.
Disclaimer: This content is not a Financial Advise.
THETAUSDT NEXT SCENARIOThetausdt is following a descending channel and definitely there are just two chances , a breakout or a breakdown. You can enter long after breakout with a confirmed retest and if it goes sideways, long at the tagged price point if support holds.All details have been listed on chart and as usual, drop you opinions and give it a like too. Follow me for more helpful contents.
THETA/BTC last resistance THETA / BTC
Despite the drop in USDT pair
In BTC pair we see THETA almost touched ATH again !
it already brokeout a bull flag or decending channel
The last resistance for it is previous ATH ...After Breaking this resistance it can fly easily
It can also retest 0.00021 level which is very important level to hold for continuation of bullrun in this coin
Invalidation : daily close below 0.00021
Dont forget to like my ideas for more good calls and analysis 🙏
Tfuel 26 days to Main Net 3.0 = Sleeping Godzilla?!Hi, thank you for reading this idea!
we are looking at the Daily timeframe.
as you can check on the official Theta Lab Website (www.thetatoken.org), We have only 26 days left To the lunch of Mainnet 3.
as you may not know: this update is focusing on the Tfuel Staking through their Edge Node and etc.
Based on the Ichimoku cloud, there are two points that I have marked in the chart that we have to watch carefully.
if the Ichimoku completes its move to the upside, a Massive Price break out is very possible.
This is only an Idea, Always stick to your own analyses, keep studying charts and
Wish you all the bests.
THETAUSDT Ascending Triangle BreakoutTHETAUSDT Ascending Triangle Breakout
Currently in Retest
Wait for the retest to be completed
NOTE: OPEN BUY IF & ONLY IF THE SETUP IS VALIDATED.
Buying Above: 9.054
TP1: 10.539
TP2: 12.803
TP3: 15.850
SL: 7.421
NOTE: DO YOUR OWN ANALYSIS. DO PROPER RISK AND MONEY MANAGEMENT. SPOT TRADING ONLY.
MATIC/USDTFresh Trade Setup :
MATIC/USDT (BINANCE)
Recommended Buy Zone : $1.70 - $1.85
Targets :
1.95
2.10
2.25
2.45
2.60
Stop Loss : 1.50
THETA - Make Or BreakTheta is at a critical level at the moment. It's facing the 100EMA dynamic resistance and previous structure at $8.50 level. If we manage to break that level, we can consider buying Theta. Until then, it looks very corrective and bearish and we could see a move lower.
Keeping a close eye on the $8.50 level to see how price reacts.
THETA - Make Or BreakTheta is at a critical level at the moment. It's facing the 100EMA dynamic resistance and previous structure at $8.50 level. If we manage to break that level, we can consider buying Theta. Until then, it looks very corrective and bearish and we could see a move lower.
Keeping a close eye on the $8.50 level to see how price reacts.