Thetausdt
$THETA broke out of 3 weeks consolidation, what now? Theta coin has made an impulsive move to the upside and broke out of its 24 days long consolidation between 11 and 13.5, and it's currently retesting the breakout as new support. This is healthy price action and provides us with an objective entry anticipating more upside. It is also supported by a few indicators.
Pros:
- Broke out of consolidation box between 11 and 13.5, now bouncing as support.
- 4hrs bullish divergence. Price made high low when RSI made a lower low.
- It's currently making a bullish wedge after a successful breakout.
Cons:
- Could be a false breakout, with volume significantly decreasing afterward.
- We haven't confirmed the breakout of this bullish wedge yet.
Entries:
- Aggressive buyers could choose to enter now between 12.8 - 13.8.
- Conservative buyers should enter as the price breaks the falling wedge at 13.8.
- The trade is a 3.2 R/R trade indicated on the graph.
Personal PT: 16.51 / 17.48 / 20.28 (unlikely in short term)
Personal SL: 11.8
If you find this helpful please give a thumbs-up and good luck trading!
THETA.USDT (Y21.P2.E4).Next phase to startHi All,
The story continues, both Theta and LINK are 2 I have interest in for potential.
BNB is done, profits circulated to other coins and these 2 are likely the ones.
Observations:
Here we have price hitting 1st local target of the 0.618 fib level, with a strong rejection
Next will be the main target of 1 fib level. as it pauses up along the next fib level of 0.5 and again, 0.618.
The retest on the daily resistance is complete or almost complete.
Time to go long.
Target levels
s3.tradingview.com
All the best,
S.SAri
$ THETA vs Usdt in 1d. 17 April
Theta presents a ascendant wedge in which it can have a peak of euphoria that brings the price to 20$ however, the price can quickly return to the average price of the wedge that is in the 11.5$
Probability 1. Fall to $ 10 and return to $ 11.40 - $12.45 continuing with the consolidation process at those prices.
Probability 2. Go up to the price of 7.60$, consolidate at $ 7.1 at $ 8.0 and then go up to $ 9.5 - $ 11.0
Probability 3. Not being able to do a consolidation process between $ 8.5 and $ 10 and quickly falls to $ 5.9 to $ 6.5 to try a consolidation process at those prices.
THETA IDEA UPDATE! Hello, I am updating my first ever idea on THETA. This is my idea based on the technical analysis and what I know about it's fundamentals. Since I have been following THETA, it has had a massive growth and I actually I rate it as one of the best fundamental projects I have been into recently, I recommend you to check it. Many people booked some profit (also some of the events were delayed) and as we can see it has been following quite a small downtrend. But If you look at the indicators, and also the formed, it seems as THETA looks quite bullish right now and it actually is bullish for short and for long if you hold a big bag of it.
In my analysis I have mentioned the trend in the short term. If the trend jumps from the red line, it will be bullish for short, so there is the area for SL if you have bought or if you are willing to buy, just be careful, it has to jump from the red line.
The 2 TP (13.8 - 14.8) are mentioned in the area there quite as the SL(12.3). Personally I see a good profit from 10%-30% in THETA in the short term and if the trend continues sideways in between the TP, we could see new support being formed there and another uptrend soon.
Do your own research too. And be as profitable as possible. :) If you have any comment or any other idea, it would be really helpful. :)
$THETA is pumping. Sell at $20?NOT FINANCIAL ADVICE.
In this study piece of $THETA's recent explosive price action, we see a very strong move to the upside after weeks of Price Action trading in a prolonged triangle of a Wave 4 pullback as shown below:
Here we see how the 0.618 resistance impacted price action as it traded in a channel below this fib level.
That is until it finally broke free of even the 0.886 ceiling, a fresh signal that we could be on Wave 5 underway with a target price of $18~$20.
With such explosive fervour, there's really no telling how much higher $THETA can go in this bull run!
THETA Awaiting Take off THETA/USDT PAIR
Higher Lows and Higher High with the print of a ATH
Currently trading within a symmetrical Triangle with Higher Lows and lower Highs since the ATH ..
Measured Move gives us a 28% move and if this breaks upwards we have confluence with the Fib Extension for a 1-1 at around $17
Either await a break of the Resistance with a candle close as confirmation for entry or buy around 12$ with a Sl below the last swing low $11.30 region .
I have marked on the chart the potential target for a downside move depending on the reaction at breakout/breakdown although I will be taking the long
Know where you are wrong and have a trading plan , always use a SL . Thanks and Like and follow for regular setups
THETA breakout so obvious your MOM can see it - BUY N LARGEYour mom may not be a skillful trader, but anyone can see this is a breakout of a symmetrical triangle/bull flag pennant. And, to put gravy on top of your THETA steak, look at those INDICATORS..... You also have a couple of the top analysts on TV (trading view), like genius of the sea, Plancton0618, also saying the same thing. What are you waiting for, permission from your girlfriend/boyfriend? GO LONG
Free joke
What do traders, who also happen to box, place their money on? The punch line.... (completely original, hilarious no?)
Theta sets up for long day tradesTheta has made a solid push after a decent flush on the 210 min chart. This has big potential to go alot higher from here. But... it has run into some real resistance (pink dashes/black box.) This creates an environment that is conducive to higher than average probabilities for day trades on the long side, in the intermediate term. Now, crypto moves quick... real quick... So, this setup may only be good for today (4-16-21); whereas something like this would last for weeks in days gone by. All the same, Theta will be on he radar for some day trades which we post privately. If you would like to join in on the discussion for our day trades go ahead and hit the follow! Remember though... we trade charts not coins. So if your preference is to argue over which coin is going to moon next... we are probably not the group for you. Blessings
THETAUSDT Good BUY!THETAUSDT (4H Chart) Technical Analysis Update
Resistance breakout
THETA/USDT currently trading at $13.17
Buy-level: Above 13.50 (only buy if 4h candle closes above 13.50)
Stop loss: 11.74
Target 1: $14.00
Target 2: $14.95
Target 3: $16.00
Target 4: $17.50
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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