theta technical analysis 13th April 2021hey guys, quick technical analysis on theta, looking very nice and clean hopefully price respects the fibbonacci support area as price is currently in a symmetrical triangle approaching the support trend line very correctively anticipating a bounce from the lower trend line for a bullish move to the upside.
Thetausdt
Theta ready for the next leg up
Accumulation after a huge move + VWAP+ Volume profile
Huge breakout from a long 'time' base and then re-accumulation to digest the gains and shake out the weak hands (I was one lol).
Then media attention dries out, finds support and asset continues its next leg up. Saw these in growth stocks last year and now we might see these in crypto land. Check $SE $FVRR $TSLA for reference.
$THETA has a huge number of catalysts/events coming up.
Edge compute use cases(ML/AI) that's coming up in Q3 2021 is the most exciting. Remember $FSLY $NET moves in 2020? Edge computing will grow exponentially this decade(Read the 'future is faster than you think')
App for ledger + NFT marketplace + New network support
The market cap is already $12bn. That said, Theta has maxed out its supply and will have no dilution effect on price (like $BTC)
Likes of $BNB, $GOOGL, Sony and Samsung as enterprise validator nodes. These companies won't launch validator nodes if there is no long term potential.
Blue-chip Crypto. Keep this in your shopping list for crypto winter
Entry: Now or under $11.5
THETAUSDT Expected return 100% next monthHello everyone,
this is my 11th recommendation in the crypto market for this cycle. as I start every post first let me briefly describe what you are seeing on the chart. In white you can see the price of THETAUSDT , while in black that's the set of technical indicators that I'm using. This set is composed of simple moving averages with the following period lengths (16, 32, 64, 128, 256, 512, 1024, 2048, 4096). the purpose of using this methodology is to analyze both the trend and volatility over the short-term, mid-term, and long-term. it is worth noting that this is a line chart with each data point equal (H + L) / 2 OF 6H candle sticks( to remove the distortions for the purpose of simplification). This chart covers the past 18 months.
Now, let's get to the analysis. In this chart, the long term moving averages (2048, 1024, 512) are smooth and curving up which means that THETAUSDT has low long-term volatility, and it's return is accelerating over the long-term. it also has very strong long-term trend, it doubles on average every month . then, the mid-term moving averages (256, 128), they are getting smoother with time and are curving up, which means that both the mid-term volatility and return are getting better with time. finally, the short-term moving averages (64, 32, 16) are moving in a step-like formation with moderate curvature which indicate moderate short term volatility and step-like price movements over the short-term. Now, the conclusion is that THETAUSDT has desirable return-volatility profile and is expected to be among the best performing crypto-assets in the next few weeks.
please note that the best risk management strategy is to avoid leverage and to form a well diversified portfolio
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thanks
Mustafa
THETA Getting Ready to Break OutTheta has been tracking up this trend line since Feb 28th. It got a little overvalued, traded sideways for a bit and now we're back at the trend line.
With lower highs and higher lows, I'm expecting to see this thing keep climbing up the trend line and when it breaks through that resistance zone, it's going to make a run.
I'm putting a small profit taking target at $17 and then letting the rest ride for a while.
Great triangle⚖️Get ready🔥
There is an interesting formation.
Symmetrical triangle on THETA/USDT crypto pair.
There was a strong and confident bullish sentiment.
No more words!
Follow the chart and look for the breakout carefully.
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Thata got rid of its prison!!!!!!!After claim a new ATH at 15$ , Theta got stuck in an Descending Triangle
Theta achieved to breakout the triangle strongly with a full body candle and after that make a beautiful smooth pullback to the broken line
Targets are clear in the chart 1st is 14$ , 2nd is ATH 15$
THETA-USDT LONG Hello! Last time BTC dropped THETA went ⏫.
Watch it! Watch closely. Gann fan and fib extension used for reference.
I feel this could be a good profit potential,
This is not financial advice.
Thank you ! This one is short please any questions🖐, thoughts💭, happy😄, sad😢 in comments⏬⏬⏬⏬👍👎
Invest wisley!
Jazerbay💕
THETA/USDT Prediction AnalysisGood Morning to all respected Investors and Traders,
I made a simple analysis for THETA/USDT
I reckon you guys to entry at 11.7-11.9 USDT
Take profit at my potential target 1 and 2..
Make your own analysis sounds better and kindly please sharing this link..
Critiques and comments are super appreciated
Thank You! Happy trading y'all and good luck!
Best,
PS: This is not financial advisor. Please DYOR before entry the market