THETA/USDT Update: Mainnet launch rescheduled/ Spotting entriesTheta pulled out a >100x graph since march 2020 and is overextended.
The news that the mainnet launch was rescheduled by more than 2 months led to a selloff that most likely will continue until we find strong support.
Due to the overextension it's hard to find these spots but we found some ideas showed by the boxes.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
Thetausdt
Theta/usdt short midtermShort targets are marked in blue , ath was reached around 14 , large volume of early investors cashing out. If the price breaks below10.3 , we will see continuous descent to 8.0 if that doesn't hold, continuous descent to 5.0 levels may be observed.
Imho. Im expecting a strong reversal from 8.0 levels to continue the uptrend towards ath.
Theta Network (THETA) - March 24Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------------------- -----
We need to see if we can get support from 11.9546-12.5496 and climb above 14.3345 points.
If it falls, you need to make sure you get support at 10.5281.
If you decline in the 8.9797-9.5747 range, you need a short stop loss.
The next volatility period is around March 27 (March 26-28).
---------------------------------------------
(THETABTC 1D Chart)
You need to make sure you get the support at the point of 0.00023397.
If it falls, you need to make sure you get support in the 0.00019655-0.00020591 range.
Due to the sharp rise, it may fall to the 0.00014978-0.00015914 section, so careful trading is necessary.
If it falls between 0.00014978-0.00015914, a short Stop Losss is required.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
THETA QUICK SCALP :)Don't want to be holding onto anything for too long with the choppy conditions BTC is presenting us currently, however THETA has been one of the few projects that has held up well and recovered strongly. We can see its primed for another wave up at the moment!
Wanting to take profits just below the 4hr trendline.
S/L: 10.95
TARGET 13
IS THETA a forward indicator for the rest of the market??this is just an idea. don't take it to heart. just a thought.
THETA has had an absolutely phenomenal run so far.
from bottom to the top basically did a 150X.
very impressive.
However, I do believe that it's done. Its completed its run up. for now at least.
I count 5 major waves, and if you actually look inside each of the waves, you can actually count out another 5 waves. the 2W chart don't show the individual waves as clearly, but if you look at the weekly you can count 5 smaller waves within each of them.
and the waves are valid because the 3rd wave isn't the shortest, theres a 1.1 ratio of the 3rd wave vs the 1st wave so this count is valid.
Additionally, rising wedge on 2W RSI.
I dunno bout you boys, i reckon this is done.
1st major support round:
- $3 range. ranges are pretty broad coz they're weekly OBs.
then
- $2 range
then
$0.70
$0.40
$0.26
this is crypto after all, tbh, I wouldn't be surprised to see $0.70 again, but then again. wth do i know.
im just a joker boys.
Maybe this is a sign of what is to come to crypto? we'll see, i'll be watching this thing though
THETA/USDT - On the moon, can we fall down?Theta is officially on the moon after doing a 300x since March 2020. Crazy right? Only crypto can provide such returns.
Now that we look at the chart and where we are I see a massive wedge forming on this raising parabola. We can still pump nicely a bit, but there is not much room left. Maybe Theta can do another 1x to reach $20, but after that its likely we will turn back and correct some.
This is not the time to buy or FOMO, but slowly secure profits as we go up and especially if the yellow parabola breaks.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
$THETAUSD - Long on the triangle breakoutHello everyone!
Theta is looking to escape the triangle and continue uptrend.
The best point to keep in mind in all chart pattern trades is wait for a breakout, the best of the best is wait for a breakout and retest, so wait for a signal and perform the necessary trade.
THETA MOONING!!! Can ti hit our targets? 100% - 300% Returns!This coin has a lot of bullish momentum. The possibility of hitting the TP 1 is there which is roughly an 8 billion market cap increase however to have a 3x towards TP 2 would be the equivalent of a 24 billion injection. I am not familiar with the project too much and with cyrpto, that is entirely possible. Me, however, I am waiting for a retracement prior to entering.
GOOD LUCK!
THETAUSDT - NFT token What Is Theta (THETA)?
Theta (THETA) is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch.
Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.
Developers say that the project aims to shake up the video streaming industry in its current form — centralization, poor infrastructure and high costs mean that end users often end up with a poor experience. Content creators likewise earn less revenue due to the barriers between them and end users.
What Makes Theta Unique?
Theta’s main business concept is to decentralize video streaming, data delivery and edge computing, making it more efficient, cost-effective and fair for industry participants.
The network runs on a native blockchain, with two native tokens, known as Theta (THETA), Theta Fuel (TFUEL), powering the internal economy.
Theta’s appeal is threefold: viewers get rewarded with better quality streaming service, content creators improve their earnings and middlemen — video platforms — save money on building infrastructure and increase advertising and subscription revenues.
Users have an incentive to both watch network content and share network resources, as rewards come in the form of TFUEL tokens.
The platform is open source, and token holders receive governance powers as with many proof-of-stake (PoS)-based blockchain ecosystems.
In addition to video, data and computing, Theta caters to developers looking to launch decentralized applications (DApps) on its fully featured EVM-compatible Smart contract platform.
Trade on retest📉Good day, wolves🔥
There is an interesting formation for you.
Symmetrical triangle with bullish breakout on THETAUSDT.
There was a strong bullish sentiment before, then the price broke resistance level.
According to Elliott Waves theory all the waves were done.
Now the price entered into the correction and started to retest new support level.
The price should fall to the zone between 7.46 and 7.32
So follow the chart and look for the best price to enter carefully.
_____________________________________________________
If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".