THETAUSDT (THETA TOKEN) - IMMINENT BREAKOUT ANALYSIS 🔎
- THETAUSDT is building up in an ascending triangle pattern.
- This is a bullish build up pattern.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
Thetausdt
THETAUSDT (THETA TOKEN) - UPTREND CONTINUATION ANALYSIS 🔎
- THETAUSDT is testing the ascending channel support.
- Price action is printing a symmetrical triangle pattern.
- This is a bullish pennant continuation pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the symmetrical triangle's inclined resistance.
TARGETS🎯
- Previous swing high horizontal resistance (R1).
- Fibonacci extension levels
- Ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel support and symmetrical triangle's inclined support.
Theta Has Reached The End Of Bull Flag For Big MoveHey friends, hope you are well, and welcome to the new update on Theta coin.
A powerful rally and sideways move:
After the powerful rally, the price action of Theta is moving sideways since 2nd Jan 2021. 1st it was moving in the parallel channel but after forming higher lows and lower highs the pattern has been changed to a symmetrical triangle. And this move has also formed a bull flag on the daily time period chart as well.
The EMAs:
On the daily time frame chart, the price action is also using exponential moving averages with the time period of 10 and 21 again and again. This time the priceline has again bounced by the EMA 21 and reached the resistance of the triangle.
The volume:
We have a powerful buying volume in the end of Dec 2020 then 1st week of Jan and the last week of Jan 2021. With volume, the volume oscillator was also giving powerful buying volume signals. Now the volume is being decreased. Now there is a possibility that again the volume oscillator will rise up and if this volume oscillation will be for buyers then the priceline may breakout the resistance of the triangle.
Conclusion:
As the priceline of Theta has reached the end of the triangle and bull flag, therefore, there are more chances that soon this sideways trend will be over.
THETAUSDT (THETA TOKEN) - POTENTIAL BREAKOUT ANALYSIS 🔎
- THETAUSDT is building up in an ascending triangle pattern.
- This is a bullish build up pattern.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
Theta (THETA) - Februray 2Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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You should watch for any movement that deviates from 1.8276-2.2521.
In particular, you need to check if you can climb along the uptrend line (3).
If you go down at 1.6861, you need a short stop loss.
If it falls from the 1.4160 point, a Stop Loss is required to preserve profit and loss.
However, you need to trade carefully as you can go up by touching the uptrend line (2).
The next volatility period is around February 9.
-------------------------------------------------- -------------------------------------------
** 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 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.
Hence, 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 published by oh92. (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: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
💡 Don't miss the great buy opportunity in Theta TokenTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.74). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Theta Token THETAUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 2.20
TP2= @ 2.51
TP3= @ 2.78
TP4= @ 3.14
TP5= @ 3.60
SL= Break below S2
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Be sure to leave a comment let us know how do you see this opportunity and forecast.
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💡 Don't miss the great buy opportunity in Theta TokenTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.74). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Theta Token THETAUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 2.20
TP2= @ 2.51
TP3= @ 2.78
TP4= @ 3.14
TP5= @ 3.60
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
THETAUSDT (Falling wedge)THETAUSDT (1H CHART) Technical Analysis Update
Falling Wedge Breakout
THETA/USDT currently trading at $2.00
Buy-level: Above $1.940 to $2.00
Stop loss: Below $1.84
Resistance l;evel 1 (Target 1): $2.17
Resistance level 1 (Target 2): $2.40
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and comment your thoughts.
This Bullish Reversal Pattern Can End up The Sideways TrendHey friends, hope you are well, and welcome to the new update on Theta coin.
Parallel channel:
On the daily chart, the price action of Theta has formed a parallel channel and moving within this pattern since 1st Jan 20201. In the meanwhile, the price action is also testing the exponential moving averages 10 and 21 as supports. And forming higher lows.
SMAs:
On the daily time frame chart, the price action of Theta is still moving above 25, 50, 100, and 200 simple moving averages and using 25 SMA as support very well.
Bullish reversal BAT move:
On the 12-hour chart, the price action of Theta is completing the final leg of the bullish BAT pattern, and soon it will be entered in the potential reversal zone. There is also 100 simple moving average support in the potential reversal area. Before this, the price action also completed another BAT move.
Bullish reversal Gartley move with Bitcoin pair:
On the 2-day chart, the price action of Theta with the BTC pair is completing the final leg of bullish Gartley and soon it will be entered in the potential reversal zone. There is also 100 simple moving average support in the potential reversal zone and the 200 SMA below the PRZ level. On breaking down the 25 simple moving average the pattern will be confirmed.
Conclusion:
Theta needs a little more drop for the completion of bullish reversal harmonic moves in the US Dollar market and in the Bitcoin market as well. Then a big move can be started.
Keeping the target projection at THETAUSDT 4H - Price optimismTechnical analysis regarding the price of THETA NETWORK in relation of dollar Tether for the next scenarios, based on 4 hour movement.
The price formed its impulsive and corrective waves and did not seek the previously projected target. However, I keep the projections intact, as the price formed an accumulation on this 4H chart and could possibly break through this region of resistance that was formed to seek the projections. The price has been moving upwards, and this cryptography has always appreciated over time, so I believe that it will seek more accentuated tops and funds as it goes on!
RSI cooling and below 50, and price forming bottom / rising tops.
The price has already broken through the Exponential Moving Average of 34 and 89 periods. I believe you can search for the support region you formed (before the stop) and go back up!
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
THETAUSDT forming bullish BAT | Upto 35% profit expectedHi friends hope you are well, and welcome to the new update on Theta coin.
On the 12-hour chart, after the formation of a BAT move the price action of Theta is completing the final leg of another bullish BAT and soon it will be entered the potential reversal zone. There is also 100 simple moving average support below the buying zone. On breaking down 50 SMA the move will be confirmed.
Possible profit and loss ratio:
This trade has a profit possibility of 35% and the loss possibility is only 5%
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
www.patreon.com
Theta (THETA) - January 27Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
You need to make sure you can get support at point 2.2521.
If it falls, we need to make sure we get support at 2.11.
With support at the 2.2521 point, it is expected to rise towards the 2.6766 point.
If it falls between 1.6861-1.8276, it is a short-term Stop Loss.
-------------------------------------------------- -------------------------------------------
** 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 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.
Hence, 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 from 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 or 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: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
THETAUSDT H16: BEST Level to SHORT IT 35% gains(SL/TP)(NEW)THETAUSDT H16: BEST Level to SHORT IT 35% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
HIGH RISK setup. proceed ahead with caution.
DO NOT USE HIGH LEVERAGE.
🔸 Summary and potential trade setup
::: THETAUSDT chart review/outlook
::: 35% correction incoming soon
::: XABCD BEARS setup point D/PRZ 2.60 USD
::: furthermore ETHUSD failing near ATH
::: so limited upside in alt coins from here
::: expecting pullback/correction mode
::: recommended strategy: SHORT IT D/PRZ
::: near 2.60 USD TP1 +25% gains TP2 +35% gains
::: final TP BEARS is 1.60 USD
::: it's possible that price will re-test
::: near range lows (50%+ correction)
::: however base scenario is 35% correction
::: no valid setup for bulls here
::: TP BEARS is 1.60 USD
::: SWING TRADE: SHORT HIGH TP 35% gains
::: correction MODE soon
::: good luck traders!
::: SHORT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/1.60 USD
::: Sentiment outlook short-term: ALMOST MAXED OUT/REVERSAL
THETA DAILY CHART- Theta is in a bullish momentum and forming a continuation
a continuation pattern with a breakout.
- According to the technical analysis, this cryptocurrency can give us momentum on its triangle breakout, just like the previous momentum.
- The time to enter is at the continuation of the daily candlestick in case it closes above the bullish pennant.
Theta getting ready for next rallyHey friends, hope you are well, and welcome to the new update on Theta coin.
Previously we have seen that on a 12-hour chart the price action was expected to complete the final leg of bullish BAT.
Now finally the price action completed the leg and so far it has rallied more than 24%.
The SMAs on the daily chart:
O daily chart the price action of Theta broke down the 25 SMA but still moving above 50, 100 and, 200 simple moving averages.
EMAs on the daily chart:
The price action of Theta was likely to break down the EMA 21 on the daily chart after breaking down the exponential moving average 10 but now it again seems to be crossing up the EMA 10.
The bull flag:
On the 12-hour chart a bull flag formation can be clearly seen, which is in fact a wedge pattern. The volume profile of the complete pattern is showing less interest of the traders close to the support. Therefore the break out is possible.
Different support and resistance levels:
On the small time-period 4-hr chart, different support and resistance levels can be seen. After rejection by $2.30 resistance 1st the price action started moving between $2 and $2.30 support and resistance levels. Then the price action of Theta broke down the $2 support and now moving between $1.70 to $2 support and resistance levels. Here the pricline also has good support of 200 simple moving average.
Long-term up channel:
On the long-term weekly chart with Bitcoin pair, the price action of Theta has formed an up-channel, and recently it has started moving up from the support of this channel.
Cup & Handle move:
While taking bounce from the support of the big channel, the price action of Theta coin has also started moving up after the completion of Cup & Handle on the daily chart.
Conclusion:
The price action has formed a bullish reversal Cup & Handle pattern while taking bounce from the support of a big channel. Therefore we can expect a rally to the upside soon.
THETAUSDT - SYMMETRICAL TRIANGLE ANALYSIS 🔎
- MATICUSDT is consolidating in a symmetrical triangle pattern .
- Breakout is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: horizontal resistance levels (R1, R2), fibonacci extension levels.
Downtrend ⬇️: horizontal support levels (S1, S2), fibonacci extension levels.
✳️Theta Token/USDT Analysis (22/1) #THETA $THETATHETA has lost $2 zone and is falling back to $1.5 zone, which is very strong support since it helped THETA recover on January 11th. Over the next few days, I think THETA will return to $2 zone. .
If THETA conquers $2 zone, it can move up sharply to $2.5 or even $3
If it continues to be rejected at $2, it will fall sharply to $1.1 to test the MA200 of 1Day frame.
📅NEWS
No News
📈BUY
-Buy: 1.45-1.55$.SL if B
-Buy: 1.05-1.1$.SL if B
📉SELL
-Sell: 2-2.1$.SL if A
-Sell: 1.45-1.55$ if B.SL if A
♻️BACK-UP
-Buy: 2-2.1$ if A.SL if B
-Sell: 2.5-2.6$.SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"