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.
Thetausdt
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"
THETABTC completed another bullish reversal for new ATHBull flag formation:
In US Dollar market the price action of Theta has formed a bull flag. Here the priceline is re-testing the exponential moving averages with the time period as well. And if the priceline breaks out the channel that has been formed within this flag then it can reach at $3.5 easily.
Cup & Handle move:
On daily time frame chart, with the Bitcoin pair the price action of Theata has completed the formation of Cup & Handle pattern. Now it has also tested the support of 100 SMA and the 50 SMA has formed bull cross with 100 SMA as well. If we take the measurement from the breakout point to support and place it at the breakout point or resistance of the Cup. Then our next target can be 0.00011755 btc and if the priceof BTC will be $35000 then 0.00011755=$4.
Ichimoku cloud and Rising Wedge:
On long term weekly chart, the price action of Theta with Bitcon pair has formed a rising wedge pattern and also broke out the Ichimoku bearish cloud as well. The cloud is now bullish so we can expect that the priceline migh make another attempt to break out the resistance of this cloud.
Conclusion:
The price action of Theta is setting new all time highs in every rally. Now we can expect another rally that can be 100% up from the current price level.
$THETAUSDT - Inverted head and shouldersHello everyone!
There is an inverted head and shoulders pattern spotted on an hourly chart of THETAUSDT.
I made this pattern yesterday, and was waiting for the confirmation, the best confirmation point was at $1.83, where the dynamic resistance is, however Theta rebounded earlier.
$2.27 and $2.357 are the must test points based on the pattern, $2.51 is very reachable if Theta breaks above $2.357
#Theta, you know I like you ,Don't you?theta heading for 4.6-4.7 in the long term
we already got our profit previously after our entry from 0.8 with more than 100 % profit
tomorrow 15 Jan , is a time pivot for bullish wave , so let's take advantage of it
manage your risk and take advantage of any correction to hop into that one
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THETA/USDT - Parabola broke, descending triangleTETHA had a crazy parabolic run doing a 3x!
Now after we broke the parabola in yellow we are taking a breather and forming a descending triangle which suggest a bearish bias. Moreover, MACD is due to cross over in the negative, another bearish signal.
If these are confirmed, then we're very likely to break down the triangle. Do NOT FOMO into this coin, at these levels you should take profit after entering in early December. Wait for the triangle to break before taking action.
Bias is bearish for now.
Like and follow!
$THETAUSD - Double bottom, wait for confirmationHello everyone!
There is a possible double bottom pattern being formed on THETAUSD.
The token is testing an important resistance level at 2.02, so far the resistance stays strong.
The importance of this level is shown on the chart static resistance and the dynamic resistance which once was a support.
For that being said, I highly recommend to long above 2.05 or 2.06, or wait for the retest of 1.89 and go long.
THETAUSDT moving at right bullish trackHi friends hope you are well and welcome to the new update on Theta coin.
Road map available now:
1st of all I would like to tell you that the road map of Theta coin is finally now available.
Ichimoku cloud is strong bullish:
On weekly chart, the price action is moving above the Ichimoku bullish cloud and the cloud is moved at the level of $1.45. The lagging span is also bullish and the conversion and base lines of the Ichimoku cloud indicator are also strong bullish.
The EMAs:
The exponential moving averages with the time period of 10 and 21 on the daily chart are also strong bullish. And the price line is using these exponential moving averages as support very well before the next bullish move. If the priceline will start a correction then it may re-test the EMA 21 which is at $1.58 at the time of writing.
The simple moving averages:
The simple moving averages with the time period of 25, 50, 100, and 200 have formed an opened alligator mouth as the smallest time period moving average is above all and the bigger time period moving average is below all. Therefore, unless this alligator’s mouth won’t be closed the bullish rally cannot be ended.
Bull flags:
On the small-time period 4-hour chart, the price action of Theta coin is forming bull flags consistently and as per the sequence of the current bull flag, the next imminent move can be upto $3.1.
Conclusion:
The price action of Theta is very strong bullish from short-term to long-term. At the start of the year 2020, the price of Theta was around $0.09 and at the end of 2020 it reached $2. So if this pace will be continued then theta can again surge more than 2600% and reach $50 easily.