THETABULLUSD trade ideas
IS theta getting ready to break out of the channelIS theta getting ready to break out of the channel
THETA - price discovery !On the USD chart THETA has taken out any form of resistance and is in price discovery mode.
Let us sit back and observe what Theta is capable of doing for us investors ...
(happy to be around since 10 cents).
Theta Token Weekly Pipe Dream that can come trueIS theta due for a temporary pull back? I think so
Theta has had a solid past few weeks after rallying over 100% and much over 1,000% on the year.
Pull back would from here is likely and normal.
Accumulate on the dips
Short the tops off
or Hodl (Hold on for dear life)
(Not financial advice)
THETA ROCKET +1030%We went long THETA 18 months ago today. The cryptocurrency has had an amazing run throughout 2020. The price looks somewhat extended right now with $1.15 possibly a more appetizing entry point for newcomers. $1.15 is where the 8 day EMA sits on a one year chart ($0.89 above on longer term chart) and we can expect a contraction to somewhere close to that price level after such a monster move. A worse case scenario could see Theta fall to the 100 day Simple Moving Average at $0.70 on a one year chart once it blows off some steam.
Theta's platform allows users to earn money by sharing bandwidth and computing resources on a peer-to-peer (P2P) basis.
Turing-complete smart contract support was enabled on the Theta Blockchain Mainnet earlier this month. Smart contract funcionality open up a whole new set of user experiences and new attribution models for DApps built on the Theta network
Also, the team announced the next generation Theta blockchain: Theta Mainnet 3.0 projected to launch in the Spring 2021 will introduce TFUEL staking and burning.
We are +1030% on this trade and remain bullish on Theta.
Theta - LONGTheta had been accumulating between $0.6 and $0.7 for a long time. As soon as it broke out of this accumulation zone, it started gaining momentum upwards. It is currently trading above the 1 fib. As long as the support at fib 1 at $1.072 holds, we could see a move towards fib 1.618 at $1.249 and an extended move towards fib 2.618 at $1.534. Failure to hold the price of $1.072 could lead to a move towards $1.01, $0.96 and $0.92.
Past Theta Bull Runs have lasted around 31-38 barsIn the past Theta Bull Runs have lasted around 31-38 bars on the 2 Day
$3 by End of Jan 2021
THETAUSDT Long upward channelTheta crossed the resistance and is establishing a strong key support level.
Based on the prior high highs and high low we can determine a new upward channel like the ones which formed in the past months.
Stop loss @ 0.75 USD (after daily candle close)
Theta long - longer term consolidation than BTCTheta looking strong, longer term consolidation vs btc, trading close to ATH range from Oct, curving upwards (vs btc curving down).
Theta Price Target $1.00 short term The latest news of smart contracts being deployed on the Theta network December 10 2020, could be enough to propel us to the $1 target in the next leg up.
$THETA 2020-NOV-13THETAUSD has been sitting in a nice tight channel. There is currently a test of the lower bound, however RSI is extremely low at this point. History on the chart suggests that there should be a bounce here...
#crypto
THEATA rsi divergence on 4 hour timeframe there has been a rsi divergence on the 4 hour time frame. this combined with a break of the recent trend line and rejection of 50 ema signaling a possible reversal back to dominate uptrend and a trade entry
Theta Confirms SupportLast weeks' candle close (weekly chart) for Theta is ideal.
Price dropped 20% (as we projected on 6 Oct)...
...establishing the horizontal level as support.
Although MACD is pushing downwards on the weekly time-frame, the new support level sets Theta up nicely for a continuation in the days and weeks ahead.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
Theta Hit Our Downside Target of 20% — Now What? :) Recently we projected a 20% drop for Theta... and we nailed it.
Check out the replay at...
The 20% drop for Theta was not negative at all. It establishes the previous resistance as a strong support, providing a launch platform for Theta's price appreciation in the weeks ahead.
Due to the negative MACD momentum it may take a few candles for Theta's price to turn back up, but traders will certainly be looking for entry points.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
