Theta looks ready to move higher!Our proprietary oscillator gave a buy signal yesterday and THETA recovered from a short 20% correction and looks ready to start another bullish run!
THETAUSD.P trade ideas
Theta Token appears ready for a pullback!Our prop oscillator is showing that Theta is on the verge of a sell signal if it stays at or below the current price.
Theta Price Analysis THETA / USD: Binance BumpTheta / USD Short-term price analysis
Theta has a bullish short-term trading outlook, with the cryptocurrency advancing to a new monthly high.
The four-hour time frame shows that a bullish inverted head and shoulders pattern has now formed, with the THETA / USD pair trading close to the neckline of the bullish pattern.
Technical indicators on the four-hour time frame have turned bullish and continue to issue buy signals.
Pattern Watch
Traders should note that the upside target of the bullish inverted head and shoulders pattern on the four-hour time frame would take the THETA / USD pair to a new all-time trading high.
Relative Strength Index
The RSI Indicator on the four-hour time frame is bullish, although it is starting to correct lower.
MACD Indicator
The MACD indicator has turned bullish on the four-hour time frame and is currently issuing a buy signal.
Fundamental Analysis
Theta has surged after the announcement that its operational token Theta Fuel (TFuel) will be listed on Binance. TFuel is a second token in the Theta protocol that works in conjunction with the Theta token that exists today.
Theta / USD Medium-term price analysis
Theta has a bullish medium-term outlook, with the cryptocurrency trading well above its trend-defining 200-day moving average.
The daily time frame is showing that a large head and shoulders pattern remains valid, with Theta bulls working hard to negate it.
Technical indicators on the daily time frame are bullish and continue to issue a buy signal.
THETA / USD Daily Chart by TradingView
Pattern Watch
Traders should note that if the bearish pattern on the daily time frame is invalidated then a large bullish pattern will start to take shape.
Relative Strength Index
The Relative Strength indicator on the daily time frame is bullish and shows scope for further upside.
MACD Indicator
The MACD indicator on the daily time frame is bullish, with both the MACD signal line and histogram issuing buy signals.
Fundamental Analysis
In the medium term, Theta looks interesting. The project has closed a strategic funding round led by Samsung NEXT and Blockchain.info and is now fully funded through 2021. The team is planning to open offices in Seoul, Singapore and London and invest globally in media partner adoption.
Conclusion
The recent move higher in the THETA / USD pair has helped to create a large bullish pattern on the four-hour time frame. If buyers can maintain the positive momentum and negate the bearish pattern on the daily time frame, the cryptocurrency could soar to a new all-time trading high.
Downward Pressure Till End of May or First of June; Then Pump OnAs pointed out in this video publication; Theta US Dollar is likely to continue with downward pressure until the last week of May or first week of June before another bout of serious upward pressure takes us up higher. It's hard to say how high at this point. We may have a better idea of how high around the third week of June.
THETA/USD - Day Chart - Potential +420%THETA looks like its completed a large degree 1 and a 2 that has retraced 0.618.
from here i'm expecting a wave 3 that will have a minimum length of wave ones 420%, and probably more.
I've also place a conservative target at all time high just in the interest of caution.
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BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
Short term day chart to 29 centsHaejin Lee used to use what he called the jaws of wealth. Seems to be applying to Theta at the moment with wave 5 finishing at 29 cents and completing a 10 month cup and handle, correcting and continuing higher.
Theta short term 4hr chart to 29 cents. Haejin Lee used to use what he called the jaws of wealth. Seems to be applying to Theta at the moment with wave 5 finishing at 29 cents and completing a 10 month cup and handle, correcting and continuing higher.
THETA Potential Leg UP A cup and handle is being formed and the handle could possibly be complete by March 7. This means that another push to the upside re-testing and possibly breaking through the 0.15 cent resistance en route to the next level.
THETA Potential Price Targets (Bullish)In this chart you can see the potential price targets we can expect from THETA.
The Green Rectangles show areas that price action can take place with limited resistance, meanwhile the arrows indicate points of heavy resistance that will require substantial effort to break through.
If in every resistance stage a double top is created, means that it doesn't have the required momentum to move forward. Which will lead to correction and a period of consolidation until it attempts to break free for the 3rd time or possibly 4th attempt (Time will tell).
THETAUSD Sell Signal 30% profit potentialTheta is near the end of its extraordinary bullish run and the massive +290% gains. The 1W Resistance is calling for a sell at or just above it. I am looking at a 30% - 40% downside from there.
Targets: 0.12300, 0.10500.
$THETA is now in play (last alert shared here)$THETA is now in play, sorry if the chart is confusing its for members only (they are the only ones that'll understand this)
Theta- break over resPrice broke resistance at 0.91 and seems to be strong enough tobreak through the resistance zone. Nice directional indicator setup. 1st target is 0.99 then i'll review for direction.
