It’s Thetas turn againSymmetrical triangle breakout. Wait for confirmation but this is looking like it’s ripe for another run.
THETAUSD.P trade ideas
THETA.USDT (Y21.P2.E2).Hold on.Hi Traders,
This is a continuation of the previous post, the story just started.
It was covered in the video post
Patience with strategy is profitable, especially in trading.
Now hold on and lets hope it rockets amazingly.
For those who have not invested or held the dip, last chance.
All the best,
S.SAri
Theata IdeaLooking at the chart, Theta looks like it will drop to the support line before going on a bullish run.
Having some patience you can get a much better entry. However, buying now is still a good entry to prepare for the upside.
Theta pull back into strong buying areas!!Theta on high time frames has been rejected at higher prices showing there is too much resistance for price to continue higher, suggesting that the asset needs to pullback before it regain any bullish momentum. The last daily orderblock support level $8-9 where we can expect strong support and buyers to step back into the market. We can see after price hit into a top of $14 we sold off in an impulsive 5 wave structure suggesting that the sell of is not yet done with an impulsive c wave to the downside looking likely; we have strong confluence with the ~1.236 extension of A wave sitting at 9$ at the top of the Daily orderblock and the ~1:1 extension sitting at $9.5. A strong quick decline in Theta may bring strong buying opportunities with a strong bounce expected at these level with a wave 4 completion, which will be monitored.
Please like and follow for more!!
Buy the dip in ThetaExpecting a move up to the resistance around 13.5 region after bouncing off the fan line...
Indicators still pointing upwards
A close above that black resistance will be highly bullish for the next move higher.
Theta Network (THETA) - April 3 Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also ask for the "Like" clock.
Have a nice day.
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We need to see if we can get support at the 11.70032876-12.28271372 section and move up along the uptrend line.
If you decline at 10.53555876, you need a short stop loss.
In the CCI-RC indicator, it remains to be seen whether the CCI line can break above the EMA line.
It is important to get support above the 11.22403904 point.
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(THETABTC 1D Chart)
We'll have to see if we can get support on the 0.00019655-0.00020591 section and climb along the uptrend line.
If you fall from the 0.00017785 point, you need a short stop loss.
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If you look at the charts of most of the major coins, they are either rising near their previous highs or exceeding their previous highs.
These rises are expected to rise even more when the BTC price rises above 60K and moves towards 70K.
However, if the BTC price fails to rise to 60K, it is expected that it will eventually turn into a downtrend, so careful trading is necessary.
Currently, BTC is in the period of volatility, and the coin market is in the overheating zone.
In this market situation, if you enter along with rising prices, the rate of return may be negative.
The coin price is recording positive, but the yield of the coin I bought is negative.
Therefore, if you are not familiar with same-day trading or short-term trading, it is recommended to enter when the coin price declines and then moves sideways and shows support at some point.
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** 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 Token (THETA) Update - Good Entry PositionPrice has finally reached a support zone/trend line and is approaching the golden fibonacci zones of 50% and 61.8%. You can have a clean entry position around 11.8 or alternatively wait for it to touch the second support at the 78.6% level. This could be a possibility as the 21 and 50 Exponential Moving Averages are holding its position above the current price level. Both entries would be viable. Happy Trading :)
Double Bottom or Bullish Pennant? Double Bottom or Bullish Pennant?
What do you think?
BINANCE:THETAUSD
BUY LIMIT THETA/USDCRYPTO SIGNAL:
📊THETA/USDT 📉 BUY 12,51
📍SL 11,95
✅TP 12,9447
✅TP 13,2955
✅TP 13,6463
Leverage 10x
THETA.USDT (Y21.P2.E1).Small breakout tradeHi Traders,
Theta is still in the re-accumulations stages and right now stalking a breakout trade.
Observations on the 1 hrly
- MACD supports upward momentum
- 2 real touches;
- 13/50 ema cross over pending
- Lower high in this structure with 2 double bottoms
- 0.5 being the resistance level
Thoughts:
1 to 1 trade. sell at the next fib level.
All the best,
S.SAri
Theta 3.28.21Theta looking like a beast still. Finding a new floor and looking like it wants to test some higher areas of the range. Now for these trend lines since i've had so many noobs coming on. Just bc it crosses below it does not invalidate it . You dont just throw out an entire structure bc it comes below it for a few candles. If it continues to close on a weekly time frame then we will have to see. But i have just too many noobs rush in as soon as it pulls under it and yell "Your wrong" or "invalid" lol when in fact it normally pops right back above it and keeps going. targeting a test of 13.5 in the coming week. That will set the trend for the next month. If it rejects hard look to fill out 11-13.5. if it pops through aggressively be ready to go to new ath. 65 dollar is my next target once 13.5 is held but we will have to go level by level
Theta hit and cleared $12.00. What is next?Well yes. I bought more a little under 12$.
Price action shows developing support after the recent surge.
Wave C is still a possibility for the pattern to complete.
With a symmetrical triangle forming, an ABC correction wave is not necessary.
Limit orders are set from 12$ to 10$.
Let's stack them.
Another Bullish Pennant about to break out?Maybe it's the best moment to buy before it breaks?
What do you think?
BINANCE:THETAUSD
Technical Indicator Suggest A Bearish Move For THETA Price The weekly technical chart of THETA shows a bullish momentum. On coming to the daily chart's shorter time frame, THETA price has formed a corrective Elliot wave formation. According to the Elliot wave pattern, the price can test the level up to $11.72.THETA price is above 20 and 50 Moving average. The 20 MA(Red) line is at $8.72, making it temporary support for the coin. Resistance for the coin on going upside is at $14. While on the downside, the coin can see a bounceback from $11.There is a formation of the accumulation zone on the 4-hour chart. If the price goes above the zone, then a new high can be formed.THETA/BTC pair is currently performing negatively but can see a bounceback in a couple of trading session.
Kindly Comment your thoughts below
Just learning - would this be an example of a bearish GartleyCan the rules for patterns be within a range?
THETA 32% rally in jeopardy as immense resistance emerge at $14
THETA rallies towards all-time highs following a bounce from key support at $10.
The MACD has a bearish impulse, suggesting that THETA would correct toward the 50 SMA.
THETA is among the few double-digit gainers in the cryptocurrency market. This token has had a tremendously yielding first quarter of 2021. THETA has quickly grown from a less known cryptoasset, making it into the top ten. It has a market cap of $13 billion and is holding the eighth position in the market.
At the time of writing, THETA is exchanging hands at $13.12 after meeting acute resistance at $14. Holding above $13 will ensure that the accrued gains are not lost and guarantee stability in the market. Note that buyers have their eyes glued on $15, the current all-time high.
On the flip side, massive declines are likely to come into the picture if the token fails to hold at $13. Tentative support areas include $12 and the 50 Simple Moving Average (SMA) on the 4-hour chart.
The Moving Average Convergence Divergence appears to validate the correction. This is a momentum oscillator utilized in trading trends but rarely used to identify overbought and oversold conditions.
The indicator manifests on a chart with a couple of trendlines oscillating with no boundaries. Note that the crossover of these two lines is a trading signal resembling that of the moving average system.
It is essential to keep in mind that crossing above the midline (zero line) is regarded as bullish, while crossing below the same line is bearish. Moreover, when the MACD line (blue) crosses above the signal line, it is bullish. On the other hand, the trend tends to flip bearish when the MACD line crosses under the signal line.
Therefore, THETA is most likely to incur losses instead of continuing with the rally in the short-term.
THETA intraday levels
Spot rate: $13.1
Relative change: -0.05
Relative change: -0.2%
Trend: Bullish
Support: 50 SMA on the 4-hour chart
Resistance: $14
