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Theta Token / TetherUS PERPETUAL CONTRACT

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THETAUSDT.P trade ideas

THETAUSDT is getting ready to go burstThis 2W chart reveals many interesting things. Price action has been boring but very telling: the 1$ mark has been rock solid for the past 6 months. If we're indeed at the end of an ABC correction on the 5th Elliot Wave, then 3 important crosses are bound to happen for a new bullrun to start: RSI cross with its MA MACD cross with its signal. The last cross on June of 2021 sentenced the beginning of the corrective phase. I assume that the opposite cross must indicate the opposite scenario Breakthrough of the 1.5$ and resistance. This would be a good entry point, for that would increase significantly the chances of the trendline breakthrough. The volume is low but in my opinion, that has more to do with the 1$ resilience which I think prevented capitulation and with the fact that price has been steadily dropping since its last ATH. With that being said, I expect a new ATH to be reached in the next bull market within the 1.618 and 2.618 extensions, being 25$ the first target. Let's wait and see, but it definitely looks promising. DYOR. Not advice
Long
by Zerkaalo
2
THETA/USDT Another Rejection? or? Good Morning Colleagues ✌️ This one was asked by another one of our members so here we are with THETA coin. Currently rejecting that upper side of sideways movement we see a good potential for a full scale rejection to happen here but with some re-test to upper resistance. Waiting for upcoming week to see how overall market will open itself to trades. If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowPremium
2