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Theta Token / TetherUS PERPETUAL CONTRACT

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THETAUSDT.P trade ideas

THETAUSDT wants the breakout soon!THETAUSDT's price chart shows that the pair is currently forming a falling wedge pattern on the demand zone. This pattern is a bullish signal that suggests the possibility of a price reversal from the current downtrend. Traders are waiting for a breakout of the falling wedge pattern to confirm the bullish signal. If the price breaks above the upper trendline of the pattern, it would indicate a potential trend reversal and could trigger buying pressure in the market. After the breakout, the traders are anticipating a retest of the resistance level as a new support level, which would confirm the strength of the new bullish trend. The main resistance level for THETAUSDT is currently at 1.220 USDT, and if the price breaks above this level, it could signal the start of a significant price increase. According to Plancton's rules, traders may consider entering a new long position once the breakout and retest occur. This means buying THETAUSDT with the expectation that the price will continue to rise. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
4
THETA/USDT possible turnover to happenHey, guys ✌️ THETA coin looks interesting to us with a high chance for a turnover as well. Will be watching it closely and once we see a decent movement in candles we might as well hop on that train. 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
11
THETAUSDT ready for the breakout?THETAUSDT has recently broken out of a descending channel pattern and is currently testing the 4-hour resistance level . The descending channel is a technical chart pattern that occurs when the price of an asset is in a downtrend and begins to consolidate within a range, forming a channel with lower highs and lower lows. The breakout from the descending channel pattern was accompanied by a significant increase in trading volume , which may indicate increased demand for THETAUSDT and positive sentiment among traders. However, in order for the cryptocurrency to continue its upward trend, it will need to create a breakout from the 4-hour resistance level . According to Plancton's rules for long positions, buying opportunities should be sought after a breakout from resistance, followed by a retest of the level as new support and applying MTB and/or CPS strategies ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
11
$THETA Right angled Broadening FormationTheta is a nice example of this pattern still developing. This is a critical level. Typically once this level breaks you either get consolidation for the checkback, or straight to the top of the range, and the .382. This also happens to be a gap zone in the chart. After that i would be watching for a move to the 1618 zone at the 50% retracement. If you look left that yellow dot represents a zone that traders made have set up shorts, and the long wick is an imbalance that will likely be resolved. The third zone this pattern typically retraces to, is the .618, which ends up being the measured move of the broadening wedge, and the typical target for this type of pattern if you were looking at it as a lower low dragon.
Long
by TradingNomadic