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Theta Token / TetherUS PERPETUAL CONTRACT

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THETAUSDT.P trade ideas

THETAUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for THETAUSDT Here we see R1 that used to be support line and S1 used to be a resistance line and also S2 is our support line at the bottom. Presently, the price is fluctuating below R1 and we believe a decline is waiting for it after it reached R1. In case the price is able to rise again when it falls to S1, the right shoulder of our pattern is formed. It may happen that the price has more decline by reaching S1. Bear in mind that it is better to consider the confirmation candles and then make sure what you are doing in your trade orders. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Short
by MarsSignals
7
$THETA - 2D Elliott Wave UpdateSomeone asked me for a $THETA chart yesterday and I found the chart very interesting in that there is a decent case for this correction being done, but also a nice strong support not too far off (approx -20-25% down)... I drew the support line blue and its just below the red price line. If we don't make a new low, we could bounce here at any moment, but I prefer to keep all options open. Its never a good thing to not see other options. Safe trades to all.
by FlokiCrypto