Theta long bull run Target: 5.667
Partial Take Profit: Monitor notifications for opportunities to take profit on the way up.
Trade Compound Range: 2.38 - 2.69
BTC Information:
In the next few hours, BTC is expected to undergo a short-term correction.
Source: Based on technical analysis and open interest trends.
S&P 500:
The market is showing a head-and-shoulders pattern with a technical breakout from the rising wedge. The favorable CPI numbers suggest that Jerome Powell (JPOW) will likely maintain interest rates in the next meeting. This scenario may stabilize the market, but portfolio managers and traders are expected to de-risk by shorting positions.
Theta Information (AI, Sound, and Video Games):
Circulation: 100% of the coin is unlocked.
Market FDV: $2.5B
24-hour Volume: $50M
Theta Overview:
Theta is a Layer 1 blockchain and decentralized infrastructure designed for video, AI, and entertainment applications. It operates as a dual network with two complementary subsystems:
Theta Blockchain: Supports payments, rewards, staking, and smart contract capabilities.
Theta Edge Network: Handles compute, storage, and delivery for video streams, AI tasks, and other use cases, including scientific simulations and financial modeling.
Native Tokens:
THETA: The staking and governance token.
TFUEL: Used for gas fees and on-chain smart contract interactions.
Next-Generation Platform:
The Theta EdgeCloud, a hybrid cloud computing platform built on a fully distributed architecture, is set to launch later in 2024.
Technical Analysis:
Weekly: Bullish (short-term potential correction expected).
Daily: Bullish.
4H: Bullish.
30M: Potential downside movement in line with the trade compound range.
Indicators:
RSI, Awesome Oscillator (AO), VWAP, VMC, and ADX all indicate bullish momentum. Weekly support and resistance (S/R) levels also support the bullish trend.
THETAUSDT trade ideas
THETA Long Signal | 130% Profit Potential with 6.8 Risk-Rewardโ
Key Trade Levels:
๐ Entry Point: $2.6
๐ Stop Loss: $2.1
๐ฏ Take Profit: $6
๐ Analysis and Explanation:
The THETA chart shows a strong Harmonic Gartley pattern, where the price rebounded after touching the 61% retracement level of the XA wave. Additionally, an inverse head and shoulders pattern has formed, and the neckline has been broken decisively. The key resistance at $2.6 is the last barrier. Once this level is broken, a strong upward movement towards the $6 target is highly likely.
theta usdt Update"๐ Welcome to Golden Candle! ๐
We're a team of ๐ passionate traders ๐ who love sharing our ๐ technical analysis insights ๐ with the TradingView community. ๐
Our goal is to provide ๐ก valuable perspectives ๐ก on market trends and patterns, but ๐ซ please note that our analyses are not intended as buy or sell recommendations. ๐ซ
Instead, they reflect our own ๐ญ personal attitudes and thoughts. ๐ญ
Follow along and ๐ learn ๐ from our analyses! ๐๐ก"
THETA - A Nice Pattern for a quick tradeBINANCE:THETAUSDT (1D CHART) Technical Analysis Update
THETA is currently trading at $2.33 and showing overall bearish sentiment
Price got rejected from the resistance within the channel and expected to crash further. There is a good short trade opportunity here.
Entry level: $ 2.33
Stop Loss Level: $ 2.58
TakeProfit 1: $ 2.1
TakeProfit 2: $ 2.0
TakeProfit 3: $ 1.9
TakeProfit 4: $ 1.78
Max Leverage: 5x
Position Size: 1% of capital
Remember to set your stop loss.
Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts.
Cheers
GreenCrypto
$THETA/USDTTheta Token ($THETA/USDT) is trading at $2.419, showing bullish potential after rebounding from the Fibonacci 0.618 retracement zone. The price is targeting $2.941 (T1) as the first resistance, followed by $3.337 (T2) and $3.759 (T3). The Fibo Zone at $1.800 remains a critical support for long entries. A sustained breakout could lead to a strong continuation toward the higher targets. Recommended stop loss below $1.700 ensures risk management.
@RosePremiumm
Breakout Watch: THETA Targets 30% RallyCurrently, THETA token is trading near the falling trendline resistance, and we anticipate a potential breakout above this level.
If the breakout occurs, the price could rally by over 30% from current levels. Additionally, the $2.00-$1.90 zone serves as a strong key support, providing a solid base for further upward momentum.
Keep an eye on this setup for confirmation!
DYOR, NFA
theta long midterm"๐ Welcome to Golden Candle! ๐
We're a team of ๐ passionate traders ๐ who love sharing our ๐ technical analysis insights ๐ with the TradingView community. ๐
Our goal is to provide ๐ก valuable perspectives ๐ก on market trends and patterns, but ๐ซ please note that our analyses are not intended as buy or sell recommendations. ๐ซ
Instead, they reflect our own ๐ญ personal attitudes and thoughts. ๐ญ
Follow along and ๐ learn ๐ from our analyses! ๐๐ก"
theta midterm sell"๐ Welcome to Golden Candle! ๐
We're a team of ๐ passionate traders ๐ who love sharing our ๐ technical analysis insights ๐ with the TradingView community. ๐
Our goal is to provide ๐ก valuable perspectives ๐ก on market trends and patterns, but ๐ซ please note that our analyses are not intended as buy or sell recommendations. ๐ซ
Instead, they reflect our own ๐ญ personal attitudes and thoughts. ๐ญ
Follow along and ๐ learn ๐ from our analyses! ๐๐ก"
TradeCityPro | Theta : Navigating Deep Corrections๐ Welcome to TradeCityPro!
In this analysis, I will examine Theta in both the weekly and daily timeframes, providing a detailed breakdown of its market dynamics and critical levels.
๐
Weekly Timeframe: Price Reaches Supply Zone Again
In the weekly timeframe, after forming a bottom structure around the $0.58 level, Theta initiated its first bullish wave, reaching the supply zone between $3.251 and $4.184 for the first time in this uptrend cycle.
๐ Following the initial test of this resistance, the price corrected and established a higher low at $1.009, reinforcing its support. With the breakout above $1.654, the next bullish wave towards the supply zone began.
๐ Currently, the price has been rejected from this supply zone with significant selling volume and has pulled back to $1.654. Sustained bullish momentum, characterized by sharp upward movements and dominant green candles, will require a breakout and consolidation above the supply zone.
โ
Upon clearing this resistance, Theta could rally towards the ATH at $12.978, with potential for further targets and a new ATH if $12.978 is surpassed.
๐ฝ A break below RSI 50 may lead to continued corrections, potentially revisiting $1.009. Despite this, as long as the price holds above $1.009, the market outlook remains bullish. Confirmation of a trend reversal would occur with a breakdown of this level, targeting the key $0.58 support, which remains a critical demand zone.
๐ RSI support at 50 and renewed buying volume could propel the price back towards the supply zone with stronger momentum.
๐
Daily Timeframe: Deep Correction in Progress
On the daily chart, the most recent bullish wave is visible in greater detail. Applying a Fibonacci Retracement, the price initially corrected to the 0.382 level, followed by a deeper correction after breaking the $2.257 low, extending to the 0.618 Fibonacci level.
๐ If the correction continues, the final retracement level, 0.786 Fibonacci, aligns with the $1.628 support, forming a Potential Reversal Zone (PRZ). A failure to hold $1.628 could see the price drop to $1.009, as noted in the weekly analysis.
Currently, bearish volume is increasing, signaling potential challenges for a bullish recovery in the short term.
๐ผ A bullish breakout would require strong buying volume, but opening long positions near the supply zone carries significant risk. Instead, consider entering positions at lower levels where price action provides a clear trigger to reduce stress as the price approaches the supply zone.
๐ Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and donโt forget to share this analysis with your friends! โค๏ธ above.
THETAUSDT Analysis: Is the Bullish Momentum About to Fade?Yello, Paradisers! Are we witnessing a decisive move for THETA, or is the market setting us up for a breakdown? Letโs break it down.
๐THETA has shown a solid rebound upon touching its support zone, but the key lies in its next move. The 2.10 resistance level holds the deciding power. A daily close above this level would confirm a bullish continuation, potentially driving the price upward toward our target zones.
๐However, if THETA fails to reclaim 2.10, we could see a rejection that pulls the price back toward the 1.73โ1.60 support area. Should this support hold, a rebound could occur, and weโll be closely watching for a double bottom formation, which could signal a recovery.
๐The critical concern arises if the 1.73โ1.60 support zone fails to hold. This area coincides with the support trendline, so a breakdown here would be a bearish signal, potentially driving the price downward toward the demand area.
๐Now, the demand zone near 1.16 is a vital level for THETA to maintain any bullish prospects. Historical rebounds in this zone are limited, so its importance cannot be overstated. A close below 1.16 would invalidate the bullish thesis and confirm a bearish trend.
Stay focused, trade smart, and rememberโit's the disciplined traders who win the long game.
MyCryptoParadise
iFeel the success๐ด
$THETA Short idea theta now on OB and supply zone and can give us a good profit in short . how ever in crypto you can see everything Ok with technical but in the behind a whale can break you . So market is in the bullrun maybe taking a short deal is wrong but I hope to technical . please do everything with capital managment . crypto is a danger now
THETA Long OpportunityMarket Context:
Several altcoins, including THETA, have retraced to their horizontal support levels, presenting a prime opportunity for a long position with favorable risk-to-reward.
Trade Details:
Entry Zone: Between $1.99 โ $2.14
Take Profit Targets:
$3.10 โ $3.35
$4.00 โ $4.40
Stop Loss: Just below $1.70
This setup leverages THETAโs strong support level, providing clear upside potential while managing risk effectively. ๐
theta sell midterm"๐ Welcome to Golden Candle! ๐
We're a team of ๐ passionate traders ๐ who love sharing our ๐ technical analysis insights ๐ with the TradingView community. ๐
Our goal is to provide ๐ก valuable perspectives ๐ก on market trends and patterns, but ๐ซ please note that our analyses are not intended as buy or sell recommendations. ๐ซ
Instead, they reflect our own ๐ญ personal attitudes and thoughts. ๐ญ
Follow along and ๐ learn ๐ from our analyses! ๐๐ก"
TradeCityPro | THETAUSDT Has the Market Turned Bearish?๐ Welcome to TradeCityPro Channel!
Letโs analyze a day when the market experienced slight corrections, with some coins recording red candles and traders feeling FOMO, moving away from the market. This is the best time to review triggers.
๐ Bitcoin Overview
As always, letโs start with Bitcoin analysis. In the one-hour timeframe, we are witnessing bearish candles, which are merely rejections of the new ATH. Such corrections are not concerning as they come with reduced volume.
Bitcoin dominance has also been ranging, causing slight corrections across all altcoins. Coins bearish in their Bitcoin pairs have seen more significant declines, while those bullish in their Bitcoin pairs are showing better resilience.
๐
Weekly Timeframe
In the weekly timeframe, THETA is one of the coins that previously had a strong movement. Earlier in 2024, it hit a new high compared to 2023, bouncing back from the 1.028 support level, which gives it a better edge than many other coins.
Recently, after breaking the 1.667 resistance, which was our entry trigger, it has reached the early 2024 resistance level and is now reacting to it. Following the correction and red candles, the declining volume indicates a positive sign for the upward trend.
The RSI is pulling back toward the overbought zone. If the RSI climbs back up from this level, we can anticipate another sharp move.
If you entered with our trigger, itโs reasonable to hold your position for now as you have a solid entry point. For those looking to enter again, either wait for a correction or buy after breaking the 3.136 level with a large stop loss at 1.667. However, this would be a riskier entry.
๐ Daily Timeframe
In the daily timeframe, after breaking out of the accumulation box between 1.543 and 3.136, THETA has experienced a 100% upward movement, providing an excellent profit opportunity.
Throughout this uptrend, weโve seen an increase in volume, which has subsequently decreased during corrections. Even when red candles appear, the reduction in volume is a positive signal for the coinโs long-term trajectory.
Based on Fibonacci levels, potential supports are at 2.349, 2.011, and 1.543. After confirmation at any of these levels, long positions can be entered. For continued momentum, breaking the 3.136 level with a stop loss at 2.349 can be considered a riskier option.
โฐ 4-Hour Timeframe
In the four-hour timeframe, the coin is moving within a short-term box between 2.534 and 2.749, accompanied by reduced volume and consolidation. This suggests that a breakout is likely soon.
๐ Long Position Trigger
breaking the 2.749 level could trigger a trade, as the 3.136 breakout is expected to be led by whales. However, if you miss the 2.749 breakout, 3.136 can also serve as an entry.
๐ Short Position Trigger
they are not currently recommended. However, a break below the 2.534 level could offer a risky short setup. Ensure small stop losses and quick profit-taking, as extended downside seems unlikely.
๐ก BTC Pair Insight
In the Bitcoin pair, THETA is just starting to show strength. It has recently reached its weekly resistance level and has a long way to go before its ATH. Once it establishes a higher low and breaks the 0.00003042 resistance, it could begin a strong upward movement. Stay patient and avoid FOMO if youโve missed this move. Many other coins in the channel have not yet triggered their entries.
๐ Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and donโt forget to share this analysis with your friends! โค๏ธ
THETA is on its way to being a Tier-2 projectTheta is a rather large project in terms of capitalization and it is quite difficult to move its price. From the chart point of view everything looks bullish and is about to shoot. You could also draw a cup with a pen here, but I didn't want to clutter the chart. Fairly good buyback reaction this week, the RSI is in the overbought zone and I think the asset's potential is not as high as a number of altcoins. This is not a bad option for investors who take a conservative approach to the market and for traders who like to trade with high leverage.
Horban Brothers.