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Theta Token / TetherUS

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THETAUSDT trade ideas

$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
THETAUSDT 4HProjecting a trend-based Fibo retracement we have a resistance at $1,303 which is confirmed with MM200 and then $1,378. We are in an overbought region and can visit the $1,048 level, making a triple bottom (We made a double double bottom on July 13, 2022 and September 7, 2022.) before going for the respective resistances. if the LTB (downtrend line). THETA is undervalued, out of its fair price. Theta is a native blockchain with an open source protocol, which means it allows developers and partners to build decentralized applications on the network, like Ethereum does. It is a decentralized peer-to-peer video delivery network powered by blockchain technology that enables free delivery of high-bandwidth content. As users watch videos, some of their computing power is leveraged to relay those videos to other users, with top users earning tokens as a reward.
by ferulianov