theta sell midterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
THETAUSDT trade ideas
TradeCityPro | THETAUSDT Has the Market Turned Bearish?👋 Welcome to TradeCityPro Channel!
Let’s 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.
🌟 Bitcoin Overview
As always, let’s 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.
📅 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, it’s 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.
🌞 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, we’ve 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 coin’s 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.
⏰ 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.
📈 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.
📉 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.
💡 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 you’ve missed this move. Many other coins in the channel have not yet triggered their entries.
📝 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 don’t forget to share this analysis with your friends! ❤️
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.
Theta Network (THETA): Approaching Major Resistance ZoneTheta coin is approaching the major resistance zone where we are looking to see a two-way outcome.
The first scenario would be to wait out for a clean breakout and re-test, which would secure the price and lead it towards the upper resistance zone.
The second scenario is where we will reach this current resistance zone and get rejected, which would lead price back to 100 and 200 EMA for a quick re-test!
What do you think—which way will we go?
Swallow Team
Is THETAUSDT on the Verge of a strong bullish move?Yello, Paradisers! Are you ready to catch a potential surge in THETAUSDT? We’ve got our eyes on this one, and it’s time you should too!
💎 #THETAUSDT has successfully broken out of a descending channel. Now, we’re expecting a retest of the descending resistance. If the price completes this retest phase, it could pave the way for a bullish move from the demand zone around $1.231.
💎But what if momentum stalls and the price of #thetausd drops below this demand zone? Don’t worry; we’ve planned for that too. In such a case, we’re looking at a potential bullish rebound from the lower support zone at $0.902. This support is crucial due to its historical price action, and if the pattern holds, we anticipate a strong bullish move toward the next significant resistance level.
💎 However, if the price breaks below this support, it would invalidate the bullish setup and could lead to a significant drop.
As always, employ prudent trading strategies and ensure you have proper stop-loss measures in place. Stay vigilant to market movements, and we’ll keep you updated with more insights.
MyCryptoParadise
iFeel the success🌴
THETA Analysis: Ready for Another Explosive Move?THETA seems to be completing a three-wave ABC pattern or possibly a five-wave structure. Right now, it looks like we're in wave C or maybe even wave three, signaling the start of a sharp and powerful move. This move could mirror the first leading wave, which was very strong and profitable.
🔍 Wave Analysis:
Wave 1: A strong and profitable move.
Wave 2: A corrective phase with around 50% correction from Wave 1, an ideal setup for the next move.
Wave 3: Likely the start of another explosive move for THETA.
With the key resistances being broken, THETA is expected to reach higher levels. The projected targets for this token are:
🎯 Entry: $3
🎯 Target 1: $9 (200% profit)
🎯 Target 2: $38 (1100% profit)
🎯 Target 3: $100 (3200% profit)
🔥 THETA is ready for lift-off again; don’t miss this opportunity! 💎
SasanSeifi| Can It Hit $2.50!? Hey there,By analyzing the daily chart of BINANCE:THETAUSDT , we can see that the price has made a significant move up from its low towards the supply zone. Currently, the price is reacting to the supply zone and we are witnessing a pullback. Based on the overall market conditions, my view remains bullish.
My Expectation:If the price holds the support level at $1.50, it could potentially rise to targets of $2.00, $2.20, and the supply zone around $2.50. If the price continues to rise, we need to observe its reactions to better understand the continuation of the trend. The key support level is $1.50.
💡 Keep in mind, this is just my personal perspective and shouldn't be considered as financial advice. I’d love to hear your thoughts and engage in a discussion!
Happy trading!✌😎
Feel free to reach out if you have any questions or need more clarification. I'm always here to assist!✌
If you want any further adjustments, just let me know!
#THETA: Transforming Video Streaming EcosystemsDescription:
This trading idea is based on THETA, the native cryptocurrency of the Theta Network, a blockchain platform revolutionizing video streaming and content delivery. THETA powers a decentralized network where users can share bandwidth and computing resources, reducing infrastructure costs and improving streaming quality. With strategic partnerships, including collaborations with major media and tech companies, and its focus on NFTs for video content, THETA is positioned as a key player in the next-generation streaming ecosystem. Its unique value proposition continues to attract both developers and users, boosting its adoption and long-term potential.
However, the cryptocurrency market is highly volatile and influenced by factors such as regulatory changes, macroeconomic events, and market sentiment. Investing in THETA or any other cryptocurrency carries risks, and traders should exercise caution and employ proper risk management strategies to navigate market uncertainties.
Disclaimer:
This trading idea is intended for educational purposes only and should not be considered financial advice. Cryptocurrencies like THETA involve significant risk, including the potential loss of your entire investment. Always conduct thorough research, assess your financial situation, and consult with a financial advisor before making investment decisions. Past performance is not indicative of future results.
THETAUSDT Trend Reversal Confirmed !THETAUSDT TEchnical analysis update
BINANCE:THETAUSDT 's price broke out of a triangle pattern on the daily chart after 150 days of consolidation, accompanied by high volume. The price is now trading above the 100 and 200 EMAs, confirming a trend reversal. This breakout signals potential for further upward momentum, as buyers regain control.
Buy level: $1.60
Stop Loss:$1.25
THETA looking for 2 to 4 X in Short to MId TermWith BTC getting ready to tap 100k alts are looking primed for movement. Theta is no exception lining up for a breakout that could be a 2 to 4 x in the short term before potential price discovery starts. EMAs and momentum looking solid here. Math says up as of now
#THETA/USDT#THETA
The price is moving in a descending channel on the 4-hour frame and is sticking to it very well and is expected to break it upwards and it has already been broken
We have a bounce from a major support area in green at 0.1550
We have a downtrend on the RSI indicator that has been broken upwards which supports the rise
We have a trend to stabilize above the 100 moving average which supports the rise
Entry price 1.20
First target 1.36
Second target 1.50
Third target 1.66