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Theta Token / TetherUS

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THETAUSDT trade ideas

THETA: Metaverse is sill alive!Hello guys. Hope you are having a nice day. Today I have decided to perform an analysis of THETA. Technically, THETA is in a descending wedge in the weekly timeframe, which is USUALLY a bullish sign. The ceiling and floor of the wedge are reliable factors as they have determined the price behavior in a significant fashion in the past. Critical levels are designated in red. One of the major factors that stands out when the chart pops up is the steady volume throughout the last year. The reason why I have chosen MA60 is the fact that the price has been remarkably reactive to it recently. As a trader, I always strive to find the indicators that match the price behavior of an asset. I know MA60 is not a common unit; however, I find it significant due to the reason I just laid out. What I see for THETA is the way up. Not that it is the only possibility, but I think it is highly probable. I always remind myself that nothing is guaranteed, and every decision must follow confirmations. The price may end up below the descending wedge and explore new lower lows, but do I find it likely? TBH, No! However, I have plans set for doomsday as well. You might ask, "Will the price reach a new ATH?" I don't have the answer to that unless I see price behavior near 12. Fundamentally, I find a lot of promise in the project and how it has put itself on the map. Please push the like button if you find the idea of value. If not, I look forward to your helpful comments.
Long
by Djawad_Afsharirad
4
THETA/USDT 4HOUR UPDATE BY CRYPTOSANERSWelcome to this quick THETA/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason of trade:-THATA/USDT bullish signal and buy green zone and ascending triangle pattern retest Entry:- $2.95 $3.20 Target:- $3.83 $4.22 $4.41 $4.65 Stop loss:-$2.66 Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native language Do hit the like button if you like it and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
2
THETA massive contracting falling wedge1W/1D Charts THETA forming a contracting falling wedge bullish pattern and come into a weekly demand zone with high volume as we come into the zone on the bottom. Bullish divergence on daily MACD and converging and showing signs of strength on weekly MACD. Price action on the weekly looks nice on this with impulse moves up and corrective pullbacks into HTF weekly demand zone. Fundamentals are great on this imo, with some solid partners and backing. Ive picked some up at $3 and will DCA more if we pull back deeper into the weekly demand zone.
Long
by marshyyy
1
THETAUSDT is inside a descending channelThe market is creating a descending channel between the daily structures. The market got a rejection from the 0.618 Fibonacci level on the daily timeframe around 4.6$ and the price comes back into the descending channel. It was a false breakout. The demand zone is around 3.40$ How to Approach? IF the price is going to have a breakout from the daily and 4h resistance and turn the resistance into new support (around 5.2$) we can add in our Watchlist and wait to apply our rules, otherwise, if the price is going to grab the liquidity on in the demand zone, we could see spikes before new bullish impulse ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
by InkyGrip
11
Theta bounced well from the support of channelDescending triangle: On a long-term weekly time frame, Theta coin has broken down the support of a descending triangle and als broke down the weekly 100 SMA support. Now it has found a strong price support at $2.25. Down channel: Recently Theta has formed a down channel on a daily time frame and getting bounced form the support of this channel. Now if it breaks out the resistance of this channel then it can re-enter the big triangle back.
Long
by moon333
🌳THETA'S Expected MovementHello every one THETA TOKEN / TETHERUS THETA has Done a Massive Bullish Movements But Has been Reduced a lot Recently as well. If we observe The Chart at Weekly Timeframe, We can Understand That The Price is in a Pretty Big Descending Triangle. The Support zone which is at the Bottom of This Pattern has Done Greatly and Held The Price above 3.4$. There Might be a New Bullish Run Soon because If you observe The MACD you Can Understand That There is a Regular Bullish Divergence (+RD) on It & It Is a Great Sign of a Incoming Bullish Movement.There Is a High Chance For a Break out To Happen But We Shall Wait and See If It Is gonna Happen or not (No Confirmation) The Resistances Are Shown on The Chart So It Is Expected That The Price Would React To It if The Said Break out Happens. The Price will Be able To Reach It's ATH if The Break out happens. 🟡What Is Theta (THETA)? Theta (THETA) is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta main net operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch. Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes. Developers say that the project aims to shake up the video streaming industry in its current form — centralization, poor infrastructure and high costs mean that end users often end up with a poor experience. Content creators likewise earn less revenue due to the barriers between them and end users. 🔴This is only an idea and not a financial advise ( NFA )🔴 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
10