THETAUSDT trade ideas
Theta(THETA): About To Break Supportive Zone!!Theta Coin is forming a nice triangle formation where the price is pushing towards the lower support zone (no volume yet from bulls).
If all plays are nice, we should see good downward momentum here!
Swallow Team
SELL THETAUSDTThetaUsdt making a series of LHs and LLs also show a downtrend in RSI at 1h timeframe.
🛤️🔺 THETA Long Spot Trade Setup! 🔺🛤️
🛤️🔺 THETA Long Spot Trade Setup! 🔺🛤️
📊 Analysis:
Support Area: THETA is currently at a strong support zone, indicating a potential rebound.
Bullish Setup: Favorable setup for a long spot trade.
Upside Potential: Targets set at resistance levels above.
📈 Trade Plan:
Entry: Consider entering in the $2.50 - $2.70 support area.
Take Profit: Aim for profits at $3.00 - $3.30 or higher towards $3.60 - $3.80.
Stop Loss: Place stop loss just below $2.40 to manage risk.
💡 Note: Monitor price action closely for confirmation of the bounce from support and adjust strategy accordingly! Stay attentive to market movements. 🚀📈 #THETA #LongTrade 🛤️🔺
THETA inteligentassetBullish scenario
Resistances 3.1 upper limit bull flag, 3.47, 4.36, 4.9 bull flag target
Bearish scenario
Supports 2.6, 2.45 in 50 ema, 2.169, 1.84 lower limit bull flag
Buy ThetaThe falling wedge pattern has been broken, along with a series of lower highs and lower lows. The formation of a higher high is a positive sign for buyers. On the upside, buyers can target resistance levels at 3.24 and 3.35.
THETAUSDT SHORT OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
THETA/USDT VRVP & Bullish continuation from demand? 🚀THETA💎 Paradisers, direct your focus to #THETAUSDT as it currently charts a significant course in the market. Positioned within a demand zone at $2.6684, it's gearing up for another attempt to breach a formidable resistance level, hinting at a strong potential for a bullish movement.
💎 Delving into the #THETANETWORK market history, we observe its adherence to a descending channel pattern, culminating in a break and subsequent upward movement. Notably, the vrvp (volume-weighted relative strength) has shown significant momentum. If the price sustains its momentum at the demand level, we anticipate a bullish ride aiming to mitigate above the resistance.
💎 However, seasoned #THETA traders recognize that the path in crypto markets isn't always linear. If the anticipated breakout becomes a close call and deviates from expectations, be prepared to pivot toward a bullish resurgence from the support level of $2.3799. This strategic contingency planning is essential for navigating market fluctuations.
Theta 1D Hello friends
You can see the theta chart in the daily time frame, it is in an upward trend, which is close to the important and stubborn resistance of 2.29
THETAUSDT Ascending triangle 2D chart This is my current chart for THETA right now. Currently, I am using long timeframes here because this is a long term trade for me personally. I believe many of us are involved for the long term as well , not a quick money grab.
Technical Analysis POV:
We have been in a side trend ever since May 15,2022. Pumping hard and crashing hard. Thats what sidetrends are we go up and we go down until we enter a new trend. From the looks of the 2D chart, It looks like we should be attempting a breakout on the "#4?" in the chart. A breakout of the yellow trendline would lead us to a change of the sidetrend into an uptrend. I see low chances of ever reaching 0.7 again or lower, higher chances are we go up right now.
I also see a formation of an ascending triangle on the bottom of the chart, which could support my thesis of "this was the bottom". My target price for the long term right now is $3.81 which is more than 300% increase in price.
Fundamental Analysis POV
Fundamentally, THETA TFUEL has been cooking up A LOT . If you have been in twitter lately, you may know by now what THETA has been up to lately. New partnerships and projects joining THETA's ecosystem as well as more patents for THETAs technology .They just delivered a new roadmap as well and it looks very promising. With the support of ecosystem projects to go live with TNT20 tokens coming up on Q2 any time from April to June price action looks promising.
Overall, Q2 looks like a promising month for THETA TFUEL
THETA-- Trade idea, LONGTERMTheta has recently completed a 1:1 Fibonacci retracement from 0.578(support) to 3.8 (resistance). It's a good indicator that helps teach new investors that this coin is still strong and active. not dead.
After reaching my target area at 3.8 it got rejected strongly so we may see a possible correction inside the 0.578-3.8 range.
If it can break $3.8 THETA can reach $15
#THETA/USDT
#THETA
The price has been moving in a downward channel since July
This descending channel was broken and the trend is now retested
Moving average 100 was also broken higher
Current price 1.012
The first goal is 1.368
The second goal is 1.63
📈 THETA Trade Setup 📉📊 Analysis:
Recent Performance: THETA has shown strong momentum as one of the top-performing altcoins in recent weeks.
Support Level: Currently at a support level, providing an opportunity for a long trade.
Laddering Strategy: Utilize laddering to enter the trade gradually within the specified support range.
Profit Targets: Target the next resistance areas between $3.25 - $3.50 and $4.05 - $4.35 for profit-taking.
Risk Management: Implement a stop loss just below $2.45 to manage potential downside risk.
💡 Note: Monitor market conditions and price action closely for any signs of reversal or continuation. Adjust your strategy accordingly based on evolving market dynamics.
Chartology --- Theta ... look at how HVF could have saved you. Just throwing this old chart up
I actually made some successful trades to the down side
post the 2021 Bull market top
But that's not the point ...
Imagine having a price methodology in your toolbox
that could have let you simply walk away and move to the sidelines.
And sit out that massive drawdown and the pain of witnessing your bags go down over 90%
humans are simply not wired for that type of pain.
and the best bit,
being able to pick up Theta all over again under a dollar.
Also note how those previous bear targets are now becoming key pivot and resistance points on the way back up ...
@TheCryptoSniper
🔑THETA: Shorting Chance in Midweek Dip🩸🔍Today, being Thursday, presents a favorable opportunity for opening positions as we analyze THETA to anticipate its trend and future movement.On the 4-hour timeframe, after a prolonged uptrend, THETA has reached resistance at $3.574 and is currently undergoing a correction. Closer examination reveals price consolidation in the second leg of the decline, with a bounce off support at $2.498, indicated by a green candle. It remains to be seen whether this level will hold or further decline will ensue.
📉If $2.498 support is breached, a short position could be initiated, with Fibonacci retracement levels serving as potential targets, as explained below.
💎Regarding indicators, the SMA25 is slightly lagging behind the price, suggesting potential price waiting for it to catch up, while the RSI exhibits divergence with two lows, necessitating patience for confirmation before considering a short position. Confirmation for short positions can be sought if the $37.47 level is breached.
✅The Fibonacci retracement drawn from the daily timeframe represents the higher wave cycle, indicating the current correction of the HWC. Therefore, sudden sharp upward movements in price are always possible.
📊Volume has diminished after reaching the $3.576 resistance, currently exhibiting range-bound behavior without providing clear directional cues.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Theta LongI think we have a good entry price, becasue:
-Rsi divergence
-Bearish trend break
-Strong level
THETA Bearish retracement ?The price of Theta is currently hovering around a support level on a higher time frame. I have a long position.
⚡ THETA Trade Setup ⚡📊 Analysis:
Market Observation: THETA has shown strong performance and is currently consolidating.
Current Situation: Theta is trading within the $2.60 - $2.80 support range, with potential for a lower entry near $2.15 - $2.35.
Strategy: Consider entering the trade at the lower support range for a potentially better entry opportunity.
Entry Point: Look for an entry between $2.15 and $2.35.
Take Profit: Target profit levels at around $3.25 - $3.50 or $4.05 - $4.35.
Stop Loss: Set a stop loss just below the support level, below $1.90, to manage risk.
🌐 Note: Monitor the price action closely for signs of support holding and potential upward momentum before entering the trade. Adjust the strategy based on market movements and consider factors such as volume and overall market sentiment.
Theta - Depin Token - Bullish OverallTheta is in downward trend in 1hr and 4 hr and making LL and LH and it can re retraced to 2.24 USD.
Overall its a good coin and bullish on a longer time frame because theta managed to Break LL structure for short term and did a recovery. I am expecting that it will bounce back when BTC is stable in price range.
Few Entry positions to grab in BTC retracement's to 59k level these are the entry points
Entry Levels based on 1hr and 4 hours:
Entry Point 1: 2.5 USD
Entry Point 2: 2.25 USD
TP1: 2.837
Tp2: 3.13
Tp3: 3.3
Theta/USDTMy Simple Analysis for Theta Network
chart looks interesting
DYOR & NFA
Make Sure To make ur stop lost
Targets in chart
Good Luck everyone
