#THETAUSDT#THETAUSDT
MYX:THETA
Going exactly as expected, price broke the support level at $1.6542, and tested it as a resistance and currently dipping further, expecting this dip to push down to the support level at $0.5694
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THETAUSDT trade ideas
THETAUSDT - Great Long Term Buying LevelsBINANCE:THETAUSDT is has retraced in a bullish trend on weekly timeframe. I am expecting the bullish trend to continue and for price to find support to continue the bullish momentum! I am buying at current price with stop loss below major lows on weekly timeframe.
NYAN/USDT NEW INCREASE VOLUMENYAN/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets.
The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time.
90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.
We are in a main market where panic is active.
When this coin can confirm we will follow it further for trend follow.
This update and all our updates are not trading advice, Trading can always be risky.
Let's hope the best trades for everyone❤️
THETA/USDT is going to increase even more!THETA TOKEN / TETHERUS
As you can see THETA/USDT is in a Falling Wedge but the break out has not happened yet but there are bullish divergences on both MACD and RSI indicators that shows us the expected bullish movement is more likely to happen but as you can see the MACD line is under the signal Line of MACD indicator so we can expect a little bit of correction before the bullish movement happens. the expected bullish movement is as much as the 2.3$!!
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Detailed THETA Technical Analysis : Identifying Key Breakout andThe price of THETA is currently trading at $1.525. After rejection from the trend line and resistance level at $2.502 the falls at monthly support zone (Green) at $1.338 - $1.434 and now trying to bounce from here. The price is trading under the trend line (Red) for approximately 102 days. The chart shows a bearish trend, as the price under EMA 200 (Black) is also showing a bearish trend.
Key Zones and Levels
1. Upper Weekly Zone (Blue): $3.820 - $4.065
This area represents a significant resistance level. Historical price action shows this zone has been tested but not breached, indicating strong selling pressure around these levels.
2. Middle Weekly Zone(Yellow): $1.705 - $1.918
A crucial resistance zone that aligns with a descending trend line. This area has seen multiple tests but has failed to hold as support, highlighting its importance in the current bearish trend.
3. Monthly Support Zone(Green): $1.338 - $1.918
Currently acting as a support level, this zone has recently seen a price bounce, indicating strong buying interest. Holding above this level is key for any bullish momentum.
4. Lower Weekly Zone(Pink): $0.860 - $0.956
This is a major support zone that has been tested multiple times previously, as a potential lower boundary if the price continues its downward trend.
5. Descending Trend Line (Red)
The chart clearly illustrates a descending trend line from mid-April to the current date. This line shows the market's bearish sentiment as THETA consistently makes lower highs.
6. 2 Resistance Levels $3.106 and $2.502
These 2 resistance levels acted very strongly as the price was rejected multiple times from these levels.
7. Support Level $1.142
Historically this level was tested multiple times and acted as a strong support and resistance level.
Price Action
Current Price: $1.525
The price is trading just above the monthly support zone ($1.434 to $1.338). A recent bounce from this zone suggests some bullish sentiment at this level.
Volume: 1.179M
An increase in volume can indicate a potential reversal or continuation of the current trend. Monitoring volume alongside price action can provide more insights.
Potential Scenarios
There are 2 scenarios
Bullish Scenario:
If THETA flips the weekly zone (Yellow) at $1.705 to $1.918 and breaks the descending trend line we could see a massive price pump.
Sustained bullish momentum could push the price towards the upper weekly zone (Blue) at $3.820 to $4.065.
Bearish Scenario:
Failing to maintain above the monthly support zone(Yellow) could see the price drop to $1.142.
A further breakdown may lead to testing the lower weekly zone (Pink) at $0.860 to $0.956.
Technical Indicators
Based on technical indicators on a daily time frame
The relative Strength Index (RSI) value is at 32.918 (Neutral)
Momentum is at -0.289 signaling a (Buy)
MACD Level (12, 26) is at -0.183 signaling (Sell)
Exponential Moving Average (50): 1.992 (Sell)
Exponential Moving Average (100): 2.050 (Sell)
Simple Moving Average (100): 2.322 (Sell)
Exponential Moving Average (200): 1.860 (Sell)
Ichimoku Base Line (9, 26, 52, 26): 1.869 (Neutral)
Volume Weighted Moving Average (20): 1.798 (Sell)
Hull Moving Average (9): 1.432 (Buyl)
Interpretation
Theta Token (THETA/USDT) is currently experiencing strong bearish momentum. While some oscillators suggest potential oversold conditions, the overall sentiment remains bearish with strong sell signals from moving averages. Traders should remain cautious and look for confirmation of trend reversals before making significant buy decisions.
Conclusion
Theta Token is at a pivotal point. The market is showing signs of potential reversal, but maintaining current support levels is crucial. Traders should watch for breakouts above the descending trend line and increased volume to confirm any bullish momentum
Target 2.5Following daily chart, got a long signal from my indicator.
Expecting a breakout here.
TP1 1.63 - which I'll follow and close my position. ( around 8% gain)
TP2 2.1 - which is cup & handle target
TP3 2.5 - which is falling edge break target.
I am not sure for TP2 and TP3 because my strategy is mostly based on correction and for TP2 and TP3, we need to breakout 2 EMA's on the chart, which is sometimes hard. If it break, you can follow TP2 and TP3.
I'll close under 1.37 but following indicator to stop.
What are your thoughts?
THETA: Rejected Again — Break Out Will Lead To 20% GainsTHETA trades in a long-term downtrend that was initiated in March 2024. Since then, the token has made several attempts to break out but has been rejected every time.
In the last ten days, THETA has made four unsuccessful attempts (on the 4H chart). Currently, THETA is back at its support level of 1.47. A bounce from here would directly lead to another breakout attempt. Conversely, a dip would lead to a level of 1.36.
In case of a breakout, THETA should be good to run 20% to 1.85. A break of this level would immediately bring $2 to the table.
However, if THETA breaks out, it is essential to wait for confirmation on a higher timeframe or—even better—for a re-test of the level. It would be surprising to see a breakout of such a long-term trend without a re-test.
THETA — Trying To Break Out Of Long-Term Downtrend!Today, Theta is up more than 6% and is about to challenge its long-term downtrend resistance again. A break and confirmation opens the space for a 20% run.
Since Thursday last week, Theta has been up almost 15% and trades right below the major downtrend resistance. This downtrend has been valid for five months and represents a major hurdle.
Since April, Theta has made several attempts but has been rejected every time. A break above this level signals a strong bullish momentum. Once confirmed on a higher timeframe, Theta can quickly rally 20% toward its next resistance between 1.85 - 1.9.
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Buy and hold thanks me later $THETA Buy and hold thanks me later MYX:THETA also futre trader can trade but swing and mange ur risk
Trading during the accumulation phase in the Wyckoff method involves identifying potential accumulation zones and entering positions based on signs of accumulation by smart money. Here's a basic guide on how to trade during this phase:
1. **Understand Accumulation Phase**: In the Wyckoff method, accumulation is the phase where smart money (large institutional investors) starts accumulating shares while prices are low. This phase typically occurs after a prolonged downtrend.
2. **Identify Accumulation Zones**: Look for areas on the price chart where the price is range-bound or shows signs of consolidation after a downtrend. These zones often exhibit decreased volatility and relatively low trading volumes.
3. **Analyze Volume**: Pay close attention to volume patterns within the accumulation zone. Look for decreasing volume during the downward move and increasing volume as the price starts to stabilize or move sideways. This suggests that smart money is accumulating shares.
4. **Study Price Action**: Analyze price action within the accumulation zone. Look for signs of absorption where the price remains stable despite selling pressure. Higher lows and lower highs can indicate that buying pressure is building up.
5. **Confirm with Indicators**: Use technical indicators like moving averages, relative strength index (RSI), or accumulation/distribution indicators to confirm the strength of accumulation. These indicators can provide additional insight into the underlying buying pressure.
6. **Wait for Confirmation**: Wait for confirmation before entering a trade. Look for a breakout above the accumulation zone accompanied by a surge in volume. This confirms that the accumulation phase is ending and an uptrend may begin.
7. **Set Stop Losses**: Place stop-loss orders below the accumulation zone to manage risk. If the price breaks below the accumulation zone, it could indicate a false breakout or a continuation of the downtrend.
8. **Monitor the Trade**: Once you enter a trade, monitor it closely for signs of continued accumulation or distribution. Adjust your position or take profits accordingly based on changing market conditions.
9. **Consider Multiple Timeframes**: Analyze multiple timeframes to get a clearer picture of the overall market trend and the strength of accumulation. Higher timeframes can help confirm the validity of accumulation patterns observed on shorter timeframes.
10. **Practice Patience and Discipline**: Trading during the accumulation phase requires patience and discipline. It's essential to wait for clear signals and confirmation before entering a trade, and to stick to your trading plan once you're in a position.
Remember that trading involves risks, and it's important to conduct thorough research and practice risk management to improve your chances of success. Additionally, studying historical Wyckoff accumulation patterns and observing real-time market behavior can help refine your trading skills over time.
THETA - Set for a +50% Rocket Ride?We’ve had an interesting move with a retracement to the Fibonacci 0.618 level and it looks like a head and shoulders pattern is forming.
Fibonacci Retracement: The price has retraced from the entire wave down to the 0.618 Fibonacci level.
Head and Shoulders Pattern: A head and shoulders pattern seems to be forming, which could lead to a significant price movement if it plays out.
Long Trade Setup:
Entry Points:
Immediate Entry: Consider entering a long position now at the current price level.
Confirmed Entry: Alternatively, wait for a break above the right shoulder and confirm with volume before entering a long trade.
Potential Gain:
Target: If the head and shoulders pattern plays out, we could see a +50% move towards the 0.618 Fibonacci level again.
Volume Monitoring:
Confirmation: Watch the volume closely to confirm a real breakout before making the trade.
Ready to catch the Theta wave? Let’s see if we can ride this setup to some serious gains!
THETA/USDT Technical Analysis in a Weekly TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
The weekly chart for THETA/USDT showcases the continuation of a downtrend, with a significant support level at $1 and a lower support at $0.576.
The current price is facing the 50 EMA resistance, and the action indicates that THETA will test the support trendline and then rebound.
THETA must break above the resistance trendline at $2.5 to continue a higher rally targeting the all-time high level.
Key Observations:
- Primary Support: $1.
- Lower Support: $0.576.
- Primary Resistance: 50 EMA ($1.612).
- Higher Resistance: $2.5.
DYOR, NFA.
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THETA — Volume Needed To Tackle Upcoming Resistances (And PropelFind out everything about THETA's latest performance, possible trade setups, and crucial levels to watch!
Like many other tokens, THETA found its local bottom between $1.20 and $1.25 and bounced nicely from it.
However, despite the recent positive performance, I don't consider THETA an asset to trade yet. Here are three things that have to happen before an entry makes sense.
Continuing Downtrend
THETA is still trapped in its downtrend that started in March 2024. All attempts to break out have been unsuccessful so far. Just yesterday, THETA made a fresh attempt that was rejected immediately. As long as THETA trades below this trendline, I don't consider a long entry.
EMA200 As Additional Resistance
At the same time, THETA trades below the EMA200. If you follow my content, you already know I consider this indicator crucial. It can be overruled by bullish momentum, but I don't see this in terms of THETA yet.
Resistance Zone At $1.80 - $1.85
Once THETA breaks out of the downtrend and jumps above the EMA200, it faces a significant resistance zone immediately before it gets some room to breathe.
Technical Indicators
THETA shows a mixed bag of technical indicators. However, since many momentum indicators show oversold signals due to the recent price increase, one can doubt that the abovementioned resistance will be immediately smashed.
Trade Signals
On higher timeframes, THETA has no valid trade signals (neither bullish nor bearish). On lower timeframes (4H, 1H), THETA printed some bearish signals. However, I wouldn't overestimate these signals.
What-If!
Given that THETA manages to 1) break out of the downtrend, 2) jumps above the EMA200, and 3) smashes the resistance (optimally second by some bullish trade signals) I will consider a long trade.
Since the next more significant resistance sits at $2.50, the trade's first profit target would have a potential of 30%.
The Challenge
As promising and intriguing as the above What-If scenario sounds, I see one major hurdle: volume. THETA's trade volume has been constantly decreasing since the spike in March. Even during times when the market saw considerable pumps, THETA's volume remained at a low level. In order to tackle the above resistances, THETA requires a volume push more than anything else.
BINANCE:THETAUSDT
THETA/USDT - JUNE 2024The market correction presents an opportunity as panic selling begins. We've been patiently waiting for the right moment to buy, and now it's here! If you saw my last chart on THETA, you know we successfully closed with around a 140% profit earlier this year. THETA is back on my watchlist, returning to the breakout level of our last trade. It looks like the perfect time to prepare for the next big move.
This is a mid-term trade, focused solely on the SPOT market. While there may be some volatility, I believe holding altcoins in SPOT is relatively safe. Many will miss out on these opportunities as they get liquidated on their leverage trades. Let's seize the chance while we can!
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It's crucial to manage your funds wisely. If the market loses the main support area mostly on weekly chart, be prepared to exit your positions. However, stay alert for potential shakeouts—temporary drops that regain support—providing opportunities to re-enter the market.
Remember, the strategy for taking profit isn't about hitting an exact number. Instead, we focus on areas of possible resistance. As we approach these areas, we move our stop-loss orders higher, allowing us to follow the price action toward higher targets. This method helps secure profits as the rally progresses.
Always have a plan for both entry and exit points. By adhering to these strategies, we aim to optimize our trading outcomes and secure massive profits.
Successful trading involves understanding the rules and executing them with discipline. Stay focused, manage your risks, and be ready to capitalize on market opportunities.
Happy trading!
Is THETA Gearing Up for a Major Breakout or Further Downfall? Yello, Paradisers! Have you been keeping an eye on #THETA? The asset is reaching toward a crucial moment and can be a golden opportunity:
💎#ThetaNetwork has been trading within a descending channel on a daily timeframe, consistently respecting the trendlines. We anticipate a significant breakout due to the recent push #THETA received from a successful retest of the channel's lower support.
💎A potential retest of the Bullish Order Block (OB) at $1.34 could be pivotal if the price is rejected by the upper trendline of the channel. This area is packed with liquidity and could propel MYX:THETA towards a breakout.
💎If #THETA can break above the descending resistance, supported by the liquidity at $1.34, we could witness a strong bullish move. This breakout would signal a potential trend reversal and align with our bullish outlook.
💎Should the current resistance hold, we might see a retest of the support level at $1.14. This could provide the necessary rally for a breakout. Watch for signs of strong buying interest at this level as an indicator of a potential upward move.
💎If both support levels fail, #ThetaNetwork could face increased bearish pressure, leading to further declines. In this scenario, monitoring lower support zones becomes crucial to gauge the extent of the downward move.
Stay disciplined, Paradisers, and watch these key levels for a profitable trading journey.
MyCryptoParadise
iFeel the success🌴
Thetausdt trading opportunityThe THETAUSDT trading pair is demonstrating a 'Round Bottom' corrective formation following the completion of a five-wave decline, as per Elliott Wave Theory.
Anticipation for a continued uptrend is warranted, and attention should be directed towards the buy back zone as a potential entry point for long positions. The profit-taking levels have been specified on the provided chart.
The price has shown a notable reaction to the proximate internal demand zone, which currently serves as a robust support level.
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THETA: Falling WedgeTrade setup : Price is in a downtrend, trading below 200-day moving average (~$1.87). However, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for a breakout, above $1.80 level and 200-day MA to resume an Uptrend, with +40% upside potential to $2.50.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.95. Nearest Resistance Zone is $1.90, then $2.50.
