Theta
THETA / USDTRIGHT NOW Theta in 2H time frame is in this pattern
just keep eye on it for the break out to make it short or long
I do trading based on patterns , My analysis is good for short term do not use it for holding or long term just take the advantage of the market
THIS IS NOT DINANCIAL ADVICE IT'S JUST MY PERSONAL OPINION
DO NOT FORGET TO USE STOP LOSS
GOOD LUCK
Theta Token Downtrend Broken (215% Potential Profits)The Theta Token vs Tether pair, THETAUSDT, is also coming out of a major downtrend.
This downtrend started in April 2021.
After a downtrend that has gone for so long...
We can expect the bullish wave that follows to be fast and strong.
Here I am mapping 215% profits but remember, there can always be more.
Namaste.
THETA#THETA
It is on wave 4 and the floor of the channel is ascending
Due to the sharp movement of wave 3 and the corrective movement of wave 4, the price can be accompanied by growth
At the end of the pattern formed, a positive divergence from the MACD is seen, which could be the beginning of wave 5.
THETA 1W THETA is close at the $3.5 resistance . I would wait for the weekly closing before taking any other decision about the short term ( next couple of weeks ) for this coin .
Additionally I believe that we could see a retracement before making another attempt to break through the resistance at $3.5 . If we successfully break the resistance the other level I will be watching is around $4.5 , above that we could be ranging between $5 and $9 as we previously did from 17 of May 2021 until 29 of November 2021 .
THETA is able to reach 3.8$ now!THETA has Done a Break out Since Last Time we Spoke about It ! It was in a Descending Triangle But The Bullish Break out Has Happened & The Scenario Has been Changed ! Target & Resistance For Now Is 3.8$ Support Sits around 2.4$
Previous Analysis
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THETA DECISION TIMEHello everyone,
Theta weekly timeframe is offering a good setup and all biais are showing green as well with BTC pushing higher too!
Over the past week we saw theta developping a higher low on the weekly TF and if we manage to clear that descending trendline we have been rejecting since November 2021, i believe we can see Theta retesting the $6-$7 in the coming weeks/months.
Massive falling wedge on THETATHETA has corrected off its highs for a full 365 days having corrected 85%. Its formed a massive falling wedge on the HTF and come into a weekly demand range with high volume bottom as its come into the zone. Price action contracting and getting squeezed with the last supply zone failing to put in a new low with a new HL being formed. 3D RSI looks reset and above the MA with bullish divergence on the RSI and MACD. MACD on weekly about to to form a bullish crossover as the histogram converges. This looks pretty bullish here and definitely a buy the dip move. I think its going for its high on the next leg up, only a matter of time imo.
During a recovery from the 1-year low, should buy THETA coin?The theta network coin appears to be in recovery stage, just above the 2022 year's lowest trading zone.
Theta coin is watching near the 50-day moving average after maintaining a price above the 20-EMA.
Stoch RSI provides notification of overbought areas in the context of the daily price chart.
Theta coin's daily price chart is trading above the 50-day moving average after the crypto price remained well above the 20-EMA line (white). The bulls need to cross the 50 EMA for further upside.
The Theta Network coin is trading at 0.00007357 satoshis concerning the bitcoin pair, which is up 3.79% in the green zone.
Stoch RSI is looking at the overbought area in the context of the daily price chart. At the time of writing, the values of the K and D lines seem to be above the 85-level.
The Average Directional Index (ADX) is trending lower and the ADX is now at 7-point, suggesting extreme sideways territory for the Theta coin.
Last night's bulls attempted to push the Theta network price higher but failed to close the daily candle above it. Now once again, buyers are aiming to manage the asset price above the 50-EMA. Traders should wait for confirmation above the bullish barrier before making any long positions.
Resistance level- $4.5 and $6
THETA decision soonTheta is approaching strong resistance from the top median line of the red downtrend Pitchfork as well as the center median line of the counter uptrend Pitchfork.
There's a demand zone marked by green rectangle that'll act as support as long as THETA doesn't get rejected hard by the top median line of the red Pitchfork.
Once it does break through, there's a supply zone above that'll likely trigger a pull back ideally to the re-test the top median line of the red Pitchfork before moving up.
THETA - StrengtheningAt the end of a positive week in THETA we see it break through to the upside of the Triangle formation that has dominated THETA for almost 12 months. It is now the 3rd day above the upper line of past-resistance and the longer it holds above that line, the better the bulls will like it. Volume is low at the moment though, so early days.
Theta Will Bounce SoonTheta Network is a solid one, with good fundamentals.
Metaverse, NFT's, Streaming, DeFI incoming, etc.
For now it's down 80% from ATH of last year. It's possible to have a rebound till 6$ minimum if btc settles in this area for a while.
Starting to accumulate at 3$ and below, till 2$.