THETA - Triangle Breakout to $1.25
Hello Future Millionaires!
THETA just broke out of a symmetrical triangle and it retesting broken resistance. The measured move for the triangle breakout brings us to around $1.00. The measured move for the flag pole is $1.25, which has confluence with the 1.618 Fibonacci extension. If BTC continues to new all time highs, then I suspect THETA will reach, then surpass the final target!
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Guide to My Charts
-The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
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Entry: 0.67980
Entry Zone: 0.65 - 0.69
T1: 0.715
T2: 0.775
T3: 0.85
T4: 0.91
T5: 1.00
T6: 1.10
T7: 1.25
Stop: 0.57465
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R:R: 5.42
Risk: 15.47%
Reward: 83.88%
Leverage: 2X
Leveraged Risk: 30.8%
Leveraged Reward: 167.76 %
Risk Assessment: MEDIUM-HIGH
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Closure:
Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
THETA just broke out of a symmetrical triangle and it retesting broken resistance. The measured move for the triangle breakout brings us to around $1.00. The measured move for the flag pole is $1.25, which has confluence with the 1.618 Fibonacci extension. If BTC continues to new all time highs, then I suspect THETA will reach, then surpass the final target!
---
Guide to My Charts
-The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
---
Entry: 0.67980
Entry Zone: 0.65 - 0.69
T1: 0.715
T2: 0.775
T3: 0.85
T4: 0.91
T5: 1.00
T6: 1.10
T7: 1.25
Stop: 0.57465
--
R:R: 5.42
Risk: 15.47%
Reward: 83.88%
Leverage: 2X
Leveraged Risk: 30.8%
Leveraged Reward: 167.76 %
Risk Assessment: MEDIUM-HIGH
---
Closure:
Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
Related Ideas
T1: 0.715 - HIT!!! (9.85% Gain)
T2: 0.775 - HIT!!! (28% Gain)
T3: 0.85 - HIT!!! (50.07% Gain)
T4: 0.91 - HIT!!! (67.73% Gain)
T5: 1.00 - HIT!!! (94.20% Gain)
T6: 1.10 - HIT!!! (123.62% Gain)
T7: 1.25 - HIT!!! (167.76% Gain)
Let's get this crypto!
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