THETAUSDT.P trade ideas
💡 Don't miss the great buy opportunity in Theta TokenTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.74). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Theta Token THETAUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 2.20
TP2= @ 2.51
TP3= @ 2.78
TP4= @ 3.14
TP5= @ 3.60
SL= Break below S2
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theta usdtwe see the price now is on 1.05 and its above the resistance level 0.58$ and it is also above MA 50
we see 2 positive buy signals on ENGINEERINGROBO , so it is a good opportunity to take a position in this trade
THETA/USDT IHS Pattern Formation- Theta/USDT is forming IH&S Pattern on 2-4 HR Timeframe.
- Break of neck line will confirm the pattern.
- Expecting a run of 10-13% after breaking neckline of IH&S Pattern.
- RSI also forming the same pattern.
#Theta
