Theta coin is forming a descending triangle pattern and a normal triangle. I have mark all trendlines and support and resistance area.
We can buy above 10.585 and project the target for the 15 dollar with the stop loss of 8 dollar.
Thanks
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (6.258).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. THETAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Theta facing so many resistacne above it and has to break all of it in the upcoming months , it will be a hard time for Theta to do it , local resistance is t 7.9-8.5 , I can't see any clear price discovery happened to theta in the short term after the triangle break , Triangle breakout also lacks volume , be careful before taking a trade too soon
as market gonna pump the high Mcap coins so imo THETA should not left behind and will lead to new ATH soon.
Falling wedge already brokeout and retested nicely.
targets are : $25, $60-70
Not financial advice.
I m not posting more charts frequently as I dont like much writing in description and due to change in tradingview policy we need to explain a long.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (6.425).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. THETAUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
Theta aims to decentralize video streaming, data delivery and edge computing ecosystem and is on a mission to make contemporary video streaming more efficient, cost-effective by means of an inclusive monetization model whereby viewers receive better quality streaming service, content creators enhance their earnings and video platforms save money on building...
Hi,
Theta Mainnet 3.0 will Launch in 21 Days (June 31).
Theta is Great Project in Video Streaming Industry. They Aims to view us Best Video Quality in Low cost.
You can Stake your Theta Token in their own Guardian Node and Earn Tfuel token.
Its Good time to buy and hold for long time.
Expect Profit 50% to 100%
Thank you.
$THETA is in accumulation in converging triangle or say Bermuda triangle. If we break out the smaller triangle with volume then there can be a max of 28% pump..
Entry at below 9 and take profit 10.5 1st Target and max to 28% from breakout or say 12$.
As at time of publishing idea the RSI is tending to move downward so wait we can get a lower price, but can buy...
"Wise Men says, Only Fools rush in."
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands...
BINANCE
![THETAUSDT: [Crypto] THETAUSDT Channel Trade](https://s3.tradingview.com/n/Nvj2PyAP_mid.png "[Crypto] THETAUSDT Channel Trade")
