Theta
THETA another try to breakout THETA / USDT
Since the start of downtrend in this token in mid april
Theta tried to Break this trendline resistance multiple times (about 5 times before)
This is the 6th try can it success this time?
I will be bullish only if there is vaild breakout and hold above resistance (never long below resistance)
However if theta lost green area Support it will continue in this downtrend channel for longer time
Best of luck
Theta Cup & Handle patternBullish cup and handle patters are one of my favorite. They incorporate the two most successful patterns your statistically trade in your trading careers.
The premise behind a cup and pattern is the rounded bottom gains the momentum of the move, once the momentum brings the price action back up to the price where the decline of the selling pressure began, the investors who bought “paper hands” sell at break even which pushed the price action down again while smart investors see the potential of the momentum in price action and start loading up their bags. This then creates a bull flag. Once the price action comes to the lip of the cup and breaks past, the price target heads to double the height of the cup from bottom to top.
The best place place to put your stop loss beneath the cups handle.
Keep in mind that the entry point is when the lip of the cup starts to break out!! This is very important! You can also play it safer and wait until the breakout comes back to retest the top of the cup flipping the resistance of the cup into support. This is the safest entry point as you know now that you have a support line. It is smart to move you stop loss to break even once the price action gets about one and a half cup sized up, then you’d place your stop loss at the lip of the cup.
Here are the price targets and stop losses for this setup on theta!
Stop loss: $7.34
Entry:$9.964
Target: $14.95
THETA Breakout??THETA has some big news coming out in the next few weeks. It is at a critical level. A breakout out of this pattern or resistance shown could lead to some big gains. At this current level there have been several sell off wicks showing that THEAT has significant work to do. The stochastics and indicators present the idea that there is significant interest in the project for this to break out. A breakout of this level would lead to a possible test of the $13.70.
Within the daily pattern, a possible BULL flag is presenting itself.
Happy trading.
Ted
THETA - Consolidated (As you asked)THETA has consolidated enough on this price range
Meaning that if we get a little more support we can pass this resistance shown on chart. Also if the price doesn't get any support, it might fall to the lower price range which I've shown on chart.
I'm more positive about the pump because indicators are showing strength and also trading platforms are showing high Buy volume which supports this pump as it should.
Current Market Price: $8.832
Good Luck
Tell me your ideas. Like and Share
THETA FUEL - Rocket Fuel 🚀Theta Fuel is the operational token of the Theta protocol. Users will use Theta Fuel to complete transactions like paying a relay node to provide you with a video stream, or for deploying or interacting with smart contracts. Relay nodes earn Theta Fuel for every video stream they relay to other users on the network.
Both Technically and fundamentally speaking this is a GREAT project (THETA) and just like in Polkadot case (where i invested in Kusama), TFUEL will very likely keep being on fire.
Rocket?
the FXPROFESSOR
THETA and Theta Fuel (TFUEL) soar ahead of June 30 mainnetOne of the new projects we tend to like more and more by the day, THETA is matching strong fundamentals and good technical characteristics at the same time.
Promising New developments , Promising looking chart analysis and a nice branding:
The Theta blockchain is a decentralized infrastructure that seeks to improve video streaming and delivery . A specific purpose, kinda reminds me the success we had earlier with Enjin.
Go THETA!
the FXPROFESSOR
DETAILED LIVE VIDEO- What to Buy on This Dip now?Our detailed video with updated charts on the 10 major cryptocurrencies.
Earlier today you had been warned at a PERFECT TIME about ETHEREUM, just a few minutes before it dipped. Now is time to examine the options of buying something after this dip.
BNB, Litecoin and Ripple seem to be good options but REMEMBER:
You buy the dip, if the price breaks this support levels get out and buy again on next support. If the price goes up, remember to take profits at the next resistance.
Hope it helps guys
One Love,
the FXPROFESSOR