THETAUSDT.P trade ideas
THETA/USDT broke resistancesHello guys
Let's get ready for upcoming week. Well we see here that THETA has been forming Cup & Handle pattern which secure the neckline zone and is currently moving to test upper resistance zones. Well as you understood we see a good chance for a bullish movement here so might be time for some DCA as a spot holdings.
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ThetausdtOver All Moving In Falling WEdge (Bulish PatterN)
On Lower TfS Falling Wedge Has Already Broken Now Im Expecting A Test Of Main Trendline Between 0.88 to 0.92 Area And If Got Cleared Then Expecting Move Towards 1.30 and 1.70
Safe Sl Would Be Below Recent Low Entry Can Be Taken On Lower Tfs Retest
THETA | THETA daily analysis.On the daily time frame, THETA remains volatile within a descending wedge. I added a trendline inside the wedge. THETA is challenging the trendline as resistance. Under the condition that the market continues to recover, the price breakthrough will bring us to the upper boundary.
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THETA will crash 95%+ and provide an EXCELLENT entry SUB $1THETA's goose is about to be cooked in tandem with Bitcoin retracing back to AT LEAST 20K area. Could THETA have one last surge? - yes of course, but with Bitcoin cliff-walking and Ethereum going parabolic it looks like this chapter of the show will be over soon enough. THETA has been a big hitter but what goes up must come down and price is looking corrective. Target for entry is currently sub $1.
THETAUSDT wants the breakout?the price is creating a descending channel on the demand zone on 0.8$
How to approach it?
IF the price is going to have a breakout from the channel and retest the previous resistance as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
THETA UPMOVE COMINGTheta token reached the previous continuation accomulation zone where we expect the bigger players to hold the price.
From a riks-reward standpoint this is a rare and well set up trade.
We do recommend to take multiple profit by smaller parts every potential reversal zone.
Because of the yield inversion in the market the short term interest is favored, so we use trailing stop as well by ATR trailing stop.
THETAUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for THETAUSDT
In this chart we have R3 and R1 as the resistance areas that include the unsuccessful attempts of the price to rise. R2 used to be a support area. And S1 and S2 are our support areas which contain the well support of price since the past. At the moment, we have the fluctuation of price below R1 and we predict the price to continue its rising trend upward and by a rejection and decline to lower amounts, again it experiences another increase to reach R2. Even there is a possibility that the price is not supported at R1 or it will fall below S1 and face more decline in the coming days. It is highly recommended to activate your stop-loss points due the unstable situation of the market.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck