THETA Crypto Theta Buy TP = 0.6243On the M30 chart the trend started on October 8 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.6243
But we should not forget about SL = 0.6045
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
THETAUSDT trade ideas
Breakout from Vertical ChannelObservation:
Theta/USDT has broken out of a vertical channel, as indicated on the chart.
Target:
Based on the channel's height, the objective is set at $0.72.
Stop Loss:
A stop loss is advised on a 4-hour candle close below the support level.
Description:
The Theta/USDT pair has showcased a breakout from its vertical channel formation. Using the height of the channel as a projection, we've set our target at $0.72. As always, risk management is paramount; hence, it's recommended to place a stop loss if there's a 4-hour candle close beneath the support. Keep an eye out and trade wisely!
THETA Daily Looking BullishThis is a daily line chart of THETA and looking at the wave trend oscillator we can see as price has been coming down for the past weeks money flow has been rising and the wave trend also pushing up.
Current Trading Plan
3-5% stop loss invalidation area from our current level
Target 1 will be top of our fair value gap approximately 12% higher at .710
Target 2 will be just below our last unbroken local swing high approximately30% higher at .825
I have included a TP 3 if feeling really bullish approximately 70% higher at the POC of this bottom price range at 1.08.
Trade Well......
THETAUSDT accumulation PhaseRetest of $0.58 Weekly Area: The current market situation involves THETAUSDT retesting a critical weekly level around the $0.58 area. Weekly levels are historically significant price points that can exert influence on price movements.
Clear Breakout Target: $0.68: According to the analysis, for a potential long trade, the market needs to establish a decisive breakout above the $0.68 area. A breakout denotes a substantial price move beyond a key resistance level, signaling the potential initiation of a bullish trend.
Plancton's Rules Application: In accordance with Plancton's Rules and in line with the analysis, there is contemplation of a new long position if the price effectively experiences the aforementioned breakout. A long position involves acquiring the asset with the anticipation of its price rising.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
A Deep Dive into the Current Thetausdt Trend Theta has been on a captivating journey, showcasing its volatility and traction in the market. After tapping into the $15.7 region, we've observed a distinct correction, aligning with broader market dynamics.
The Bull area of interest stands out as a pivotal region. This is the realm for potential accumulation. It's a beacon of opportunity, signaling where the majority of bullish momentum might cluster in anticipation of future upticks.
As we tread forward, it's essential to be wary of the immediate resistance on the chart. This resistance, marked clearly, has the potential to act as a barrier, driving the price towards our "drop target zone".
Moreover, eyes should set on the 'Major resistance zone'. This zone isn't just a hurdle but our medium-term target. It's where we envision price challenges and potential breakthroughs in the coming phases. A successful breach of this resistance can ignite a new wave of bullish fervor.
Always pair your insights with robust risk management, and let's ride the waves of Theta's journey together.
Happy trading!!!
Navigating Resistance, Reacting to DowntrendsOver the past month, THETA has consistently decreased in value. We noticed that when the price reached around $0.86, it encountered a strong resistance level, which indicated a point where there was an excess of supply. As expected, the price reacted negatively when it reached this level again. This negative reaction was particularly pronounced during the second instance of encountering this price range, allowing buyers to make a profit.
Adding to this, the price decrease coincided with a general market downturn, leading to a significant drop. This drop was substantial enough to break through the support at the $0.72 range. The price then dropped to the lower boundary of a medium-term channel. Interestingly, it reacted positively when it reached a static support range of $0.60 to $0.57.
To gauge the potential for a shift in the trend, it's advisable to monitor the 4-hour time frame for signs of an upward trend reversal. Presently, the prevailing trend is within a 4-hour range, which could turn bullish if the resistance at the $0.66 range is breached.
THETA/USDT waiting for a re-test! Hey traders 👋
THETA coin is first that caught our attention today with an amazing chance for a bearish scenario to happen here. We see that we had a nice breakdown from trend (blue zone), but after every breakdown or breakout there is also a re-test to last zones which we consider as a small correction!
We are waiting for that correction in order to enter with a good short here!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
THETA 60% pump is incoming MYX:THETA :: short ⏰ period analysis 📌 #scalping
#rajcrypt0 #dyor #crypto
#futuretrade :: 3-4x :: risk high 📌
Buy :: $0.7-0.765 🟡 line
🛑 #SL :: day close below $0.67 ( red box below )
#sell :: $0.88 & $1.064 ( move stop 🚏 lose when target 1 reached )
Share and support 👻
Just short period set-up if this worked need to work on long term set-up 📐
📌
THETA Volume price retest !!!The price is still in the global buy zone 0.852-0.346
Buy level was 0.583
Local buy zone left 0.747-0.423
the buying level was 0.588
The zone of chic purchases 0.696-0.521, unfortunately or fortunately, was also safely left!
Volume price is 0.728
This level is currently being retested!
This is a weekly entry point if taken by the books!!!
Upward Trend Faces Crucial ResistanceOver the past month, THETA has been on an upward trend, with persistent efforts from buyers to sustain this positive momentum. Initially, there was a negative reaction when facing resistance at the $0.77-$0.81 range. However, this resistance level has now transformed into a short-term support level. It's essential to note that there is a more significant and crucial resistance ahead at the current price range is $0.86 level.
Should the short-term upward trend line be breached, it could signal a negative development, leading to a potential decrease in the currency's value and a return to lower support levels. A relevant factor to consider is the Relative Strength Index (RSI) indicator on the chart, which is currently at 53 in the daily timeframe. This indicates that the market is not oversold or overbought but is somewhat balanced.
In case the mentioned support level is broken, the next support range to watch for would be at $0.71. This particular area might hold the potential for a positive reaction and could be a crucial level to monitor for potential market movements.
Theta/usdt Update Thetausdt
I am expecting theta price to face rejection here and retest again the channel support
The next channel support will decide next move of theta
All we have to wait for the next 2 candles for confirmation
Let's see
Note : Do your own research before taking any decision this is just an idea
If you are satisfied with our work kindly support us
Crypto By Ghazi
Bulls Strike in ThetaHello Traders!
Welcome back to another trade with analyst Aadil1000x.
Today we are ready to ride the Bulls but waiting for the correct time so we don't get caught in the Rush.
The market is forming a bullish formation at an important zone after completing the structure we will see a big rise. I am expecting at least +8% rise in this bullish move.
Theta Buy limit @ 0.7810
Stoploss 0.754(-3.46%)
Target 1, 0.825(+5.6%)
Final Target 0.874(+11.91%)
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