THETAUSDT trade ideas
Theta coin forming BAT for upto 10% moveHi dear friends, hope you are well and welcome to the new trade setup of Theta coin with US Dollar pair.
Previously I shared a long-term trade setup for THETA, which is still in play as below:
Now on a 4-hr time frame, THETA is about to complete a bullish BAT move for bullish price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
THETAUSDT: TRADE PLANThis asset just formed head and shoulders on the Daily time frame. If price breaks out of the support of this pattern and the nearby diagonal support, a sell trade can be taken on retest around the marked area(red triangle). If the patterns get invalidated, either in the interim or permanently, a buy trade can be taken when the local resistance marked (green) turned support.
THETAUSDT IdeaTHETAUSDT THETAUSD
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
THETAUSDT wants the breakout soon!THETAUSDT's price chart shows that the pair is currently forming a falling wedge pattern on the demand zone.
This pattern is a bullish signal that suggests the possibility of a price reversal from the current downtrend.
Traders are waiting for a breakout of the falling wedge pattern to confirm the bullish signal. If the price breaks above the upper trendline of the pattern, it would indicate a potential trend reversal and could trigger buying pressure in the market.
After the breakout, the traders are anticipating a retest of the resistance level as a new support level, which would confirm the strength of the new bullish trend. The main resistance level for THETAUSDT is currently at 1.220 USDT, and if the price breaks above this level, it could signal the start of a significant price increase.
According to Plancton's rules, traders may consider entering a new long position once the breakout and retest occur. This means buying THETAUSDT with the expectation that the price will continue to rise.
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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 🦐
THETA is currently in a consolidation phaseTHETA is currently in a consolidation phase and trading within a range. The major support zone is between $1.140 - $1.15, and the significant resistance is $1.300 - $1.310. One can use range trading with proper stop-loss until there is no aggressive move from Bitcoin. Additionally, a triangle pattern formation could lead to a setup, so keeping an eye on a breakout is advisable.
THETA/USDT possible turnover to happenHey, guys ✌️
THETA coin looks interesting to us with a high chance for a turnover as well. Will be watching it closely and once we see a decent movement in candles we might as well hop on that train.
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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.
THETAUSDT ready for the breakout?THETAUSDT has recently broken out of a descending channel pattern and is currently testing the 4-hour resistance level . The descending channel is a technical chart pattern that occurs when the price of an asset is in a downtrend and begins to consolidate within a range, forming a channel with lower highs and lower lows.
The breakout from the descending channel pattern was accompanied by a significant increase in trading volume , which may indicate increased demand for THETAUSDT and positive sentiment among traders.
However, in order for the cryptocurrency to continue its upward trend, it will need to create a breakout from the 4-hour resistance level . According to Plancton's rules for long positions, buying opportunities should be sought after a breakout from resistance, followed by a retest of the level as new support and applying MTB and/or CPS strategies
–––––
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 🦐