Theta Token Downtrend Broken (215% Potential Profits)The Theta Token vs Tether pair, THETAUSDT, is also coming out of a major downtrend.
This downtrend started in April 2021.
After a downtrend that has gone for so long...
We can expect the bullish wave that follows to be fast and strong.
Here I am mapping 215% profits but remember, there can always be more.
Namaste.
THETAUSDT trade ideas
Where are the Video NFTs? A Brief History of Decentralized VideoWhile the hype in Web3 right now tend to focus on NFTs of image files, most Web2 platforms are still focused on video and livestreaming content since that's where the demand for content is at the moment. Why aren't people talking more about minting NFTs of videos in a decentralized way? The challenges, possible solution, and a brief history of attempts that came before.
Theta Possible trade & Trend!Theta has anice parabolico rally during period of 12 months, March '020 lows to March '021 highs.
After which entered in corrective bear trend which also lasted till Feb '022, almost 11 months.
Now reversal could be seen on next bull run which expect to lasts for following months possibly going into early next year.
Good project to invest while recommend reading project's white paper for more info.
Wave 5 shown on chart consider as least expectation.
Theta look really good NowBINANCE:THETAUSDT
BINANCE:THETABTC
Theta finally shows an end to the accumulation. For an ATH we need a test at $ 6.5 and taken as a support. RSI is quite high daily, but not worrisome. In parallel, you should also watch Theta / btc, which looks very good at the moment. For ATH we have a target of 1,618 on Fibbonaci.
This is not investment advice
DYOR
THETA#THETA
It is on wave 4 and the floor of the channel is ascending
Due to the sharp movement of wave 3 and the corrective movement of wave 4, the price can be accompanied by growth
At the end of the pattern formed, a positive divergence from the MACD is seen, which could be the beginning of wave 5.
THETA 1W THETA is close at the $3.5 resistance . I would wait for the weekly closing before taking any other decision about the short term ( next couple of weeks ) for this coin .
Additionally I believe that we could see a retracement before making another attempt to break through the resistance at $3.5 . If we successfully break the resistance the other level I will be watching is around $4.5 , above that we could be ranging between $5 and $9 as we previously did from 17 of May 2021 until 29 of November 2021 .
THETA is able to reach 3.8$ now!THETA has Done a Break out Since Last Time we Spoke about It ! It was in a Descending Triangle But The Bullish Break out Has Happened & The Scenario Has been Changed ! Target & Resistance For Now Is 3.8$ Support Sits around 2.4$
Previous Analysis
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THETA short term rally. Hello trading view community, should you like this analysis please support with likes and comments. Thanks
Never risk more than you can afford to lose.
Always DYOR.
THETA has made a strong movement upward, it started its journy on $2.60 and after breaking the trigger line now it is surging toward $3.42, $3.98 & $4.21 resistance zones reapectively
the firat two resiatance level is up for grab and THETA will make them easily, though that last one is a major pivot, so the stattic trend line will be very tough to break up. on the other hand THETA may lose its momentum by there and drop down.
This is a personal idea and I am not a financial adviser.
THETA DECISION TIMEHello everyone,
Theta weekly timeframe is offering a good setup and all biais are showing green as well with BTC pushing higher too!
Over the past week we saw theta developping a higher low on the weekly TF and if we manage to clear that descending trendline we have been rejecting since November 2021, i believe we can see Theta retesting the $6-$7 in the coming weeks/months.
Massive falling wedge on THETATHETA has corrected off its highs for a full 365 days having corrected 85%. Its formed a massive falling wedge on the HTF and come into a weekly demand range with high volume bottom as its come into the zone. Price action contracting and getting squeezed with the last supply zone failing to put in a new low with a new HL being formed. 3D RSI looks reset and above the MA with bullish divergence on the RSI and MACD. MACD on weekly about to to form a bullish crossover as the histogram converges. This looks pretty bullish here and definitely a buy the dip move. I think its going for its high on the next leg up, only a matter of time imo.
During a recovery from the 1-year low, should buy THETA coin?The theta network coin appears to be in recovery stage, just above the 2022 year's lowest trading zone.
Theta coin is watching near the 50-day moving average after maintaining a price above the 20-EMA.
Stoch RSI provides notification of overbought areas in the context of the daily price chart.
Theta coin's daily price chart is trading above the 50-day moving average after the crypto price remained well above the 20-EMA line (white). The bulls need to cross the 50 EMA for further upside.
The Theta Network coin is trading at 0.00007357 satoshis concerning the bitcoin pair, which is up 3.79% in the green zone.
Stoch RSI is looking at the overbought area in the context of the daily price chart. At the time of writing, the values of the K and D lines seem to be above the 85-level.
The Average Directional Index (ADX) is trending lower and the ADX is now at 7-point, suggesting extreme sideways territory for the Theta coin.
Last night's bulls attempted to push the Theta network price higher but failed to close the daily candle above it. Now once again, buyers are aiming to manage the asset price above the 50-EMA. Traders should wait for confirmation above the bullish barrier before making any long positions.
Resistance level- $4.5 and $6