THETAUSDT trade ideas
#THETA/USDT ANALYSIS T: F - DAILY#THETA has been trading below the $8 mark since October 2021 and dropped to $0.553, post that buyers tried to push the price higher but faced strong resistance at $3.771 from the trendline resistance.
Thereafter the price continued the dump before getting support near $0.950.
Currently, #THETA is trading at $1.336 and the price action can face a very stiff challenge from $1.524 if this Resistance is broken the price may further continue towards reclaiming its March 24 level of $3.796.
On the flip side if the price could not break up above the immediate resistance at $1.524 then #THETA/ USDT may continue the downslide to its lows before getting any Support.
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Theta Token (THETA) Analysis
Theta Token (THETA) has been recovering after a substantial decline, where the price fell from the $3.820 level down to a low of $0.886. THETA is trading for approximately 168 days under the trendline. Currently in a bearish trend.
Recently THETA has been rejected from the trendline and resistance level at $1.417.If THETA can break above this trendline and the $1.417 resistance, it could target higher resistance zones, including the purple zone at$1.645 - $1.720 and $1.915, followed by the major resistance in pink at $2.480- $2.559. Breaking through these levels would indicate a potential bullish reversal, with the price aiming for the upper blue resistance zone at $3.133 - $3.276.
However, if THETA fails to break above the current resistance, a downside movement toward the lower support zones is possible. The first support to watch is the green zone at $1.203 - $1.256, followed by a more substantial support level at $1.034 - $1.059 in the red zone. Failure to hold these support levels could lead to a further decline towards the next resistance zone in yellow at $0.886 - $0.933.
THETA is at a crucial juncture, with the potential for further downside if it fails to break key resistance levels. Traders should monitor for a break above $1.417 and the trendline for a potential bullish continuation or a rejection that could lead to a retest of the lower support levels.
Everything is on the chart
Theta Token | Altcoins Market DynamicsWhile some altcoins will go ahead and start their bull-market now, meaning that they won't comeback to hit new lows until after 2025; some other altcoins are only producing a short-term bullish move. Let me explain.
Some pairs are trading really high up, these are just a few and mainly the big projects. They are trading at the same price at which they traded around March 2024. These are set to crash, the correction is not over for them.
Others are trading at "baseline." The price at which they traded at in January 2024. While this is a strong support, it still isn't low enough for the start of a major, full-blown bullish phase. These are medium sized projects based on their capitalization. Theta Token is an example of those.
Then there are those small cap., less known projects hitting all-time lows. This are good long-term.
THETAUSDT can produce a strong wave here but be cautious that it can drop just as strongly in 1-2 months. They can rise, just to comeback down to produce one final major low before maximum growth.
The size of this bullish wave can vary, but this is a fair warning if you are looking at the altcoins market to get in and get out before the major bull-market.
I am sharing charts from all these sections of the market, the big, the medium sized and the small cap. ones.
I hope you find this information useful.
This is a bullish pair.
Namaste.
THETA — Another One To Run Soon?When I did my last THETA review a couple of weeks ago, I was quite bearish on it.
Things can change quickly. Here are the facts:
• THETA's chart looks similar to other tokens that pumped massively (e.g. FTM)
• It found a local bottom slightly below the consolidation zone.
• The token is trying to break out of a long-term downtrend (since March).
• At the same time, THETA breaks above its consolidation zone.
What to expect?
A close above the 1.26-1.27 level could initiate a rally toward $1.85. In March, it took THETA only 3 days after its breakout to go from 1.26 to 1.85.
My approach:
• Wait for a close above the level on the daily chart.
• Enter a trade with a tight stop loss at 1.20.
• First take profit at 1.50
• Second take profit at 1.84
Theta Cup and Handle!!!Theta Cup and handle has formed. After a very strong wave 1, price has retraced 88% to the top of the Accumulation channel forming a Cup and Handle. Cup and handle formation has a 95% probability of bullish momentum. Target for this swing trade is 19 usd at the final 1.618 extention of wave 3. Theta is currently breaking out of a falling wedge that can be seen on a linear scale chart.
#THETAUSDT#THETAUSDT
MYX:THETA
Going exactly as expected, price broke the support level at $1.6542, and tested it as a resistance and currently dipping further, expecting this dip to push down to the support level at $0.5694
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THETAUSDT - Great Long Term Buying LevelsBINANCE:THETAUSDT is has retraced in a bullish trend on weekly timeframe. I am expecting the bullish trend to continue and for price to find support to continue the bullish momentum! I am buying at current price with stop loss below major lows on weekly timeframe.
NYAN/USDT NEW INCREASE VOLUMENYAN/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets.
The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time.
90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.
We are in a main market where panic is active.
When this coin can confirm we will follow it further for trend follow.
This update and all our updates are not trading advice, Trading can always be risky.
Let's hope the best trades for everyone❤️
THETA/USDT is going to increase even more!THETA TOKEN / TETHERUS
As you can see THETA/USDT is in a Falling Wedge but the break out has not happened yet but there are bullish divergences on both MACD and RSI indicators that shows us the expected bullish movement is more likely to happen but as you can see the MACD line is under the signal Line of MACD indicator so we can expect a little bit of correction before the bullish movement happens. the expected bullish movement is as much as the 2.3$!!
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Target 2.5Following daily chart, got a long signal from my indicator.
Expecting a breakout here.
TP1 1.63 - which I'll follow and close my position. ( around 8% gain)
TP2 2.1 - which is cup & handle target
TP3 2.5 - which is falling edge break target.
I am not sure for TP2 and TP3 because my strategy is mostly based on correction and for TP2 and TP3, we need to breakout 2 EMA's on the chart, which is sometimes hard. If it break, you can follow TP2 and TP3.
I'll close under 1.37 but following indicator to stop.
What are your thoughts?
THETA: Rejected Again — Break Out Will Lead To 20% GainsTHETA trades in a long-term downtrend that was initiated in March 2024. Since then, the token has made several attempts to break out but has been rejected every time.
In the last ten days, THETA has made four unsuccessful attempts (on the 4H chart). Currently, THETA is back at its support level of 1.47. A bounce from here would directly lead to another breakout attempt. Conversely, a dip would lead to a level of 1.36.
In case of a breakout, THETA should be good to run 20% to 1.85. A break of this level would immediately bring $2 to the table.
However, if THETA breaks out, it is essential to wait for confirmation on a higher timeframe or—even better—for a re-test of the level. It would be surprising to see a breakout of such a long-term trend without a re-test.