THETHA long setupI suggest considering a potential long position entry with the idea of compression and liquidity collection from all levels above, targeting up to 3.8. At this level, participants with short positions using up to 3x leverage from the current global volume cluster are going to be liquidated.
THETAUSDT trade ideas
THETA/USDT: Important Bullish BreakoutFollowing a period of upward movement, the price experienced a downturn and stabilized around the 2.4 level.
Currently, a descending triangle shape has emerged, with the resistance of the pattern being breached. This development signals the dominance of the buyers, leading me to anticipate further upward movement.
# THETA/USDT# THETA
The price is moving in a downward channel on a 4-hour frame and we have a green support area at the 2.40 level
Now we have a breakout that is about to occur well after bouncing from the green zone
Our RSI indicator has a trend that is about to break to the upside
Entry price is 2.80
First goal 3.06
Second goal 3.40
Third goal 3.80
🛤️🔺 THETA Long Spot Trade Setup! 🔺🛤️
🛤️🔺 THETA Long Spot Trade Setup! 🔺🛤️
📊 Analysis:
Support Area: THETA is currently at a strong support zone, indicating a potential rebound.
Bullish Setup: Favorable setup for a long spot trade.
Upside Potential: Targets set at resistance levels above.
📈 Trade Plan:
Entry: Consider entering in the $2.50 - $2.70 support area.
Take Profit: Aim for profits at $3.00 - $3.30 or higher towards $3.60 - $3.80.
Stop Loss: Place stop loss just below $2.40 to manage risk.
💡 Note: Monitor price action closely for confirmation of the bounce from support and adjust strategy accordingly! Stay attentive to market movements. 🚀📈 #THETA #LongTrade 🛤️🔺
THETA/USDT VRVP & Bullish continuation from demand? 🚀THETA💎 Paradisers, direct your focus to #THETAUSDT as it currently charts a significant course in the market. Positioned within a demand zone at $2.6684, it's gearing up for another attempt to breach a formidable resistance level, hinting at a strong potential for a bullish movement.
💎 Delving into the #THETANETWORK market history, we observe its adherence to a descending channel pattern, culminating in a break and subsequent upward movement. Notably, the vrvp (volume-weighted relative strength) has shown significant momentum. If the price sustains its momentum at the demand level, we anticipate a bullish ride aiming to mitigate above the resistance.
💎 However, seasoned #THETA traders recognize that the path in crypto markets isn't always linear. If the anticipated breakout becomes a close call and deviates from expectations, be prepared to pivot toward a bullish resurgence from the support level of $2.3799. This strategic contingency planning is essential for navigating market fluctuations.
THETAUSDT Ascending triangle 2D chart This is my current chart for THETA right now. Currently, I am using long timeframes here because this is a long term trade for me personally. I believe many of us are involved for the long term as well , not a quick money grab.
Technical Analysis POV:
We have been in a side trend ever since May 15,2022. Pumping hard and crashing hard. Thats what sidetrends are we go up and we go down until we enter a new trend. From the looks of the 2D chart, It looks like we should be attempting a breakout on the "#4?" in the chart. A breakout of the yellow trendline would lead us to a change of the sidetrend into an uptrend. I see low chances of ever reaching 0.7 again or lower, higher chances are we go up right now.
I also see a formation of an ascending triangle on the bottom of the chart, which could support my thesis of "this was the bottom". My target price for the long term right now is $3.81 which is more than 300% increase in price.
Fundamental Analysis POV
Fundamentally, THETA TFUEL has been cooking up A LOT . If you have been in twitter lately, you may know by now what THETA has been up to lately. New partnerships and projects joining THETA's ecosystem as well as more patents for THETAs technology .They just delivered a new roadmap as well and it looks very promising. With the support of ecosystem projects to go live with TNT20 tokens coming up on Q2 any time from April to June price action looks promising.
Overall, Q2 looks like a promising month for THETA TFUEL
THETA-- Trade idea, LONGTERMTheta has recently completed a 1:1 Fibonacci retracement from 0.578(support) to 3.8 (resistance). It's a good indicator that helps teach new investors that this coin is still strong and active. not dead.
After reaching my target area at 3.8 it got rejected strongly so we may see a possible correction inside the 0.578-3.8 range.
If it can break $3.8 THETA can reach $15
📈 THETA Trade Setup 📉📊 Analysis:
Recent Performance: THETA has shown strong momentum as one of the top-performing altcoins in recent weeks.
Support Level: Currently at a support level, providing an opportunity for a long trade.
Laddering Strategy: Utilize laddering to enter the trade gradually within the specified support range.
Profit Targets: Target the next resistance areas between $3.25 - $3.50 and $4.05 - $4.35 for profit-taking.
Risk Management: Implement a stop loss just below $2.45 to manage potential downside risk.
💡 Note: Monitor market conditions and price action closely for any signs of reversal or continuation. Adjust your strategy accordingly based on evolving market dynamics.
Chartology --- Theta ... look at how HVF could have saved you. Just throwing this old chart up
I actually made some successful trades to the down side
post the 2021 Bull market top
But that's not the point ...
Imagine having a price methodology in your toolbox
that could have let you simply walk away and move to the sidelines.
And sit out that massive drawdown and the pain of witnessing your bags go down over 90%
humans are simply not wired for that type of pain.
and the best bit,
being able to pick up Theta all over again under a dollar.
Also note how those previous bear targets are now becoming key pivot and resistance points on the way back up ...
@TheCryptoSniper
🔑THETA: Shorting Chance in Midweek Dip🩸🔍Today, being Thursday, presents a favorable opportunity for opening positions as we analyze THETA to anticipate its trend and future movement.On the 4-hour timeframe, after a prolonged uptrend, THETA has reached resistance at $3.574 and is currently undergoing a correction. Closer examination reveals price consolidation in the second leg of the decline, with a bounce off support at $2.498, indicated by a green candle. It remains to be seen whether this level will hold or further decline will ensue.
📉If $2.498 support is breached, a short position could be initiated, with Fibonacci retracement levels serving as potential targets, as explained below.
💎Regarding indicators, the SMA25 is slightly lagging behind the price, suggesting potential price waiting for it to catch up, while the RSI exhibits divergence with two lows, necessitating patience for confirmation before considering a short position. Confirmation for short positions can be sought if the $37.47 level is breached.
✅The Fibonacci retracement drawn from the daily timeframe represents the higher wave cycle, indicating the current correction of the HWC. Therefore, sudden sharp upward movements in price are always possible.
📊Volume has diminished after reaching the $3.576 resistance, currently exhibiting range-bound behavior without providing clear directional cues.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2