Theta where to buyTheta looks good but we need a real breaking confirmation.
Should wait it breaks 1Day EMA50 around 2600ish.
so should be patient and wait around 2650+ to have a real buying option.
Sell it before 3200 Sats. Strong resistance here.
And don't forget to monitor BTC as always.
Happy Tr4Ding !
THETABTC
Theta LONG -- BIG PUMP coming soon$Theta has leveled off and slowed seller volume around .786 fib level.
We are seeing a potential cup form over the last 4 weeks which gives weight of a strong formation. Current forming a pennant off the bottomed .786 level. If pennant breaks then we could sell at .27 for easy profit. If pennant breaks then look to see bounce around .21.
Could see it test .21 sat (Current risk to reward ratio of 7% : 20% )
Sell order could be put in at .27 which is the 200 day moving average (We've seen Theta work off MAs and could be a potential pattern)
-This would give us the 20% reward
MACD shows us a strong up trend.
I have Theta as a long term hold. If it can come back to ATH of a month ago that's 123% profit long.
Weekly Frame gives us a spinning top close (good sign of reversal)
$THETA IS ON THE VERGE...The entire market seems to be holding it's breath at the moment, so trading is risky. That said, this is the best looking setup to me at the moment. Broke descending resistance, oversold bull div , potential double bottom - needs to break the horizontal black line. And Bitcoin needs to behave.
$THETA Reached a good support level at ~22k sats...$THETA Reached a good support level at ~22k sats... Sitting over EMA200
Volume is still low but it could be a good place to start accumulating after a 50% drop...
If it fails to hodl, ~19k sats seems to be the next level
If it bounce from here targets are on chart
#THETA
THETA/USD - Day Chart - Potential +420%THETA looks like its completed a large degree 1 and a 2 that has retraced 0.618.
from here i'm expecting a wave 3 that will have a minimum length of wave ones 420%, and probably more.
I've also place a conservative target at all time high just in the interest of caution.
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BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
$THETA Showing first signs of correction ending... $THETA Showing first signs of correction ending...
UCTS buy signal on the 6H.
Retrace reached .618 fib level..
Sitting between EMA50/100
RSI Stoch and RSI trying to turn
Volume slightly appearing..
This COULD be current bottom. Be caution about this sentence.
#THETA
THETA-BTC Long Trade PlanCommodity : THETA TOKEN
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point.
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-4 weeks
Investment in trade : 5% of the total Trading Balance.
Prospective Profit : 29% to 98%
Prospective Loss : 17%
RRR : SL to TP1 is 1.7, SL to TP2 is 2.8 , SL to TP3 is 4.1 and SL to TP4 is 5.6
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
THETABTC avoid this position next weekTHETA is a decentralized, blockchain-based video streaming platform, built with the goal of creating and monetizing a bandwidth sharing model. Its token is 37th in terms of market capitalization (USD 160 million), according to coinmarketcap.com.
According to the project, by allowing others to use your bandwidth, you are giving people better streaming quality and a better streaming experience than they may have had otherwise.
With the main net launch which happens on 15th of March, THETA will be progressing from the testing phase into the full decentralized streaming network (DSN) marketplace where it can build upon their e-sports gaming coverage to expand into other content and data delivery areas.
Summing up THETA is a great project according to Fundamental analysis, moreover it is in bullish state according to technical indicators.
Many subscribers ask why don't you give signal on theta, everywhere are news about its main net launch in 15th of March.
Answer is quite simple:
Let's look at the 1-h chart, there we are able to see when the information about main net launch was used 1st time. On 25th of February insiders used it which coincides with volume increase. On 10th March 2nd phase began, data miners and stalkers received confirmations and shared them. Look at the enormous volume increase. Currently we are at the last phase and that is why everywhere there are news about THETA mooning and its main net launch.
Be careful it is hamsters pump you will lose money because after main net launches tomorrow the price will come back to its average or below.
We recommend to wait during this week when every hamster will sell THETA and buy it at the lowest possible price because the project has a great future and will bring a lot of profit in the mid-long term
THETA - ENGULFING BEARISH SIGNS - WILL WE OVERCOME THEM?THETA / BTC TA
We see overall bearish pattern as we approach trend line. If we manage to hold that level, we will see a retest of prior highs which are highlighted as 'TARGET' areas.
If we do not hold trend line, do expect us to drop down towards first support zone, which should hold THETA together for accumulation. If we do not see that, we will drop back to liquidity grab zone for further accumulation.