Theta Token : A 100% and more Possible Profits Scenario Theta Token was in a downward bearish pattern for some time now since mid March and it seems its on its ground level to start a rebound bull pattern. A falling wedge pattern already created and Theta is trying to bounce and break out from the falling wedge resistance line at around 1600 sats. If it close specially in the 1D chart it will be a good profiting trade. We need a close above the falling wedge in both scenario's anyways.
RSI : In a very good position at around 50 for accumulation.
-Both EMA(50) and EMA(89) are still above the price and we need to see both indicators below the price for confirmed trading move.
Accumulation Zone : 1550 sats - 1650 sats
Distribution Zones :
Short Term Targets
Target 1 : 1730 sats
Target 2 : 1825 sats
Target 3 : 1910 sats
Target 4 : 2100 sats
Mid to Long Term Targets
Target 1 : 2368 sats
Target 2 : 2909 sats
Target 3 : 3346 sats
Target 4 : 3783 sats
Target 5 : 4406 sats
Target 6 : 5199 sats
Stop Loss : 1365 sats
THETABTC trade ideas
THETA break out soonTHETABTC found support on 200MA + THETA cycle finished with nice doji candle on 25.04
Also this CAN be a V pattern on the chart.
Using Elliot Wave we could enter a 3rd wave witch is usually the most powerfull wave
RSI held support on 30
Stochastic crossed up (may consilidate little bit before breaking up higher)
HUGE amount of buy orders on binance.
Theta can do what ENJ did sometime ago.
Targets can be 7500, 11k and 26k sats
Daily Bullish Signal $THETA #THETA #THETABTC #BTC $BTC (2 May)RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
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My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the direction I drew. I will always try and practice until PERFECTION is MY OWN
$THETA #trianglegang Edition - Day Trader ExplainsLadies and Gentlemen,
Welcome back to TJ's Trade Corner!
Today we will be taking a look at $THETA, one of the mostly shilled and anticipated trading pairs out there with a really string set up as we will see here soon.
Lets begin with the market structure. We had a really insane pump in the beginning of March yet starte retracing from there almost immediately. The previous support of 2200 did not hold and we had to continue more downwards. Yet, right now we are getting quite pointy and starting to form a falling wedge. Over the last weeks it is getting quite obvious.
Should you go to the 3D chart, then you will see that this whole formation is one big falling wedge. Falling wedge on its own are already bullish, now lets take a look if we can find anything else.
The Volume, is very low and as expected no significant volume on the seller side over the whole retrace period. This is hilarious and only shows, people are not really selling, some maybe taking profits, hitting stop losses, trailing stops and so on. Also, just to make sure, everyone gets it, I will only enter a trade here, when we have significant buy volume on the daily. Yet, I kinda have the feeling that it will be very soon, since we are at the very tip of the triangle and looking at the...
...TJ-Stoch, we can see that it does not respect the 40p for impulse moves, but it really likes the 10p line, where we can see was as well the moment before the second last big pump on Feb 24th.
In addition to all of this, we can see that the TJ-MoneyFlow is slowly rising, same as the TJ-Stoch. Creating a slight bullish divergence against the descending $THETA chart.
This TA and a full trade set up has been published before in my private learning group "ETG".
We are going over many observations and possible trades very frequently.
It is meant for only those who are really interested in becoming a self sufficient trader and learning about all the secrets of trading.
Should you be interested in ETG or the indicators I use, join my discord channel and say hi in chat, then I will give you a free trial for which you might be interested.
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Cheers TJ
ThetaBTC following mama BNBBTC?after the hype FIb target of wave 3@1, wave 5 @ 2.618.
Now it is at the top reversal.
depends on what it formed on the reversal
- diamond or ascending wedge, then decide the falling target.
if following BNBBTC 2hr chart's first big cup and hype,
then this is the possible upcoming correction wave ABC target.
after the correction finished, then expecting it to form double cup in a big channel.
Theta/BTC 5 Day/1 Week SwingSince the beginning of the month, Theta has been testing a lower resistance level at .000021 and an up bound at .000026. I believe it will bounce of the bottom resistance again this week and test the strength of the upper resistance over the course of this week. MACD line trending upward to cross over the signal line.
This is for educational purposes only and is used for my own charting practice.
THETABTC Welcome to this updated analysis on THETABTC Let's get right to it!
Bullish RSI Good volume.
Break above strong resistance MA10.
We can buy this coin with a target at 0.00002182
if this bullish roll in, maybe THETABTC will break resistance and reach 100% Profit bullish flag projection.
We can buy this coin with a target at 0.00002182
THETABTC TARGET:
0.00002182
0.00002936
We can AVOID/STOP loss at 0.00001086
This information is to be used for educational purposes only
TRANSPARENCY Strategy,
For more content, be sure to hit that follow button
THETABTCTHETABTC
Entonnoir : W/D/H4 (swing)
Réclamé par un lecteur.
Les BB ont l'air de se refermer en weekly, ce qui me fait plus penser au fait que nous nous dirigeons vers une nouvelle compression weekly. Dans tel cas, cela voudrait dire que nous sommes dans la zone basse de la future compression weekly et que nous avons donc un biais potentiellement haussier.
Tout va se jouer à la sortie de compression daily (jaune). Si on en sort par le bas (flèche rouge en pointillés), le biais weekly sera définitivement baissier avec la cassure du dernier creux (entouré blanc) et il faudra attendre un rebond éventuel sur la borne haute de la compression weekly (blanc) pour se placer à l'achat.
Si on en sort par le haut (flèche verte en pointillés), on pourra se placer à l'achat avec pour objectif d'aller re-tester la zone de S/R des ~3500.
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Funnel : W/D/H4 (swing)
Requested by a reader.
The BB seem to already close on weekly which makes me think that we are going for another weekly compression. In such case and as we are at the bottom of this future compression, the trading range strategy tells me we have a potential bullish bias.
The next compression breakout on daily (yellow) will say it all.
If it breaks by its bottom (red dashed arrow) and also breaks the last weekly bottom (white circle), we'll have a bearish bias and we will have to wait for a throwback on the upper side of the previous weekly compression (white) to go long again.
If it breaks by its top (green dashed arrow), we could go long with the zone of S/R at ~3500 as a target.