THETABTC trade ideas
THETA/BTC (Testing Important Fib Resistance)💎Technical Analysis Summary💎
BINANCE: THETABTC
-We can see multiple rejections at the last Fib resistance area
-And Theta Token is trying to break above 0.786
-This is Bullish if the daily candle closes green
-Provided it can hold above resistance area for at least 5-7 days
-But I don't want to be optimistic at this level
-Because of the warning signs like RSI, price action, low volume, & pattern
-Yes, the price may still increase by up to 16%
-But on the risk to reward perspective, it is not good
-I would rather wait for a trendline support retest
-Before looking for a Bullish/Bearish trade idea
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
``````````````````````````````````````````````
Theta rising wedge. Is massive dump next?After weeks of growth Theta created rising wedge. Usually this pattern breaks down massively.
It can go higher but it's very dangerous to buy/hold at this levels.
StocRSI also cant sustain at this levels. I see stocRSI falling below 20, creating another buying opportunity in coming months.
I think this will play out in 1-2 weeks.
Theta Token Bullish, Facing Resistance, Aiming Higher ButtTheta Token (THETABTC) is looking bullish and pushing higher.
Right now this altcoin pair is facing resistance at the 0.786 Fib. extension level.
- Above this level, we go bullish, and more/fast growth is possible.
- Below this level, we can see prices retrace/correct before any additional bullish action.
There is some bearish divergence on the MACD and RSI but it looks like there is some steam still left... With that said, make sure to have a plan before you trade.
Previous chart |
THETABTC (+50%)
Feel free to hit LIKE if you want to see more altcoins charts.
Namaste.
THETA/BTC (Sign of Weakness?)BINANCE: THETABTC
-Theta Token is trading inside an ascending channel which is Bearish
-And a potential Bearish Double Top reversal pattern
-The pattern still unconfirmed until the base neckline is broke down
-Also, the upward trendline of support still intact
-If you have a swing position from the start of its uptrend channel
-Please take profit now and move your stop loss at key levels
-Because can see signs of weakness especially the RSI and low volume
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
``````````````````````````````````````````````
THETABTC in inside a bull flag 🦐After amazing profit ( +62% previous idea the price is inside a bull flag an it finds 4h support.
IF the price will have a breakout from flag According to Plancton's strategy, we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long and GoneWas eyeing this last night but forgot to post thoughts. Buy Alert triggered overnight with a nice pop. I'm not all in on this project fundamentally, but the consistent growth is promising enough to take a small position.
Right now there could be a small Kijun Bounce that is maybe worth waiting out for.
Theta - possible blow off top to new highsTheta has enormous following and infrastructure. all samsung phones will now be compatible with Theta tech. not much on technical analysis besides that it looks bullish overall, if it passes its current mark of ATH's my guess is moonshot to crazy new highs, if rejected it will hit violent pullback.
Theta Token (THETA) Continues On The Bullish PathTheta Token (THETABTC) is looking bullish and growing steadily.
Prices are slowly creeping up just like it happened in April/May before a strong impulse move.
The same scenario can be repeated based on how the chart is looking now.
Signals & Indicators
We have THETABTC trading above EMA10 and all other MAs active on this chart.
The MACD is looking really good and allows for additional growth.
RSI is very strong at 66.
These signals support the general analysis described above.
Remember to have a plan set/ready if you decide to trade.
Namaste.
This is not financial advice.
Always do your own research before buying any crypto.
THETABTC | Break above Triangle Formation [45%]The price of the token has broken above the symmetric triangle, likely to rise and give a move of about 45% to the upside.
Buy: 0.00003150 - 0.00003300
T1: 0.00003800
T2: 0.00004200
T3: 0.00004600 (44%) 🎯
SL: 0.00002700 (Below the resistance line)
Thank you for reading, hope you have a good day!