Theta Network (THETA) - November 8Hello?
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(THETAUSD 1W Chart) - Mid-Long-Term Perspective
Above 2.9437615 point: Expected to create a new wave.
(1D chart)
First resistance section: 8.6007292-9.6692416
Second resistance section: near point 12.8774792
Support section: 3.2581665-4.3266790
The section 6.4637041-7.1677951 is expected to play an important role in this ascent.
Therefore, if the price is maintained above the 6.4637041-7.1677951 range, the uptrend is expected to continue.
If you fall from the 6.4637041-7.1677951 section, you can touch the support section and need a short stop loss.
However, the move may follow an uptrend line, so you should respond with a short-term trade.
A move above the 8.3238958 point, i.e. above the first resistance section, is expected to accelerate the uptrend.
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(THETABTC 1W chart)
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
Theta
THETAUSDT
Theta/USD had a recent break out to the upside followed by strong retests to the breakout consolidation area multiple times and it held the price very well. the retest area is also 0.618 fib level the most important Fibonacci level, as you might’ve guessed, is the 0.618, Golden Mean level. This is a critical level where sellers tend to give up bargain-hunting and a potential mass buying frenzy will ensue. in our case, it's a BUY/Support zone
Once THETA CLEAR 8.60 I'd expect a push to test previous high and beyond
Short Term target I am looking for
8.78, 9.79, and 11.20 resistances respectively.
#PatientMan target 21$+
Ideally Buy zone under 7.30
Invalidation point 6.80 Daily base
THETAUSDT - Entry timingBYBIT:THETAUSDT
4H trend chart
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THETA has build a double bottom after falling from 8.598
Now it broke out the neckline which is 7.930
If price can stand firm here, trading strategy as below.
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Profit Targets:
a) 8.210~8.323----Fib(1.272~1.382)
c) 8.567----Fib(1.618)
d) 8.960----Fib(2)
Stop losses:
a) 7.040-----Red horizontal ray
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CHR 300%+ GAINS AHEAD!Head and shoulders pattern formed on Daily, (more like cup and handle on weekly), and broke the daily and 2 day zone with a very strong bull candle. Price is a little choppy right now for shorter term entry, so best play is to just put a position in and hold bc the gains on this are going to be ridiculous. Over 100% away from first fib level! and over 300% away from the 3.618, which based on past price is most likely where we will see it go to before a longer term retest.
**This thing is an ABSOLUTE GEM**
DYOR
Potential Breakout for THETAUSDTI have laid out two scenarios in which THETAUSDT could break out to a 600% upside . It is based upon these fundamental fibonacci channels which I recognized in combination with the recent fakeout above the top resistance line.
This could be a valuable entry point right here, but let me know your thoughts on this.
THETA - Future Projection SeriesIf you’ve read any of my previous “Future Projection” posts, skip down to the conclusion as these paragraphs are the same.
During the downturns in the market I spent time learning more about utilizing the charting functions in TradingView. I also watch a lot of youtube vids about crypto and charting concepts. I came across a good chunk of info on using the “log” function and what it could possible show me.
At this point in the crypto cycle, even though I feel we are nearing a parabolic stage, it is beyond the point to expect 50X or more from me or any basic Joe who “dabbles” in crypto investing. Think long term. What can I realistically (if that even exists in Crypto) expect a coin to perform in the next bull run. Well the log function gives me a level playing field to do just that.
Using the log function, I utilize a common start date as the beginning of my parallel channel. That date is the big drop Mar/20. The parallel channel runs from the bottom of the Mar/20 drop forward in time along the bottom dips. The top of the channel is the highpoint in the cycle.
The first future projection is created using the green trend lines, the first from the top of the cycle peak to the bottom, and another from that lowest point up forward in time to what I estimate as the timeframe for top cycle which approximates end of Q4, and my birthday Jan/7 so thats the future date for all graphs in this series.
The second future projection takes ratio’d growth into consideration. This is done using the blue trend line which starts at the first peak after the Mar/20 drop, using the top of arcs as the guidance. I carry this line forward to Jan/7.
Conclusion; At the time I drew this one the price was $9.67
First Projection $172.38
172.38 / 9.67 = 17.8 X
Second Projection $774.50
774.50 / 9.67 = 80 X
Now for a regular old fellow such as myself, a 17 to 80 X on my money within the next few months is a good investment. It literally involves 2 trades. Timing is not a great big deal as long as you get in near 9.67 otherwise the X factors changes a lot. Timing to get out is the top of the curve. This is a day time factor. It’ll be “at the top” for days or a week. You’re not chasing a pump or a knife here, its a month(s) trade. Or a parabolic week so watch close.
I’ve done this for a lot of coins now and the results are sometimes very interesting in that, a popular coin just doesn’t have the numbers or that it really has good numbers. I found as an average I like results in the 5 or above range for the first projection and 15 or above for the second projection. If I utilize this investment concept and choose coins with similar numbers I can reasonably expect a 10-15 X overall. I’ll post a few others I find interesting for this bull run in the coming posts.
My thoughts, not advice Oklah. Cheers
THETAUSDT Technical Analysis⏳ Spot
💎 THETAUSDT hs been moving up and supported by the Support line. It has been also moving up after breaking above the resistance. The green candles show that the Bulls are in control
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 6.913 - 7.252
☕️ TP1 8.212
🍺 TP2 9.624
🍻 TP3 10.820
🍾 TP4 11.893
🍷 TP5 13.000
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 6.350
Good Luck 🎲
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THETA symmetric triangleOn the week, THETA is in a Symmetrical Triangle and on the basis of the Bollinger Band we can see that the volatility has decreased and so we have to wait for a solid movement. perhaps the *Theta version 3.1.2 release, which will run at block height 12,749,952, at the latest somewhere next Sunday at 6pm Pacific Time, will take care of that movement.
On the 2 hour chart, the course is during the ride to the Cup n Handle target (very lightly marked)
ended up in an Ascending Broadening wedge whose dotted line is the 100% price target (about $6.40).
Because there may be a hidden divergence, the price could give a small rebound, which could possibly be a re-test on the decline in the pattern. Should this play out, a Head and Shoulder pattern could arise which doubles the decline.
Don't forget that we are looking at the 2 o'clock here and that we are heading towards the ridge of the Symmetrical Triangle just mentioned on the week.
a drop would mean looking at the bottom of the triangle again. In case the bulls react so strongly to the just discussed hidden divergence, that could be an attempt 2 to get through the resistance of the symmetrical triangle.
Keep calm, trade safe and manage your risk.
(Disclaimer: This is not financial advice)
THETA Ascending Broadening Wedge
On the week, THETA is in a Symmetrical Triangle and on the basis of the Bollinger Band we can see that the volatility has decreased and so we have to wait for a solid movement. perhaps the *Theta version 3.1.2 release, which will run at block height 12,749,952, at the latest somewhere next Sunday at 6pm Pacific Time, will take care of that movement.
On the 2 hour chart, the course is during the ride to the Cup n Handle target (very lightly marked)
ended up in an Ascending Broadening wedge whose dotted line is the 100% price target (about $6.40).
Because there may be a hidden divergence, the price could give a small rebound, which could possibly be a re-test on the decline in the pattern. Should this play out, a Head and Shoulder pattern could arise which doubles the decline.
Don't forget that we are looking at the 2 o'clock here and that we are heading towards the ridge of the Symmetrical Triangle just mentioned on the week.
a drop would mean looking at the bottom of the triangle again. In case the bulls react so strongly to the just discussed hidden divergence, that could be an attempt 2 to get through the resistance of the symmetrical triangle.
Keep calm, trade safe and manage your risk.
(Disclaimer: This is not financial advice)
THETA - $21.81THETA is trading above the support zone of $6.78. If it stays above this support zone, we could start seeing a move towards $7.12, $7.94, $8.68, $9.10 and $10.59. If the resistance at $10.59 breaks, we could start seeing a much bigger run towards $14.87 and $21.81. Failure to hold the support at $6.78 could lead to a drop towards $6.30, $5.98 and $5.29.
THETA retraces after marking a monthly high at $8.20The Theta price analysis is bearish for today as the coin is retracing after going as high as $8.20 yesterday, showing good performance and marking a monthly high. Even after the decline, Theta is still trading above the price threshold, which was set after the famous 7th September flash crash, when Theta fell from $9.2 to $7.0 and remained below the psychological $7 handle. Today’s price depreciation is also steep as the selling of Theta assets has gained momentum, intensifying with every passing hour.
THETA - POTENTIAL GEM WITH BIG GAINS!Hey everyone. THETA is a coin I've researched a little although I'd like to research more. So far I'm very interested and I know there is a strong community here of supporters.
This chart is not intended to be as accurate as the others I usually post BUT what I do see here is BIG TIME POTENTIAL! It looks like it's on the verge of a breakout right now with potential to complete a giant Inverse Head & Shoulders pattern along the way.
The MACD is right in the sweet spot on the 4HR, DAILY, AND EVEN THE WEEKLY. If THETA can break upwards past the green resistance area then the MACD will be more confirmed because right now it's turning up just above the 0 line which is usually very good AS LONG AS THE UPWARDS MOMENTUM continues and BULLS CAN REALLY GET A HOLD here.
Like I said, I don't have as much confirmed information as I'd like to have right now but as the chart progresses, more data will become available to analyze. The MACD looks promising though, combined with the current bullish market.
ITS DEFINITELY ONE TO KEEP AN EYE ON and you can decide for yourself whether to buy and where to buy in. I put a couple ideas on the chart. Hopefully this green resistance gets broken here in the short term and then the situation will look much better and I will have more confidence in it playing out.
What do you guys think?
I'll have some more charts up in a bit. Its the weekend so I DON'T EXPECT BTC to do much besides sideways action, HOWEVER we are overdue for one of those ODD weekends where it happens and creates a CME gap... that's another story
Anyways, hope you like it. Take care.
THETA: Waking upSeems that THETA finally decided to stop being a stable coin around the 6/7$ mark and made some kind of move upwards.
If we close above the grey trend line and the $8 mark i bet this is going to teleport to $9.5, i’ll book some profit here since $10 is also a psychological level.
Good luck!