THETA - Leading the recovery?I've mentioned elsewhere the prospects for Theta and how it seems to be leading the recovery in the major alts, at least the ones I'm watching, so I thought I should share here.
As seen in the daily chart above, Theta has formed a very nice right shoulder to a potential Inverse Head & Shoulders pattern. The neckline is at $6.75, which is within spitting distance from here, and a break to the upside of this line of resistance projects a rally to $10, back into the double digit valuation.
The corrective structure can be seen to be completed in Wave Counts, and there is a nice bullish engulfing bar at the bottom signaling a trend reversal.
With head height in the RSI and lots of space for the MACD to extend, things are looking decidedly bullish for THETA.
Will we see $10 and higher soon?
Thetausdt
THETAUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. The price was able to climb well. As you can see, at the moment, the price has been able to break its resistance and start moving upwards. As long as it is above its support line, we call the trend bullish. But in case of breaking the support line and stabilizing the fall, we consider the next support.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
THETA/USDT BULLISH MOVE UPWARDS EXPECTEDTHETA is currently in my trigger zone here, A retest is still pending. If we see a daily close above my trigger zone that will add more confluence to the whole setup here. It would be best to buy at retest the next day if that happens. Whenever I mention a trigger, it means that a momentum candle (no wick) close above it (gray area) and then a retest and we're off towards our targets.
Enjoy the trade. Cheers!
-Mr. Khan
THETAUSDT Moving Along the Bullish Channel
Welcome back Traders, Investors, and Community!
THETAUSDT on H4 after breakout and retest on its way going up
⬆️Buy now or Buy at 5.890
⭕️SL @ 5.17
✅TP1 @ 7.90
✅TP2 @ 10.0
✅TP3 @ 13.12
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THETAUSDT Bullish Trendline Breakout4h chart THETAUSDT Bullish Trendline Breakout.
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MUST BREAK LEVEL FOR THETA!!Theta has been stuck inside a downtrend channel since around the end of march and has been unable to fully breakthrough out of this channel, the most we have seen is a few wicks above the channel, if we want to see theta go on a big run here we will need to see a break of a few key levels, first the top of the descending channel, the 0.2 FIB level which is lying directly above the top of our channel and then finally the first point of resistance coming from the pivot points. we have actually crossed the bullish pivot point but not by too much, our candles recently have been sitting almost right on this point and i feel we gotta make a move upwards soon before we risk falling back below this level. Looking at the bollinger bands a very key thing that could happen would be price action grabbing onto that top band and going for a rollercoaster ride upwards, which i think would completely blow us right through these few key points i was talking about, in order for that to happen though we need to atleast breakthrough the top of the descending channel, once that is done the top bollinger band will be right in our reach! Looking at the MACD we are seeing good separation within the MA's but i notice the blue ma is starting to come down a bit towards the orange, now this is very important because if we don't see a bounce on the MACD due to a runnup in price we are playing with a possible bearish cross which could definitely set us back even more, we could start to see a little bear cycle on the MACD if our histogram continues to shrink the bars its printing! Not financial advice just my opinion!
THETAUSDT { THETA TOKEN } - BULLISH SETUPANALYSIS 🔎
- THETAUSDT was bounded in a descending triangle pattern.
- Price brokeout above the descending triangle's inclined resistance.
- This is a bullish signal.
BUY ENTRY ⬆️
- Market entry: current market price.
- slStop limit entry: Breakout above the horizontal resistance level (@6.75).
- Limit entry: Retest of the descending triangle's resistance.
TARGETS 🎯
- Horizontal resistance level (10.103).
- Horizontal resistance level (@15.88).
SETUP INVALIDATION ❌
- Breakdown below the descending triangle's horizontal support level (@3.47).
THETA - Breakout Pending...As with most other cryptocurrencies, we saw a double bottom reversal chart pattern indicating that we are at the end of the bear trend. We are now hovering just below the trendline that will determine whether or not we are in for a bullsih reversal.
We can see that price made a move up and now hovering - basically a bull flag. For confirmation, it would be wise to wait for a bullish candles breaking both the consolidation period we're in and the descending trendline.
We could be at the start of the next big break!
THETA - Breakout Pending...As with most other cryptocurrencies, we saw a double bottom reversal chart pattern indicating that we are at the end of the bear trend. We are now hovering just below the trendline that will determine whether or not we are in for a bullsih reversal.
We can see that price made a move up and now hovering - basically a bull flag. For confirmation, it would be wise to wait for a bullish candles breaking both the consolidation period we're in and the descending trendline.
We could be at the start of the next big break!
THETAUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in daily time frame. As you can see, you see the price tightness below the resistance line, which we intend to break our resistance line and start moving upwards. In case of breaking the resistance line and stabilizing above the line, we will enter the trade for the above goal.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!