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THETAUSD Perpetual Swap ContractTHETAUSD Perpetual Swap ContractTHETAUSD Perpetual Swap Contract

THETAUSD Perpetual Swap Contract

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THETAUSD.P trade ideas

THETA ROCKET +1030%We went long THETA 18 months ago today. The cryptocurrency has had an amazing run throughout 2020. The price looks somewhat extended right now with $1.15 possibly a more appetizing entry point for newcomers. $1.15 is where the 8 day EMA sits on a one year chart ($0.89 above on longer term chart) and we can expect a contraction to somewhere close to that price level after such a monster move. A worse case scenario could see Theta fall to the 100 day Simple Moving Average at $0.70 on a one year chart once it blows off some steam. Theta's platform allows users to earn money by sharing bandwidth and computing resources on a peer-to-peer (P2P) basis. Turing-complete smart contract support was enabled on the Theta Blockchain Mainnet earlier this month. Smart contract funcionality open up a whole new set of user experiences and new attribution models for DApps built on the Theta network Also, the team announced the next generation Theta blockchain: Theta Mainnet 3.0 projected to launch in the Spring 2021 will introduce TFUEL staking and burning. We are +1030% on this trade and remain bullish on Theta.
BINANCE:THETAUSDLong
by rzinho
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