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Theta

THETA Retests 2 Month Trend, Will Bulls Take It Past $8.00?-Theta has risen 25% the last week -Price just confirmed a 2 month long downtrend -100MA is now holding as support Theta had an astonishing run the last year as prices rose 1000s of percent. The use case for THETA around decentralized media is one of great utility & investors has shown their interest in it. Once a few more resistances clear, THETA will likely show immense bullish strength back to previous levels. The majority of crypto assets have broken their downtrends fully & have been reviving strongly to previous levels of May. Soon enough, this should be the case for THETA. While looking at the last week of trading, we can see how price has fully broken a downtrend line that was holding price down ever since ATH was set. Just over the past day, price has came down to retest this as support. This is a very bullish scenario & may very likely have set the stage for THETA to reach $8.00+. Bulls have been having trouble at the major resistance zone of $6.84-$7.29 over the last few days. THETA must break & hold this resistance for the targets to be reached. 

 The 100MA was a barrier for over a month as bears continuously rejected price from holding it. THETA has now been holding above this MA , which shows the trend is now up. Earlier today, THETA held the major support of $6.31 very well. Along with this major support lies a trend line that price has been holding ever since the low was recorded in July. As long as bulls continue holding above this trend, price should push to the targets that are shown. In the event these two marks break, THETA will find support at $5.70. While looking at the Stochastic RSI, we can see how it just managed to break back above the 50 value. This is a great sign but it must continue its way to the overbought region above 80 to really experience a large bullish push. The MACD has been hanging out above the 0 value for nearly 2 weeks. This is a bullish sign along with the fact that the histogram is about to tick green for the first time in 2 days. THETA Intraday Analysis Spot rate: $6.82 Trend: Bullish Volatility: High Support: $6.31 Resistance: $6.84
by CoinGape
1
💡Don't miss the great buy opportunity in THETAUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (6.425). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . THETAUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 51. Take Profits: TP1= @ 7.528 TP2= @ 8.538 TP3= @ 10.099 TP4= @ 11.338 TP5= @ 13.195 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
20
💡Don't miss the great buy opportunity in THETAUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (6.425). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . THETAUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 51. Take Profits: TP1= @ 7.528 TP2= @ 8.538 TP3= @ 10.099 TP4= @ 11.338 TP5= @ 13.195 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4
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?
Long
by Crypto-Swing
2
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!
Long
by MarsSignals
4
THETAUSDT Bullish Trendline Breakout4h chart THETAUSDT Bullish Trendline Breakout. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Long
by CryptoTrend-Alerts
1
THETA - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow. THETA is sitting around a strong demand zone in green so we will be looking for buy setups. on H4: THETA formed an inverse head and shoulders pattern but it is not ready to go yet. Before we buy , we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? Trigger => Waiting for a momentum candle close above the gray neckline to buy. Meanwhile, until the buy is activated, THETA would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
42
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!
BINANCE:THETAUSD
by JacobR905
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).
Long
by Chibuike_Odoh
$Theta: Inverted Head and Shoulders Incoming and $10 Inview$Theta has been one of the tokens on my radar for the past weeks and with the decrease in $Bitcoin Dominance, one would expect that certain alts will have breathing spaces. Theta has shown itself to be one of such tokens with Prospective pumps incoming, this prediction talks about its trading level to level. we are approaching the July ATH and this will complete its pattern to form the inverted Head and Shoulders which in itself is a Bullish Pattern, if that holds then we approach the June Mid Range and if we can find another support around there then we push towards $10 which is the June ATH. Its invalidation will be if it breaks below August Open thereby making a movement below $5.5
Long
by theGideonAjose
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!
by Altsignals
1
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!
by Altsignals