Theta Eyes Breakout Of Multi Month Descending Channel-Theta revived nearly 70% the last week
-Price is getting halted at major trend line resistance
-400MA has held prices down for nearly 80 days
Theta Token experienced a massive bull run over the last year as prices rose 1000s of percent. Despite these gains, Theta fell victim of market movements and fell nearly -80% from its ATH of $15.90. As Bitcoin starts its revival off lows, Theta has been attempting to begin a bull trend for the first time in many months.
While looking at the chart, we can see THETA has attempted two breakouts of its multi month channel resistance (green). Price has been respecting this channel for some time as bulls and bears have equally defended it. Along with this trend line lies a major resistance zone from $6.47-$6.85. If bulls succeed in breaking & holding this zone, Theta will be in position for a strong push to the given targets.
Along with these two resistance marks lies the 400MA. This MA has held prices down for nearly 80 days as it has been a strong mark for bears to defend. Breaking above this & holding it will likely allow the push to targets as mentioned above. If the bulls fail to break this mark, THETA will be in for a short term downtrend. Price will find support at $5.25 & $4.40.
While looking at the relative strength index, we can conclude strength just visited the overbought mark and has since been heading down to bearish territory. RSI must hold above the 50 value to save it from a fall to its next supports. The MACD has been consolidating within bullish territory above the 0 value. This is a good sign that buyers have not yet left the market and as soon as the histogram can tick green, THETA will try another push to its targets.
THETA Intraday Analysis
Spot rate: $5.71
Trend: Bullish
Volatility: Medium
Support: $5.25
Resistance: $5.88
Theta
THETA - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
THETA is sitting around strong demand zone in green so we will be looking for buy setups.
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?
on H4: THETA is forming a channel pattern in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
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
THETA;Next generation video delivery: (THETAUSDT analysis)Theta is a native blockchain with an open-source protocol, meaning that it allows developers and partners to build decentralized applications on the network, as Ethereum does. It is a decentralized, peer-to-peer video delivery network powered by blockchain technology that enables free, high-bandwidth content delivery.
Theta’s main business concept is to decentralize video streaming, data delivery and edge computing, making it more efficient, cost-effective and fair for industry participants.
The network runs on a native blockchain, with two native tokens, known as Theta (THETA), Theta Fuel (TFUEL), powering the internal economy.
Theta’s appeal is threefold: viewers get rewarded with better quality streaming service, content creators improve their earnings and middlemen — video platforms — save money on building infrastructure and increase advertising and subscription revenues.
Users have an incentive to both watch network content and share network resources, as rewards come in the form of TFUEL tokens.
coinmarketcap --- thetatoken.org
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✅TECHNICAL ANALYSIS
As you can see in the weekly time frame for THETA/USDT, the price is trading around 4.67$ .
The general theta trend is bullish and almost unlike many other altcoins it has been able to maintain its bullish trend in the recent bearish market.
If the next uptrend starts from this area, it can be considered as 5 Elliott wave and can reach the specified targets by the end of the year, and in the descending scenario, if its weekly candle closes below the trendline, it will fall near the support area.
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💥(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in any other markets .)
💫(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.💯
🙏with Best Regards and successful trades❤️
💜 if you like my analysis, give a big thumbs 👍 and drop a comment
THETA/USDT DON'T MISS THE TRAIN BREAKOUTGoodmorning Folks,
NFT's going strong lately so will THETA be.. I have done my due diligence on THETA and appreciate what they stand for and what they do and want to achieve.
I strongly recommend reading about it and do some research on.
On the daily chart we have a Bullish breakout confirmation because price closed above the open price of the black candle..
The price is available in a low price area, bullish breakout is confirmed, RSI around 40 and price fluctuating at the down range of the Bollinger Bands.
If you wanna make a strategized trade this is the time..
See the chart for support levels en price target level..
Quote of the day;
Let the market be your guide.
Like the content if you like and follow for more to come!
be ready 50% down is coming ... lets shortAfter our successful Signal for LTC which hit all targets with about 60% profits 👌 (the original post below this article)
we were waiting for another low risk trade to share freely with you here..
Theta coin is a good based project but for short term I think there will be another last correction which will happen within July n August, and then we may have the chance to complete the bull run again.
s o the bearish signals we can see on the chart for now is the following:-
1- Death cross, EMA 50 has just crossed below EMA 150 which is a bearish divergence.
2- We are making lower highs n higher lows.
3- Downtrend is still continuing had not ended yet.
4- Strong diagonal resistance (the black line) that we failed to break for about 100 days !!
5- We are about to face the EMA 50 which Theta failed to stand above since the hard dump on 17 may.
6- We are about to face the last support that Theta broke while falling down which is expected to be flipped into resistance.
so we r expecting bearish movement..
short:✅ 5.90 - 6.10 ✅
🎯TARGETS:
1- 4.68
2- 3.94
3- 3.50
4- 2.94
💵 Trade Size: 3% -5% of Portfolio
🚫Invalidation(SL): 7.73
Please click LIKE button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
Thank you.
THETAUSDT LONGSalam dustan
THETAUSDT Futures
in tahlil baraye futures hast
thetausdt tuneste bad az kaheshe gheymat yek channel tashkil bede k bad az khoruj az channel yek continuation dar time frame 5m tashkil dade
dar tahlil price action in olgu be samte bala rafte ta high price yani top ghabli
nazare shoma chie???
agar ba man movafeghid LIKE konid
Por sood bashid
Theta - More Downside?Applying fib channel in this daily log chart we notice that the worst may still to come to THETA, lying right now at the support line of this channel that begun in late march.
Breaking this present support we have two others until $1.90.
It's also important to notice that for the first time since late april/20 THETA is below MA 200.
Unless it bounces hard on this level i'm bearish.
Thank you for reading.
Theta Network (THETA) - July 14Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(THETAUSD 1W Chart)
If the price is maintained above the 2.94376146-4.33578821 section, we expect the uptrend to continue.
In particular, it is important to see an uptrend along an uptrend line.
(1D chart)
If the price is maintained in the range of 4.41735896-6.59972404, it is expected to turn into an uptrend.
In particular, we should watch to see if we can move up along the uptrend line.
If it falls in the range of 3.32617649-4.41735896, it is possible to enter the mid- to long-term investment area, so careful trading is required.
I expect the uptrend to be limited before breaking out of the two downtrend lines.
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(THETABTC 1W chart)
If the price is maintained above the 12434 Satoshi point, it is expected to create a new wave. (Mid to long-term perspective)
(1D chart)
It turned into a downtrend as it fell in the 17437 Satoshi-19486 Satoshi section. (Short-term and medium-term perspectives)
If the price is maintained in the 12434 Satoshi-13341 Satoshi section, it is expected to turn into an uptrend.
In particular, it is important to see an uptrend along an uptrend line.
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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 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 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.)
** See support, resistance, and abbreviation points.
** 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.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
THETA buy zoneTHETA created a good entry point for trading. This is indicated by RSI hitting low and expected point of convergence for MACD as well as upcoming wave change, supported by EWO indicator (not on the chart) reaching it's bottom. All of that allows to expect trend change soon enough. Buy setup for that change:
Buy price: 5.545 - 5.565
TP: 5.619
SL: 5.185
🆓THETA (THETA) July-12 #THETA $THETATHETA is struggling at the $6 zone and if it can't break through it it will correct to the $5 zone by mid-July or even the $4 zone. These are good buy zones that will definitely bring us good profits.
📈BUY
🔴Buy : 4.85-5.15$. SL if B
🔴Buy : 5.85-6.15$ if A. SL if B
📉SELL
🔴Sell : 5.85-6.15$ if B. SL if A
🔴Sell : 6.8-7.2$. SL if A`
♻️BACK-UP
🔵Buy : 5.85-6.15$ if A. SL if B
🔵Sell : 6.8-7.2$. SL if A
🔵Sell : 8.8-9.2$. SL if A
🔵Sell : 4.85-5.15$ if B. SL if A
🔵Buy : 3.9-4.1$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
TFUEL ENTERED BUY ZONE JULY 5th #BTC ACTING AS ANCHORGood day, my crypto friends. Have you heard about #TFUEL or #THETA lately? Overlooked it perhaps?
In the News:
July 7th: Theta Labs Awarded 5th Patent
June 30th: Main Net 3.0 Launched
June 30th: Katy Perry Announced Launching NFT on Thetadrop.com in Q4 2021
What is happening?
Major New validator CAA joins on as 15th validator node. This is a Hollywood A-list celebrity talent agency. While coming at a time when Hollywood doesn't have a great reputation this shouldn't be ignored. Hollywood has no problem innovating to stay relevant and the possibilities of sweeping more cash away from fans for a digital rendering allah NFT's seems fitting. We'll likely see a major sports franchise follow suit if a moderate level of success is realized by CAA. *Speculation* likely the NFL or a co-sponsored relationship with Autograph (Tom Brady). Since Theta has added a 16th validator node with DHVC which is an asset management company.
Main Net 3.0 launched successfully. People are now earning more Tfuel for staking Tfuel. The Edge Node which is Theta Lab's software for harnessing broadband and computer resources has more nodes than the current job demand. Look for news that puts more work onto the Edge Nodes. Currently over 100k are operating and jobs are as infrequent as one or two a week. A moderate-sized project that would bump this up to a couple of jobs a day would be a huge boost here. The project needs more demand but not to much demand. This means companies like NetFlix and Youtube are not expected at this time, but a project like a beta test run through Vimeo or perhaps Rumble or Bitchute would grow demand sufficiently to get more nodes up and running for the big guns like Netflix, Youtube, TikTok or Twitch.
The stars are aligning . Both figuratively and literally. The news of CAA and Katy Perry's NFT project is the literal aspect, but figuratively the news is just as good. The 5th patent was announced today and behind the scenes partnerships keep emerging. While this is very good news for the Theta project as a whole, many small investors who got in during the All-Time-Highs (ATH) are becoming frustrated with the lack of progress in price.
The crypto market as a whole has been under attack by a fledgling system of corruption. This is evident by the fact that the system points to cryptos as enabling corruption. Standard playbook, blame others for what you're guilty of yourself. Decentralized currency is not good for the powers that were and whilst they still have some control they are exerting an ever-increasing attack on the crypto market. The question is, is the crypto market a massive snowball perched on the top of a mountain? Or has that snowball already started rolling?
What's up with BTC? And why the hell does it matter to Theta?
A longer look at BTC let's just say over the course of the last 12 months, shows BTC is actually doing quite well. Last year on July 8th BTC was around $9500. We're over 3x from that, which should put most short-term worries to bed. BTC is the mother of all crypto. This is why it is the focal point for attacks. China or Musk saying this or that, Markets creating BTC Futures and exchanges using leveraged trading are not designed to make the little guy any money. They are designed to control BTC to the best of their ability. What happens on most exchanges is coins are traded and viewed in pairs. This coin moves with that coin kind of thing. Because of this, generally speaking, good news in one crypto can't really translate when there is bad news constantly coming out for BTC. Which as I said in the opening statement and it's there for all to see, is it really isn't bad news.
The double-slit experiment.
The results of which change based on whether or not there is an observer. This means that results are dependent on observation. Take that one step further and you have scientific proof that by changing your observation you can change the results. What seems most logical to me, is that we as a whole need to stop paying attention to the BS being spewed by any MSM and even many Alt-Media types.
Evaluate honestly what crypto represents and can be, and you may see it as I do, a self-sustaining decentralized financial system that does away with the corporate bloat and governmental bureaucracy, and greed. By gathering a greater understanding of what crypto is, can be, and will be. We can more easily ignore the noise the previous establishment wants so hard to hang on to. Figuring out we really don't need central banks, credit card merchants, gateways all to take a cut of every dollar we earn and then subsequently spend is what crypto represents. Trading, futures, and exchanges are all ways for the "the man" to get his cut.
This information was presented in such a way to bring you to this final point about Theta / Tfuel. In my previous post, I outlined the fundamentals, all of which are still there now with even more arrows in that fundamental quiver. We have only seen good news about Theta, yet the price has gone down over the last couple of months and has been on a sideways trend since. All of this can be pinned on the exact same thing happening to BTC. But what is important to note here is that Theta/Tfuel and most crypto's for that matter are now at or around this year's all-time-lows. Which had somebody put this exact same information in your hands last year, in BTC's case you'd have still tripled your money. Think about that.
Well, thanks for taking the time, TFUEL isn't a big draw here, and while I spent a great deal of time writing this, I know it is going to go relatively unnoticed. For those who do notice I hope next year at this time, you can look back at this post and same damn, that dude was right. Hopefully not, damn that dude was right and I should have listened.
Be well,
Aired
THETA AnalysisTHETAUSD is approaching a crucial point, it will likely break to the upside from this dominant position above the mean trendline of the current run
This breakout theory is exacerbated by the BTC pair which is retesting the top of a falling wedge, which is quite bullish for price and will likely result in a large bounce
I have not looked much into THETA technicals, this is my first analysis of the coin..