Hello, I am updating my first ever idea on THETA. This is my idea based on the technical analysis and what I know about it's fundamentals. Since I have been following THETA, it has had a massive growth and I actually I rate it as one of the best fundamental projects I have been into recently, I recommend you to check it. Many people booked some profit (also some of the events were delayed) and as we can see it has been following quite a small downtrend. But If you look at the indicators, and also the formed, it seems as THETA looks quite bullish right now and it actually is bullish for short and for long if you hold a big bag of it.
In my analysis I have mentioned the trend in the short term. If the trend jumps from the red line, it will be bullish for short, so there is the area for SL if you have bought or if you are willing to buy, just be careful, it has to jump from the red line.
The 2 TP (13.8 - 14.8) are mentioned in the area there quite as the SL(12.3). Personally I see a good profit from 10%-30% in THETA in the short term and if the trend continues sideways in between the TP, we could see new support being formed there and another uptrend soon.
Do your own research too. And be as profitable as possible. :) If you have any comment or any other idea, it would be really helpful. :)
In my analysis I have mentioned the trend in the short term. If the trend jumps from the red line, it will be bullish for short, so there is the area for SL if you have bought or if you are willing to buy, just be careful, it has to jump from the red line.
The 2 TP (13.8 - 14.8) are mentioned in the area there quite as the SL(12.3). Personally I see a good profit from 10%-30% in THETA in the short term and if the trend continues sideways in between the TP, we could see new support being formed there and another uptrend soon.
Do your own research too. And be as profitable as possible. :) If you have any comment or any other idea, it would be really helpful. :)
Comment:
In the long term, I see it in May making a very bullish trend. We have to wait until then. For now, this probably will be profitable. :)
Trade closed: target reached:
First TP - 13.8 reached in 4 hours. :)
Comment:
Trend did not continue, bounced off the second support, if it does not hold, the trend will continue to the 8-9$ area.