Theta Moving At Right Track To Reach $50 Within 2021 | If You Don’t Believe Then Watch This Analysis

By moon333 | moon333 | 6 Jan 2021

Hi friends hope you are well and welcome to the new update on Theta coin.

Road map available now:

1st of all I would like to tell you that the road map of Theta coin is finally now available after the tweet by Theta Network as below:

https://twitter.com/Theta_Network/status/1346340449355661312

Ichimoku cloud is strong bullish:

On the weekly chart, the price action is moving above the Ichimoku bullish cloud and the cloud is moved at the level of $1.45. The lagging span is also bullish and the conversion and baselines of the Ichimoku cloud indicator are also strong bullish.

lXBlNPZf

The EMAs:

The exponential moving averages with the time period of 10 and 21 on the daily chart are also strong bullish. And the price line is using these exponential moving averages as support very well before the next bullish move. If the priceline will start a correction then it may re-test the EMA 21 which is at $1.58 at the time of writing.

pMdKTvwQ

The simple moving averages:

The simple moving averages with the time period of 25, 50, 100, and 200 have formed an opened alligator mouth as the smallest time period moving average is above all and the bigger time period moving average is below all. Therefore, unless this alligator’s mouth won’t be closed the bullish rally cannot be ended.

PWf8YJcM

Click here to create an account on Binance, the best place to buy or sell Theta coin

Bull flags:

On the small-time period 4-hour chart, the price action of Theta coin is forming bull flags consistently and as per the sequence of the current bull flag, the next imminent move can be up to $3.1.

VrvFupoM

Click here to create a free account on tradingview to watch and play the chart in realtime

You can also support my work on Patreon for a better trading experience:

https://www.patreon.com/moon333

Conclusion:

The price action of Theta is very strong bullish from short-term to long-term. At the start of the year 2020, the price of Theta was around $0.09 and at the end of 2020, it reached $2. So if this pace will be continued then theta can again surge more than 2600% and reach $50 easily.

Resources