Hey, friends hope you are well and welcome the new update on Theta coin. In this video you will watch how:
The priceline of Theta followed the previous predictions that I shared with you and so far it has produced more than 295% bullish rally:
Previous ideas:
Click here to visit this old idea on tradingview
Click here to visit this old idea on tradingview
Click here to create an account on Binance, the best place to buy or sell Theta coin
On the daily chart, the priceline of Theta is moving in up channel and at the moment it is hitting the resistance for breakout. The price action has also broken out simple moving averages with a time period of 25, 50, 100, and 200.
On 4 hour chart, the priceline is in a perfect up-trend line and at the top, it formed a Head & Shoulder pattern. But could not break down the support of up trend line.
On the daily chart, the priceline is using EMA 10 and EMA 20 as good support.
For a good exit point, we can use the combination of EMAs, MACD, Stochastic, and momentum indicators. If they will give bearish signals with complete synchronization with each other then it can be taken as a sell signal:
Conclusion:
Even though the priceline of Theta is very strong bullish. But we should keep an eye on the support of up channel and different indicators as mentioned above. If the support will be broken down and indicators will turn bearish then the trend can be changed from bullish to bearish.
