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Thetatv

📹THETA- Squeeze is coming, 200EMA chopThe price is consolidating on 200EMA/node of big volume in an ascending triangle formation, preparing for a next move. It is additionally supported by nearby (and recently touched) zone of support(green) and dynamic support(orange). If this time THETA could break dynamic resistance (blue dashed) and key level resistance (7.25) we could then hope for some consolidation under major resistance, which could lead to a breakout, and possibly the beginning of a new uptrend. But it's too early to speculate, for now the ultimate goal is to break local resistances. Entry: buy at current price Targets: 7.25 7.59 8.32 9.93 11.01 13.22 14.97 15.91 --------------- About THETA: Theta (THETA) is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch. Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes. Developers say that the project aims to shake up the video streaming industry in its current form — centralization, poor infrastructure and high costs mean that end users often end up with a poor experience. Content creators likewise earn less revenue due to the barriers between them and end users. Source: coinmarketcap
Long
by V0VOLAN
2
Theta Looking for a Rebound!!?Theta has been steady rising since the end of september but currently is feeling the heat like the majority of the market due to BTC slightly dropping! We are currently approaching a very heavy support zone and i think it is pretty likely that we get a bounce coming up soon, first we have the support coming from the midline on the bollinger bands, then we have uptrend support coming from the end of september, then support at 6.9$ (USD), likely support at 6.7$ but don't wanna cram the chart, we got the 0.2 FIB level (heavy) and finally very heavy support at 6.1$. So as you can tell we have a ton of big support zones coming up soon so there is a good chance we do see a rebound off one of them, of course though if BTC decided to spike down Theta would likely fall sharply aswell. The MACD isn't looking fantastic, we are seeing a bit of separation right off the bat with the orange MA starting to trail off from the Blue, we want to see the blue stick close to the orange and ultimately get that bullish cross, being too far spread out means it will take a ton more for us to actually get the bull cross, now the histogram is on its second red bar in a row and it has grown bigger from yesterdays and thats not a great sign it shows the bears momentum is increasing but ideally we want to see the bars flatten out and eventually shrink day to day all the way to the midline where we are going to then enter the green zone. Part of the reason i think we are due for a bounce is because on the RSI we also have very heavy support that we are actually currently rebounding off of, we are curling upwards off the first support line we have drawn and then even if we do see more downside we have strong uptrend support and then the midline just below that! Very good chance we see this rebound happen either now on the RSI or when we breakdown to the second and third support levels. The most important thing on the RSI is that we remain above the midline and don't fall below and get stuck underneath, this would put us in a confirmed downtrend and of course that would not be great so we must stay above this level and remain in an uptrend! Not financial advice just my opinion!
Long
by JacobR905
1