Theta Network (THETA) | Price Prediction & Technical Analysis feat. Crypto Chester
I’m here today to give you an update on
Theta as you can see here guys we’re
going to be going through theeta from a
technical analysis perspective we’re
going to be going through potential
buying areas we are also going to be
going through some insane price
predictions for Theta to see how high
this could be going in the next 6 to 12
months or so so starting off with just
General market structure for this asset
on The Daily what can we see okay so we
can see that the higher high that we
have currently set here for this asset
in this current run is uh currently set
around $380 currently trading around
$239 so uh from that high we have seen a
a retracement of
around it’s around 38% absolutely fine
guys this is going to happen throughout
throughout this um throughout this
amazing bull market here essentially
it’s just buying areas but the reason
why I’m doing this video today is
because we’re actually getting very
close to a potential breakout Zone okay
a breakout Zone which uh I’m going to be
trading and I just wanted to Showcase to
you guys so you can obviously go do your
own research I’m not a financial advisor
and you could potentially be trading as
well okay so in terms of Market
structure which is where we were going
to start let’s talk about higher lows
okay the higher low Market structure
that we have got are these lovely little
yellow lines here okay this is where
we’ve had a significant move and then a
pullback and then we break that high to
confirm that higher low now as you can
see 1.71 is that higher low point that
we did see there we did see the higher
high get set and then we had an
unconfirmed higher low at around
$2.39 unconfirmed the reason why is
because we didn’t break this high again
after setting this pullback so what can
we do now guys
unfortunately we’re going to delete that
because it it never got confirmed okay
it never got confirmed and we broke that
low okay now currently we have tested
the most recent High low for this asset
so overall the synopsis of this chart is
still bullish we we’re respecting high
lows it’s still technically a bullish
chart here looking pretty good from a
market structure standpoint and this
does bring me on to this giant juicy
profitable lucrative chart pattern and
that is going to be this uh this falling
parallel Channel this lovely juicy bull
flag at the top of the uptrend and these
T to usually mean you guessed it
continuation to the upside a nice
breakout scenario for us to be
capitalizing on now you ask me how high
can this go how much money can I make
let’s do a measure move here and let’s
see what we’re working with here so this
would be the measure move just going
from the bottom of the channel to the
top of the channel and then we’re going
to be dragging that to a potential
breakout Point okay this breakout is
pretty godd damn juicy okay it’s going
to be worth around 23% to the upside and
now let’s talk Fibonacci baby let’s talk
Fibonacci because you can see there let
me just get rid of that measure move for
a second second the 0.382 Fibonacci
retracement is currently sat at around
$257 now if we look at the breakout
scenario here that is slightly above our
breakout scenario so what are we looking
for we’re looking for a candle body
close above the
0.382 and that will tend to usually give
us a nice gentle move to the upside okay
now let’s be safe with this let’s be uh
be reserved because we need to bank as
much money as possible and that involves
basically staggering you take profits as
you are having that move to the upside
okay so what are we looking for for an
entry point we’re looking for candle
body close above the 0.382 let’s look at
previous history candle body close above
the 0.382 nice move to the upside really
really clean you can see here we did see
this candle body close in the downtrend
okay in the pullback so uh not that
valid um as you can see we are breaking
to the upside here so that is why it is
valid and um you can see nice move to
the upside from that point okay so uh
yeah that’s going to be the entry Point
let’s look at potential TPS
here first TP very very simple very very
obvious here guys you can see the Wicks
from this line okay you can see candle
body close straight up to here Wicked it
Wicked it broke it okay you can see Wick
Wick levels of support continuously
testing this Zone okay so this is going
to be our first TP it’s not going to be
huge okay it’s not going to be huge it’s
probably going to be around 4% I mean
it’s pretty goddamn good 4% it’s pretty
lovely but um definitely a definitely a
point to really be looking out for there
for a first TP and then basically just
going to be staggering those TPS all the
way up here uh throughout this move
basically getting as many touches as
possible because the reason why we do
this guys is because yes it’s a bull
flag yes it’s very bullish yes it looks
really really really good here for a
nice big long position but you got to be
taking profit you’ve got to be banking
banking that money all the way up
otherwise you’re going to get reversed
on okay this could be a trap okay could
be a trap and you don’t want to be
involved with that okay so what what
we’re going to do here we’re going to
enter our position yes we would love to
go for 23% but let’s be safe let’s be
cautious because it’s one in three one
in three chance that this measure move
actually gets completed that’s not great
odds okay um when when you’re dealing
with um maybe High leverage or or just
money in general okay so what we’re sort
of looking for here is essentially first
TP hit stop loss to entry once we do
that we’re basically in this trade we’ve
already hit TP we’ve taken out 25% of
our equity and our stop loss is at entry
and we’re sort of just sat there like oh
well now I’m in a now I’m in a risk-free
trade this is this is a win okay I’m
chill it’s is a risk-free position like
that’s that’s that’s what you want to be
in there so yeah that’s what I would say
about Theta here that’s the position I’m
going for over the next sort of um
probably two three days or so depending
on the price action for this asset I
mean hey even if we do see reversals
coming down from this area from the
resistance point which we have seen
before guys it’s absolutely fine for
this to happen if it does happen just
going to sit there we’re going to be
patient we’re going to mark it on our
watch list and we’re going to be waiting
patiently for this position to um to be
happening because it’s look looking
pretty goddamn juicy and again we’re are
still in a bullish market now in terms
of buying Zone in terms of holding this
for the next 6 to 12
months if you are looking for a strategy
like that then um this is sort of what I
would be saying here guys I would
potentially be waiting for a test of a
around this area it’s still sort of
Uncertain right now what Al what alts
altcoins are essentially going to be
doing um in reference to the Bitcoin
harving in reference to previous price
action reference to many many things has
alt season started yet are we going to
be waiting until October like this year
for it to start there’s many many
different um factors in play here as to
what alss are currently doing and a lot
of them are breaking Market structure
right now which is worrying this is not
breaking Market structure right now it’s
actually respecting it which is very
bullish and it’s very very good but what
I would say in terms of a buying zone
for this asset I’d be waiting patiently
to come down to this area because even
if we do see a lovely break to the
upside guys we’re likely to come back
down and see a nice volatile Wick to
this uh to this IO again I really really
wouldn’t be surprised at all especially
with all the fundamental things going on
around the world war unfortunately but
um all it takes is
one one event to happen and uh we see a
massive crash in the market so I would
be layering some limit orders here for a
nice buy and then uh be holding it for
the next 6 to 12 months now let’s get a
price prediction for previous all-time
highs for Theta to see if um if you were
to hold it from this limit order buy
Zone that we just discussed all the way
up
to excuse me you guessed it alltime
highs for this asset so what we’re going
to do here all-time highs for this asset
currently around
$13.4 which is over a 10x but now let’s
look at market cap and let’s see what
the market cap was and the market cap
was roughly around 13 billion currently
trading around 12 billion yeah so it
looks like they haven’t actually um oh
no it’s 100% circulating Supply is
already on the market which is a very
good sign guys because usually in a bare
Market you see quite a few quite a few
of these altcoins just distribute more
Supply out because they’ve got some uh
left in the tank but um you can see here
Theta doesn’t have that they’ve got 100%
circulating Supply very very very
bullish to see that and basically that
gives us a price prediction of the
previous all-time high yes we could
break alltime highs guys we could and
it’s very likely that we do but let’s be
conservative here okay let’s be
conservative and just just use this as
um as a guidance here so around
$13 and uh 40 did it say yeah $1
1343 so let’s go to our chart and let’s
get a price range from our buy Zone that
we were just discussing there at the at
the market structure higher low to
$13.44 get it right let’s see how much
money how many gains in terms of
percentages in terms of x’s we could
make here just holding this asset so you
can see it is going to be around a
7.7x on your
investment pretty godamn juicy in my
opinion very very insane here um looking
really really really strong here for
this asset to to actually get to those
levels yes it might take a bit of time
you need to be patient but again this is
a hoddle strategy 6 to 12 months hold
your hands up relax go to Barbados and
sit and have a strawberry D or whatever
you do with your life um just relax
basically and um and you you’re you’re
you’re very likely to make the money
obviously I’m not a financial advisor do
your own research but um yeah very very
easy investment strategy for the next
six to 12 months maybe 18 months who
knows yeah good stuff right that is
going to be your update on theeta hope
you enjoyed it guys make sure you drop a
like if you did and again if you’re
holding theeta if you love this asset
make sure you let me know in the
comments section I’m very intrigued to
see what do you think of this asset what
you think of my ta as well so yeah and
also if you like the content smash a
like on It smash a subscribe on it and
also um turn the notification Bell on
you’re never going to miss one of my
uploads it’s as simple as that but yeah
that’s going to be it for me peace out
I’ll see you in the next one
Theta Network (THETA) price has increased today.
The price of Theta Network (THETA) is $2.35 today with a 24-hour trading volume of $55,974,279.46. This represents a 1.11% price increase in the last 24 hours and a 14.38% price increase in the past 7 days. With a circulating supply of 1 Billion THETA, Theta Network is valued at a market cap of $2,348,613,524.
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1 Comment
Theta going to 35$