THETA coin Price Analysis: If SMA-50 could not provide support then $6.372 would be the level THETA could hit.

  • Theta was co-founded by Mitch Liu and Jieyi Long in 2018.
  • The 24 hours blocks/Transactions is 13,960/24,215 THETA.
  • RSI for THETA shows the NEUTRAL action.
Tradingview

The token has been forming the pattern of engulfing bearish. THETA has been sinking since 13 August and sank by 2.41% on Saturday. Following a 1.58% fall on Friday, THETA ended the day at 7.22. The last known price of this coin is 7.1598. 

A mixed start for the day saw THETA fall to an early morning intraday low of $7.089 (Till time) and it could sink more and mark an intraday low in the coming time.

It has the current trading volume(s) of 379,615,454 with a gain of 7.01% over the last 24 hours. 

THETA has total staked nodes of 3702 with staked percentage of 68.74. 

https://themarketperiodical.com/
THETA blockchain 14 Days history

The total elite nodes are 8577 and TFUEL staked are 42.53%

The circulating supply of tokens is 1,000,000,000 THETA coins and a max. supply of 1,000,000,000 THETA coins.

SMA-20, SMA-50 and SMA-200

The chart above shows the movement of THETA where 20 SMA have been running above SMA-200 and SMA-50. We see the token with respect to SMA’s which are 20, 50 and 200. We see that SMA-20 and SMA-50 are closely in contact. Such situations result in a hike in price.  

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 45.755 and marks the neutral action. MA-5 and MA-10 show the sell action and even MA-20 shows the sell action whereas MA-100 and MA-200 show the buy action. However, the THETA at present is all set to buy for intraday trading.

The bull/bear power has the value of -0.0492 and shows the sell action. The high/low marks the sell action with the value of -0.0116.

The THETA-BTC pair is trailing at the level of 0.0001539 and the loss of 0.16% was seen whereas the THETA-ETH pair is at 0.002215 and the low of 0.82% was seen in the last 24 hours. The volume/market cap of the token is 0.05351 and its market dominance is 0.36%.

Conclusion: 

The two SMA’s are placed at a single point and such conditions represent that profits might come in the coming time. So, if one wants to enter THETA then long now. However, the token does not show a hike early but it is expected to show anytime in near future.

The days range for the coin is 7.00-7.58 and presently is at 7.101. The 24 hours high and low of the coin is 7.59 and 7.03 respectively.

The THETA ATH is 15.90 and ATL is 0.039. 

THETA ROI (approximate return on investment if purchased at the time of launch) is 4575.18%. This is just an assumption. Long the token by the decision of your own thoughts.

Technical Instruments:

Pivot: 7.165

R-1: 7.2192

R-2: 7.2524

S-1: 7.1121

S-2: 7.0789

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour