THETA price analysis: $ 4,500 would be the buy zone

  • The ROSETTA RPC API standard has an implementation of theta on the public theta github.
  • Steve Chen, the co-founder of Theta, compared the token to Youtube, how in 2005 YouTube changed the traditional platform, much like Theta would disrupt the market
  • The RSI oscillator for THETA shows the SELL action.

The token showed the pattern of bullish engulfing. The token has a circulation amount of 1,000,000,000 theta coins and a maximum amount of 1,000,000,000 THETA coins. The last known price of this token is 5.43 and has fallen 12.04% in the last 24 hours. It has a current trading volume of 540,804,042 with a low of 34.60% in the last 24 hours.

THETA has addresses of 32.101 and the active address (es) are unknown in the last 24 hours. The graph above shows the movement of THETA, where 200 DMA ran over it and even DMA-50 was over it by July 24th. We see the token in relation to SMAs that are 20, 50 and 200, and it is SMA-20 that is behind one (SMA-200) SMA but above the other (SMA-50). We are seeing an upward pattern with bullish sentiments leading. The higher highs and lower lows were formed. The marked trend line shows this upward shift and gradual upward movement. The candles forming now will sink below the SMA-200 level and the candles are expected to sink below the SMA of 50 in the coming future. So when you have the returns amassed, sell them as soon as you can.

The top 10 and 20 holders have more than 65% of the shares and the top 50 and 100 have more than 70% which makes the decent supply side of the coin.

There is also an RSI oscillator in the chart, which shows the right time to buy or sell the token. The RSI for the last 5 hours shows the value of 36,100 and marks the sale. MA-5 shows the buy action along with EMA-5, but MA-10 and MA-20 show the sell action. Even the MA-100 and MA-200 show the same buying action. However, the THETA is currently completely set to SELL.

The bull / bear power has the value -0.4235 and shows the sales action. The high / low marks the sell action with the value of -0.1854.

The THETA-BTC pair is at the 0.000149 level and the 8.52% low has been seen while the THETA-ETH pair is at the 0.002521 level and the 5.24% low has been seen in the was seen in the last 24 hours. The volume / market capitalization of the token is 0.0933 and its market dominance is 0.38%.

Graduation: The day range for the coin is 5,287-6,414 and currently stands at 5,499. The coin’s 24-hour high and low are 6.40 and 5.308 respectively. We have observed that the coin, after marking great heights, is now going down and when it hits the level of SMA-50 everything will be ready to buy again, to sell for the time being.

Technical instruments:

Pivot point: 5,390

R-1: 5.452

R-2: 5.490

S-1: 5.328

S-2: 5.290

Note:

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

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