Theta is a decentralized video delivery network that rewards users with cryptocurrency for watching ads. This article will review the technical analysis of THETA and predict future price movements.
The theta news 2021 is a blog post that discusses the future of the cryptocurrency, Theta (THETA).
We utilize historical data, price trends, RSI, and other information about THETA to evaluate the cryptocurrency’s future movement in Theta (THETA) Technical Analysis 2021.
Theta (THETA) is a video streaming network based on the blockchain. Theta mainnet, which was launched in March 2019, is a decentralized network in which users exchange bandwidth and computational resources on a peer-to-peer (P2P) basis. THETA is the company’s own cryptocurrency. It also provides a variety of network governance functions.
Current Market Situation for Theta (THETA)
At the time of writing, the Theta price was trading at $7.87, with a 24-hour trading volume of $409,502,647, according to CoinGecko. THETA, on the other hand, has risen by 5.2 percent in the past 24 hours.
Furthermore, THETA has a total supply of 1,000,000,000 THETA and a circulating supply of 1,000,000,000 THETA. THETA is now available for purchase on Binance, Huobi Global, OKEx, FTX, and Upbit.
2021 Theta Technical Analysis
Theta (THETA) may be pushed to new heights by current advancements and improvements. Let’s take a closer look at the Theta technical analysis for 2021. Below is a weekly time frame chart with two perspectives of the Theta (THETA) pattern.
THETA’s view 1 chart depicts a Bullish flag pattern.
A continuation chart pattern is a bullish channel. Two bullish lines intersect to form a bullish channel. Furthermore, the price moves back and forth between these two parallel trend lines. The higher trend line is referred to as the resistance line, while the lower trend line is referred to as the support line.
THETA’s view 2 chart depicts a Falling Wedge pattern.
Falling Wedge Pattern (THETA/USDT) (Source: TradingView)
THETA’s Falling Wedge Pattern is shown in the graph above. In addition, the Falling Wedge is a bullish pattern that begins broad at the top and narrows as prices fall. However, when the response highs and lows converge, this price action creates a cone that descends.
Both patterns, interestingly, suggest bullish indications. This indicates that the THETA price will rise much higher in the near future, surpassing its all-time high.
MACD, MACD Theta (THETA) RSI, MACD Theta (THETA) RSI, MACD Theta (THETA)
THETA’s Moving Average Convergence/Divergence (MACD) is shown in the chart below. The MACD (blue) performed a crossing and remained slightly above the signal indication, which is noteworthy (orange line). As a result, cryptocurrency traders may anticipate more positive days in the future.
If the MACD starts to move below the signal indication and executes a bearish crossing, on the other hand. The cryptocurrency then has a good chance of hitting fresh lows.
MACD and THETA RSI (Source: TradingView)
Let’s take a look at THETA’s relative strength index (RSI). The RSI stays at 48, as seen in the graph above. This indicates that THETA’s price is almost oversold. This, on the other hand, provides dealers the confidence to trade without fear.
The chart below shows Theta’s Moving Average (MA) and Exponential Moving Average (EMA). Furthermore, MA is a kind of technical analysis that aids traders in identifying patterns. The exponential moving average (EMA) is a kind of moving average.
The THETA price has clearly exhibited numerous bullish patterns since the beginning of 2021. Furthermore, if all of these factors are taken into consideration, THETA may have a competitive market by 2021.
With the continuous development and improvements to the THETA platform. THETA, a cryptocurrency, has a bright future in the crypto industry. THETA, on the other hand, has the potential to reach unprecedented heights.
The bullish price forecast for THETA in 2021 is $15. As previously said, it has the potential to reach tremendous heights, including $50 if investors believe that THETA is a smart investment in 2021.
Where may THETA be purchased?
Binance, Huobi Global, OKEx, FTX, and Upbit are just a few of the crypto exchanges that have THETA listed. In which the cryptocurrency may be exchanged for fiat money, stablecoins, and other cryptocurrencies.
Will THETA soon hit a new ATH?
The THETA platform, with its continuing improvements and upgrades, has a good chance of achieving its ATH shortly.
How does the THETA Network keep its data safe?
THETA employs a cash incentive system to encourage users to participate in governance activities. As a result, the THETA network is protected by its users.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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The theta coin price prediction is a technical analysis for the cryptocurrency, Theta. It offers an overview of the future value of the token in 2021.
Frequently Asked Questions
Is THETA a good investment 2021?
THETA is a good investment.
What will THETA be in 2021?
Theta is a company that specializes in developing and manufacturing drones. They were founded in 2011 and have been producing high-quality products ever since.
Does crypto support THETA?
No, THETA does not support crypto.
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