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THETA Price Analysis: Upcoming time would not be showing hike

THETA
  • The 24 hours trading volume of the token is 337,315,340 and the gain of 26.68% was seen. The live price of XLM is $4.37
  • The token has shown the pattern of a bullish doji star.
  • The RSI oscillator for THETA shows the BUY action.
Tradingview

The THETA has been running well below its 200 days moving average and also below its 50 days moving average. The chart above shows the movement of the token with respect to SMA-20, SMA-50 and SMA-200. SMA-20 is lower than the other two but  the candles forming are touching SMA-50. SMA-50 was achievable at times but not SMA-200. The trendline marked in the chart shows the movement of SMA-20 below SMA-50 and it is expected that the candles would sink now. 

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 52.248 and marks the neutral action. MA-5, MA-10 and MA-20 show the buy action. However, the THETA at present is all set to sell as the returns are maximum at now. Holding it for a bit longer would be risky.

The bull/bear power has the value of 0.3501 and shows the buy action. The high/low marks the neutral action with the value of 0.00.

The THETA-BTC pair is trailing at the level of 0.0001397 and the gain of 4.39% was seen whereas the THETA-ETH pair is trailing at the level of 0.002194 and the gain by 2.96% was seen in the last 24 hours. The token has shown the percentage gain by 8.96% since yesterday’s open.

The volume/market cap of the token is 0.07765 and its market dominance is 0.33%.

Conclusion: The days range for the coin is 3.970400-4.598900 and presently is at 4.343. The token is expected to show fall in the coming time but could also move higher and if you wish to purchase this token then long it as SMA-20 is below SMA-50 and 200. If you have already purchased the token then sell it if you have attained the decent returns.

Technical Instruments:

Pivot: 4.355600

R-1: 4.446134

R-2: 4.502066

S-1: 4.265066

S-2: 4.209134

Note:

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