THETA Cryptocurrency Forecast

THETA cryptocurrency upgraded to Hold/Accumulate.
(Updated on Apr 18, 2024)

THETAUSD Signals & Forecast

There are few to no technical positive signals at the moment. The THETA cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $2.22 and $2.73. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -41.77%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for THETA cryptocurrency

THETA finds support from accumulated volume at $1.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.172 between high and low, or 9.09%. For the last week, the cryptocurrency has had daily average volatility of 16.25%.

Our recommended stop-loss: $1.89 (-6.24%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 37 days ago.)

Trading Expectations (THETAUSD) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect THETA to open at $1.99, and during the day (based on 14 day Average True Range), to move between $1.71 and $2.32, which gives a possible trading interval of +/-$0.307 (+/-15.24%) up or down from last closing price. If THETA takes out the full calculated possible swing range there will be an estimated 30.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.93 (4.41%) than the resistance at $2.15 (6.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is THETA cryptocurrency A Buy?

THETA holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.375 Hold/Accumulate Upgraded

Predicted Opening Price for THETA of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.