Chart: D1 Frame | Indicators: Ichimoku, Bollinger Bands, Stochastic RSI, MACD
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1. Overall trend:
THETA is falling into a sideways accumulation state, strongly coiling in the 0.66–0.75 range. This type of pattern often leads to a significant breakout, but the direction is not yet clearly defined.
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2. Signals from Ichimoku:
• Price is below the cloud – the main trend is still down.
• The future Kumo is still red and sloping down, not confirming a reversal.
• Chikou Span is still below the price – no reliable breakout signal yet.
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3. Bollinger Bands:
• The Bollinger Bands are tightening significantly, indicating that the market is compressing and waiting for a breakout.
• Price is approaching the middle band, unclear whether buyers or sellers have the advantage.
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4. Stochastic RSI:
• Just fell out of the overbought zone, cutting down → warning of a short-term correction.
• If RSI recovers around the 20 zone, this could be an opportunity to establish a new upward wave.
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5. MACD:
• MACD is below the 0 line but is sloping upwards, with a slight positive histogram → The hidden divergence signal suggests a potential recovery.
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Reference strategy:
• Strong support: 0.66 – holding this area is a condition to expect a breakout.
• Resistance: 0.75 – if broken, the near target is 0.88–0.95.
• Suggested strategy:
• Trade on breakout: Buy when the price closes above 0.75 (with increased volume).
• Cautious bottom fishing: Scale-in around the 0.66–0.68 zone, stop-loss below 0.64.
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Conclusion:
THETA is in the 'calm water, big fish dead' zone. An explosion is certain; the question is whether it will break up or down, and are you prepared with an action plan?
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This article is not investment advice. Trade with strategy and discipline.
