1. Index and parameters:
• Latest price: 1.3426 (+5.37%)
• Highest price in 24 hours: 1.3736
• Lowest price in 24 hours: 1.2649
• 24h volume: 13.65M THETA and 17.91M USDT
2. Technical indicators:
• Bollinger Bands: The current price is approaching the middle band. The Upper Band is at 1.6768 and the Lower Band is at 1.1340.
• MA (Moving Average): MA(5) is 20,869,830 and MA(10) is 16,622,891.3, showing that the short-term trend may be recovering slightly.
• RSI (Relative Strength Index): RSI(6) = 34.8956, RSI(12) = 35.0547, and RSI(24) = 37.4387. The RSI indicators are all below 50, showing that selling pressure is still dominant.
• OBV (On-Balance Volume): Is decreasing, showing that cash inflow is still not strong.
3. Comment:
• THETAUSDT price has increased slightly in the past 24 hours but is still in a long-term downtrend.
• Bollinger Bands show that the price is approaching the resistance level in the middle band. If this level cannot be overcome, the price may turn down.
• RSI is still below 50, showing that selling pressure is still dominant, but if RSI surpasses 50, it could be a sign of a trend change.
4. Suggested Take Profit (TP) and Stop Loss (SL) points:
• Take Profit (TP):
• First level: 1.4863 (area near MA10 resistance)
• Next level: 1.6768 (upper Bollinger Bands resistance)
• Stop Loss (SL):
• First level: 1.2649 (nearest support level)
• Next level: 1.1340 (lower Bollinger Bands support level)
Trading strategies:
• Buy when the price drops near 1.2649 - 1.2700 and set SL at 1.2200 to limit risk.
• Sell when the price rises to the stated resistance levels to take profits.
Note: The cryptocurrency market is very volatile, so constant monitoring and strategy adjustments are necessary.