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Theta Network is the next-generation media, AI, and entertainment-focused blockchain. Theta Web3 infrastructure enables existing video and media platforms to generate revenues and reduce content delivery costs. Theta is fully compatible with EVM and Ethereum smart contracts
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $2.790
Kijun-Sen- $2.60
THETAUSD was one of the best performers today.
Any daily close above $3.40 confirms further bullishness.
THETAUSD showed a massive jump of more than 50% for the day. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $3.37 and is currently trading around $3.08.
The bullish invalidation can happen if the pair closes below $1.75. On the lower side, the near-term support is $2.79. Any break below targets $2.25/$1.70. significant downtrend if it breaks $1.70.
The immediate resistance stands at around $3.40. Any breach above confirms a minor pullback. A jump to $4/$5 is possible. A surge past $5 will take it to $6.
It is good to buy on dips around $2.50 with SL around $1.70 for TP of $4.
