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Theta Network trading signal - THETAUSDT

Altcoin Price Signals and Analysis

Good Evening Traders,

almost at the close of March 22, a Lift-Off, SHORT trading signal was formed on the altcoin Theta Network (THETAUSDT)

THETA against USDT at the moment it is 0.9720 USDT, marking a -7.16%.

It is currently ranked 53rd in the classic by capitalization.

After the FOMC meeting that confirmed the 25bp U.S. interest rate hike, the market showed an initial positive reaction. However, Powell's words subsequently caused the stock markets and BTC to fall, accelerating the decline particularly half an hour before the US market closed.

SP500 - 1.47%
NASDAQ -1.21%
BTC -3.10%

Below is the chart of Theta Network with the signal detected by Lift-Off

Two words about the Theta Network project:

[...]Theta (THETA) is a blockchain-based network specifically dedicated to video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share resources and content on a peer-to-peer (P2P) basis.

Theta features its own native cryptocurrency token, THETA, which performs various tasks within the network and is freely tradable on exchange markets.

The developers say the project aims to shake up the video streaming industry in its current form - centralization, poor infrastructure and high costs mean end users often end up with a poor experience. Likewise, content creators earn less revenue because of the barriers between them and end users.[...]

Source: coinmarketcap.com

Signal board of March 22, 2023

SHORT  THETA NETWORK - THETAUSDT

Input price: 0.972 USDT (or any price if not too far away)

Important:

Please note that the chosen signal has been identified from those detected by the Lift-Off indicator, which you can view in the "Signals" section of our website. However, we will NOT provide any guidance on how to handle the trade.
We recommend that you handle the trades as shown during our professional courses on using the platform, available at the following link: https://it.largetrader.com/eventi