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PolarHusk
Sep 22, 2020 1:18 PM

TFUEL/BTC (Complex Pattern, Wait for Breakout Direction) 

Theta Fuel / BitcoinBinance

Description

💎Technical Analysis Summary💎


BINANCE: TFUELBTC


-Theta Fuel is on a sideways action since June
-We can see a lot of choppy action to the upside & downside
-I have highlighted key areas of support and resistance
-TFUEL is trading inside a complex ascending channel
-It is hard to trade inside this range
-So I recommend waiting for a proper breakout direction
-If the price breaks down, the 66 sat range is a good rebuy
-Or if the resistance is broken, a pullback enter is ideal above 97 sat
-Please don't jump into the trade without a trading plan
-Be patient or look for another Altcoins with a good market structure




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Comments
Sletskebar7
It’s moving. If it closes on the daily >98, we have a positive breakout of the sidewards channel. What do you think?
Kiwicam007
It's looking good
PolarHusk
@Kiwicam007, thanks!
DragonCaptain
As usual you the best, excellent word.
Keep it up!
PolarHusk
@DragonCaptain, thanks a lot! :)
crypt0analyst_
bullish!!
PolarHusk
@crypt0analyst_, thanks! :)
Sletskebar7
Perfect analysis, I’m going long since the last support. Had a little profit during the last peak. Accumulated last week (to early, I know, emotions decided not to wait 😏) Let’s see if it breaks the sidewards channel. 🤞🏻
PolarHusk
@Sletskebar7, thanks for support! :)
KaltoireCapital
Informative analysis, very useful.
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