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TFUEL Strong Consolidation Continues, Jump Anytime

Long
BINANCE:TFUELBTC   Theta Fuel / Bitcoin
Strong consolidation continues to take place on the TFUELBTC (Theta Fuel) altcoin trading pair.

After the May peak, prices went on to correct and test EMA50 and EMA100 as support.

The other EMAs; EMA200, EMA300, and MA200 were never tested which is a signal of strength.

Now, TFUELBTC is trading safely above all EMA's with bullish indicators...
A strong price jump can happen anytime.

Conditions for change
This chart is strongly bullish but things can change fast when it comes to altcoins and cryptocurrency.

If prices drop and close below EMA100 (0.00000085), we will see lower prices and MA200 (0.00000069) tested as support.

Any trading above MA200 and we stay strongly bullish .
If MA200 breaks, we will see lower prices.

Namaste.
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Comments

Hi mate! very accurate. thanks for sharing!! 🦐
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VeryNiceWork
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