TFUELBTC is now challenging MA200 after confirming EMA50 as support; This means that the bulls are waking up and getting back into the game.
Most Altcoins peaked in May 2021, TFUELBTC went on to peak in June but the general chart cycle pattern is still the same as others... Correction followed by consolidation, final shakeout/stop-loss hunt followed by bullish jump.
We've gone through the correction. We've gone through the consolidation. We had a shakeout recently... It is now the bulls turn.
Note: These are the conditions for change.
If TFUELBTC moves below the "stop-loss" line on the chart, this analysis is invalidated.
Any trading above EMA10 & EMA50 (green and magenta lines on the hart) and we remain strongly bullish.
Once MA200 is conquered, we expect fast/strong growth. MA200 is the black line on the chart.
This is my chart on TFUEL/BTC very good set up…