Theta Fuel starts to recover... Late June buy volume started to increase with several days producing high volume.
Today is the last day when buy volume is really high and this happens as TFUELBTC trades above EMA50 and challenges EMA100 as resistance.
The downtrend in the form of a descending channel has been broken.
With the downtrend over, we can look forward to a new uptrend now forming.
It should be easy, high probability, to see this Altcoin pair growing. Easy.
The RSI is super strong with a 67.3 reading on the daily timeframe.
The MACD histogram has been green since late June and the indicator is now trading above zero (bullish zone).
All these signals are pointing to a bullish wave in the weeks ahead. This wave can least a few days just as it can last months.
Sometimes you can see several months of correction deleted in a single day. Other times, we can see sustained but slow growth as prices move ahead.
Regardless of how this one develops, the signals are in.
You can find the targets on the chart.
Remember to do your own research and have your own plan. The charts can always change, without notice. If things change you can either close your position (stop-loss), or decide to wait.
It is up to you what you do. We wait... Focusing on the long-term.
Think long-term.
Namaste.
Comment
⋅
Bullish breakout confirmed... I hope you took the signal!