Previous idea of Tfuel with US Dollar pair:
Now if we take a look at the Tfuel with Bitcoin pair’s move idea then the priceline moved up from potential reversal zone and after more than 50% rally it is dropped down again in the PRZ level. Therefore this trade is still in progress and hope it will be executed successfully very soon.
Previous idea of Tfuel with Bitcoin pair:
Recently the price action broke down the 100 support for a while. This moving average is working as a very strong support since after may 2020. This was for the first time that the price action broke down this level but soon of Tfuel started moving above the 100 . Now finally the price action has broken out the 25, 50, and 100 simple moving averages at the same time. We also have a long-term support of 200 at a very long distance below the price action.
The different levels:
Now if we take a look at the Theta fuel with US dollar pair again. Then after more than 108% rally the price action of Tfuel was moved down again in the potential reversal zone of the . And after retesting the previous support at $0.008 recently it was moving within $0. 01 to $0.008 level. Finally it has broken out the $0. 01 level again. Now it can re-test the previous resistance of one cent as support and move up to the next resistance at $0.013.
Now if we switch to the long-term weekly chart then the price action of the Theta fuel with US Dollar pair has again formed and another very big pattern and entered in the potential reversal zone. The buying and sell targets as per Fibonacci sequence of the can be as below:
The priceline of Theta fuel is forming the different moves with Bitcoin and US Dollar pairs as well. In the meanwhile, we also have a significant event of test net smart contracts expected on 30th September. This even can be also helpful for Tfuel’s price action to achieve these targets. The price action might hit these sell targets before or after this event. This time the Tfuel has again the potential to produce up to 250% rally.