priyanshux

Last chance to buy TFUEL at cheap before takeoff

Long
priyanshux Updated   
BINANCE:TFUELUSDT   Theta Fuel / TetherUS
Stoch RSI of 1H, 4H, 1D all sit at the bottom. EMA 12 on one day and a rising wedge acting as a strong support as of now. Price touching the bottom of BB is yet another good signal.
Daily RSI haven't crossed 80 since March and currently sitting at just 55. It should easily cross 80 before its peak and might even touch 90, sometime before June 30. All things considered, this is a good time to make an entry.

If price drops further, EMA26 on 1D will be my new support since it bounced back the last time.

I have 4 targets in mind and hopeful about TFUEL reaching the first two at least.

Target 1 - 0.845
Target 2 - 0.995
Target 3 - 1.10
Target 4 - 1.30

Note that this analysis relies more on fundamentals than technicals. TFUEL is expected to takeoff because of Mainnnet 3.0 on June 30. DYOR.
Comment:
China FUD, but don't panic sell. TFUEL will be back up in 2 days. Buy more if you can or else HODL.
Comment:
Very surprised to not see any pump. But that's alright, some days you win some days the market wins.

Still haven't sold any TFUEL or THETA. Mainnet 3.0 was a big success, 1.5 billion TFUEL already staked, Katy Perry announced as a partnership, and more to come. Under ideal circumstances, we should see a bullish July.
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