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pollux3000

TFUEL breaking up

Long
Theta Fuel / TetherUS (BINANCE:TFUELUSDT)  
pollux3000 Updated   
BINANCE:TFUELUSDT   Theta Fuel / TetherUS
Chart Patterns Trend Analysis
5
0
chartpattern trendanalysis
Following the THETAUSDT trade setup the second token of this project is breaking up

Theta Trade setup

More info to come
Comment:
Weekly: long term analysis

Theta Fuel (TFuel) is the native cryptocurrency of the Theta Network.
Setup is very similar to the THETA one I published some time ago and linked in the above post.

After a 95% decrease since the last ATH, TFUEL built a strong and clear horizontal support at the 0,03$ level.

Prices have evolved in a clear range since almost one year ago. Today TFUEL is attempting to break the resistance and might follow THETA strong upward movement we saw these last days.

Strategy
Buy signal on the clear breakout of the 0,064 horizontal resistance line with significant volume which is happening today.

- Objective 1: Next resistance and range swing move target at 0,138$ (+100%)
- Objective 2: Next resistance near ATH 0,392$ (+450%)
- Then trend following strategy

Invalidation
Mental Stop: just below the latest swing low within the range at 0,04$.
This setup proposes a nice Risk Reward.

If prices retrace to this stop level we will wait for the weekly closing price then set a Stop loss ¼ or Risk below the weekly close price.
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