TFUEL/USDT is right at the tip of a symmetrical triangle if we look at it on the log chart and currently building support on top of the first big move (green dashed line).
I lean more to the bullish side with this setup but you should also be prepared for a big move down which could move TFUEL to around .7 cents which means that you should either wait for a breakout above the trend line / a breakout on the RSI and / or place a stop loss if you enter now. It's possible to short TFUEL so it doesn't matter if you're a bull or bear, it's worth keeping an eye on this.
Phenomenal risk-reward on this setup.
Best of luck with your trades and let me know what you think!
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TFUEL/BTC 4hr - at the tip of a bull flag and on support, also showing some bullish divergence. Should see a breakout pretty soon: The USDT pair also shows it close to the tip of a falling wedge and sitting above the 4hr 314MA, looks solid:
good Job man, I agree 100% with you
that´s what I am seeing at the moment
Wolfy_
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@ViniciusBaccelli, Thanks mate, appreciate the feedback.
With BTC being all over the place and messing with the USDT value I currently keep an eye on TFUEL/BTC, here's what I'm looking at:
cryptical12
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what is the strong resistance point for this situation ? what do you think about that ?
Wolfy_
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@cagdascanpolat, Hey there! I've drawn the important resistances into the chart for you: