TFuel - Is it ready for next move?
Hi!
I'm back with another banger TA! Smash the likes and follow for more goody stuff! :=)
TFuel is one my favorite coins to trade and hold. It has been performing spectacularly so far and I have a feeling it will not stop anytime soon.
Fundamental view:
What is coming next? MAINNET 3.0 coming in roughly 12days from now, people loading up THETA and Tfuel for the updated platform that will allow staking Tfuel + some other juicy updates that are bringing future of video streaming industry one step closer. This is making price sky rock and it will not stop anytime soon. THETA in general is getting attracted by large investors and institutions that see the potencial of the theta network. Last news was on CNN featuring THETA in their article was just an ice cream lick for what is about to happen in the future of awareness.
While BTC had a massive correction and now in a HUGE sideways range, THETA and Tfuel performed well regardless of the situation on the market. Every good trader noticed how THETA and Tfuel likes to work inverted to BTC, taking power from BTC and poring it to the one and only project in the market that has real use case and have already established the use case.
IMHO every shakeout of THETA and Tfuel is the opportunity for the bright future, so buckle up and load it in your bag if your not already hodler! It is advisable to stake THETA and soon TFUEL with their Guardian Node and make some bucks on the way to moon. More then 61% of market cap is actually locked in the stake, so this info is more then enough for everyone to understand how well is accepted in the community.
Some stats on THETA network:
Total Accounts: 664,733
Total Validators: 13
Total Guardians: 3,588
Circ Theta Supply: 1,000,000,000
Total Staked: 615,800,152 ( 61.58% )
Technical view:
Tfuel is in a massive 4th wave targeting fib extension prices above 0.847$ and then 0.969$ easily. Looking at fib channel we can see how well it respects the levels and has been holding 0.618 fib on almost every pullback we have seen. At the moment there is possible that we see minor pullback correction towards 0.494 price range as potencial re entry zone on tfuel. Another strong range of support sitting around 0.424. At the moment rejecting 1:1 fib extension as takes part of big profit taking area.
Fib and volume support coming to 0.484-0.494 and 0.4557 as market in the chart (re-entry opportunity):
If the higher areas wont hold I will be looking for possible re-entry target lower: 0.34937 as the finale strong support bounce area with confluence of POC of previous range and Fibonacci 0.611 retracement and speed fan support plus additionally negative -0.236 fib !
Overall chart levels:
Long setup opportunity IF bigger correction, otherwise the targets mentioned above. :
Bonus:
I will keep this chart updated as we go.
What do you think it will happen next?? Tell me in the comments!
Enjoy and hold strong, good things are on the way!
I'm back with another banger TA! Smash the likes and follow for more goody stuff! :=)
TFuel is one my favorite coins to trade and hold. It has been performing spectacularly so far and I have a feeling it will not stop anytime soon.
Fundamental view:
What is coming next? MAINNET 3.0 coming in roughly 12days from now, people loading up THETA and Tfuel for the updated platform that will allow staking Tfuel + some other juicy updates that are bringing future of video streaming industry one step closer. This is making price sky rock and it will not stop anytime soon. THETA in general is getting attracted by large investors and institutions that see the potencial of the theta network. Last news was on CNN featuring THETA in their article was just an ice cream lick for what is about to happen in the future of awareness.
While BTC had a massive correction and now in a HUGE sideways range, THETA and Tfuel performed well regardless of the situation on the market. Every good trader noticed how THETA and Tfuel likes to work inverted to BTC, taking power from BTC and poring it to the one and only project in the market that has real use case and have already established the use case.
IMHO every shakeout of THETA and Tfuel is the opportunity for the bright future, so buckle up and load it in your bag if your not already hodler! It is advisable to stake THETA and soon TFUEL with their Guardian Node and make some bucks on the way to moon. More then 61% of market cap is actually locked in the stake, so this info is more then enough for everyone to understand how well is accepted in the community.
Some stats on THETA network:
Total Accounts: 664,733
Total Validators: 13
Total Guardians: 3,588
Circ Theta Supply: 1,000,000,000
Total Staked: 615,800,152 ( 61.58% )
Technical view:
Tfuel is in a massive 4th wave targeting fib extension prices above 0.847$ and then 0.969$ easily. Looking at fib channel we can see how well it respects the levels and has been holding 0.618 fib on almost every pullback we have seen. At the moment there is possible that we see minor pullback correction towards 0.494 price range as potencial re entry zone on tfuel. Another strong range of support sitting around 0.424. At the moment rejecting 1:1 fib extension as takes part of big profit taking area.
Fib and volume support coming to 0.484-0.494 and 0.4557 as market in the chart (re-entry opportunity):
If the higher areas wont hold I will be looking for possible re-entry target lower: 0.34937 as the finale strong support bounce area with confluence of POC of previous range and Fibonacci 0.611 retracement and speed fan support plus additionally negative -0.236 fib !
Overall chart levels:
Long setup opportunity IF bigger correction, otherwise the targets mentioned above. :
Bonus:
I will keep this chart updated as we go.
What do you think it will happen next?? Tell me in the comments!
Enjoy and hold strong, good things are on the way!
Trade active:
Tfuel looks amazingly strong at the moment. My expectations still to retrace lower, so Im adding another possible re-entry levels in the green zone. Its more aggressive and risky entry.
It depends on the reaction, if its bullish and seems strong its a buy for sure.
It is also possible that we break out higher sonner as there is massive buying power on Tfuel!
It depends on the reaction, if its bullish and seems strong its a buy for sure.
It is also possible that we break out higher sonner as there is massive buying power on Tfuel!
Comment:
We hit entry to few % of a difference, but reaction was bullish in the entry range, congrats to anyone who longed. Already 40% in just few days.