Theta Fuel (TFUELBTC) had a very strong run in May, which is clearly visible on this chart.
After prices peaked on the 24-May, we saw a strong correction followed by a long consolidation period...
We have multiple bullish signals developing, let's look at those.
Prices bounced off EMA50 and moved as low as EMA200 on low volume but with little change.
TFUEL is ready for another ride!
Refuel your TFUEL!
Now in consolidation and at the end of the pennant almost , we can see TFUEL is now in accumulation and can breakout of the pennant anytime soon !
IF we can breakout, we can expect another Bull run by TFUEL. The last run was over 1000%. But we except and want to be realistic and not live on moon.
New pump coin Binance. There was no coin pumping yet.
Target are all on the chart.
All target are conditional, like this is a new coin without history, the price is satoshny, there are few exchanges, which makes it easy to manage the price.
Before entering the market, be sure to look at the order book of orders and observe for some time the history of...
-multiple rejections by the 50D MA as the price unable to break above it
-currently holding still the .618 fib support level
-this is very crucial for TFUEL because the more the support is tested
-the more it gets weaker in the long run & if this level of support will fail
-the downside target is .786 down to swing low at 67 sat
Potential reversal or buying zone: 0.00000115 to 0.00000072 btc (This should be stop loss as well)
Fibonacci projection or sell zone: 0.00000148 to 0.00000226 btc
Atif Akbar (moon333)
Profits with some cryptocurrencies are a little bit elusive, not long ago I was so happy to see my money
grow so fast that I took a screenshot instead of taking some money out.
The time the screenshot took took me to capture the rare event, it was enough for me to see 100 Sats...
vanish up in the air without any stop, none whatsoever.
Again, well over one week...
Here is a chart setup that I don't usually share/trade... Looking to catch the 'bounce'.
Theta Fuel (TFUELBTC) printed a strong correction that lost momentum on the way down and stopped at EMA50, which is also just below the 0.786 Fib. retracement support for the last strong wave.
This is an important support level so a bounce here can take place.
The risk here...
Virtual money has high profits and high RISK. THIS IS NOT AN INVESTMENT PROPOSAL. My personal opinion.
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