We have the usual pattern that we are taking as proof that a bottom/low has been set.
This is Theta Fuel (TFUELBTC) and we notice the usual low 12-May, lower low 13-June and then bullish action ensues.
We get the "W pattern", bullish divergence, etc.
As for TFUELBTC, we can see prices trading above EMA50 which means strongly bullish.
The light blue space is...
We are tracking Theta Fuel (TFUEL) and it continues on the bullish side.
We see prices being support by the EMA100 blue line and getting ready to grow.
The MACD is sitting quietly on the bullish side (above 0) while the RSI has gone above 58; really good.
Additional details on the chart.
TFUELBTC is now challenging MA200 after confirming EMA50 as support; This means that the bulls are waking up and getting back into the game.
Most Altcoins peaked in May 2021, TFUELBTC went on to peak in June but the general chart cycle pattern is still the same as others... Correction followed by consolidation, final shakeout/stop-loss hunt followed by bullish...
Something to watch as its crossing above ~600 sats w/ UCTS 1D Buy signal and increasing volume..
Based on current market status it could easily go back to prior monthly high at ~900 sats
TD9 on the daily tho, so easy, it may do some weird stuff prior going up
A bottom pattern is forming on the TFUELBTC chart.
Notice how similar the action is today compared to April 2021 before the bullish jump.
This pattern can lead to additional growth.
We also have bullish indicators.
Multiple targets are mapped on the chart.
TFUEL has been waiting a long time.TFUEL has been waiting a long time. I tried to buy it at the price of IDR 4855. Even if it goes down, my prediction is that TFUEL will break out on August 30, 2021. Soon :D
TFUELBTC could retest 0.0000084 after the price created a double TOP on daily timeframe.
If the price will lose the current support, According to Plancton's strategy (check our Academy), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
We are forming a symmetrical triangle that would be a sign of a continuation to test the ATH, if it breaks to the triangle's resistance with not insignificant volume. It need not return to test the breakout as support, though it could do so anyway.
Naturally, coming up to ATH will only result in a break into new ATHs if Bitcoin continues to extend its bull market....
Nice break through the 0.5 fib for $tfuel and candles above. Seems like ready to test and break the 0.382 as well! You could enter for a 5 to 7 % profit if it reaches 0.382 (1455 sat) and sell and wait if breaks higher, or hold and sell if it falls through 0.5 again
$TFUEL retesting the 0.5 fib level , after going under and over. With small alt season in play, and a positive test of 0,5 this could mean another good bounce from TFUEL. Conservative is entry after bounce (up from 1296), aggressive would be buy now or when touching the 0,5. Its also in support zone, just above 0,5. So multiple indicators.
Waiting for retest of fib 382, good entry coming up. The down movement seems to level out a bit, hopefully hovering above 382 then for leg up again. Let me know your thougts ! Still learning this TA stuff, difficult now with BTC playing round but $TFUEL was very strong last week , seems not moved by BTC , so feedback / comments are appreciated!