The probability of further upside following a massive 86,000% return since last March and multiple overbought conditions has reached a limit. The risk / reward now favours sellers.
Why bearish? On the above 4-day chart:
1) Price action has broken the 21-week EMA (yellow line) with a full bodied candle. Price action has also failed to confirm the ascending...
Good morning guys,
TFUEL is the second token on the Theta blockchain that serves as the utility token in decentralized video and data delivery, it also acts as a gas token. This means that it is used to power all operations on the Theta blockchain, like payments to relayers for sharing a video stream, for deploying and interacting with smart contracts, and as...
I mentioned how to spot a bottom based on the volume profile of a trading pair on the Ethereum Classic chart.
The volume was low on ETCUSDT so the picture wasn't clear, we can have a better look at it here.
Theta Fuel vs Tether (TFUELUSDT) Bottom Volume
Looking at the volume for bottom/support confirmation.
If we look from January through March 2022 we...
The price tried to break through 2 lines of strong resistance and 50 MA at once, but both attempts were unsuccessful so far. The price may fall to the lower border of the symmetrical triangle if it fails to close the candle above the 50 MA and the first line of the downtrend
As you all know, TFUEL is not performing well from last 16 weeks and according to the Chart patterns, Ascending TRIANGLE is formed, Breakout formation is also nearly there and also indicators giving bullish signal.
DYOR Before taking trade, as I'm not responsible for your loss.
Market/ BTC CRASH
MID-Term (2 - 8 Months) Trade.
TFUEL daily still intact and DeMark 9
now registers and we may of hit the bottom now.
RSI looks very oversold and very bullish.
TFUEL has already went up 53% in the last
4.5 days and the RSI has barely even moved...
that is a great bullish sign for a nice upside