Theta Fuel (TFUEL) Chart Analysis | Consolidation Continues
Updated
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.
* We are bullish on TFUELBTC as long as prices remain above EMA200/300 and MA200. (Green arrow)
* We go bearish, lower prices if TFUELBTC breaks below MA200 at 0.00000054 satoshis (red arrows).
Pretty simple.
Namaste.
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.
- Currently, prices are trading below EMA10, EMA50, and EMA100 but staying above EMA200, EMA300, and MA200.
- Since TFUELBTC is staying above the major EMAs/MA200, the doors are open for growth.
* We are bullish on TFUELBTC as long as prices remain above EMA200/300 and MA200. (Green arrow)
* We go bearish, lower prices if TFUELBTC breaks below MA200 at 0.00000054 satoshis (red arrows).
Pretty simple.
Namaste.
Note
Tfuel is starting to gain momentum...
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