TFUEL/USDT - major move ahead
Updated
TFUEL/USDT is right at the tip of a symmetrical triangle if we look at it on the log chart and currently building support on top of the first big move (green dashed line).
I lean more to the bullish side with this setup but you should also be prepared for a big move down which could move TFUEL to around .7 cents which means that you should either wait for a breakout above the trend line / a breakout on the RSI and / or place a stop loss if you enter now.
It's possible to short TFUEL so it doesn't matter if you're a bull or bear, it's worth keeping an eye on this.
Phenomenal risk-reward on this setup.
Best of luck with your trades and let me know what you think!
I lean more to the bullish side with this setup but you should also be prepared for a big move down which could move TFUEL to around .7 cents which means that you should either wait for a breakout above the trend line / a breakout on the RSI and / or place a stop loss if you enter now.
It's possible to short TFUEL so it doesn't matter if you're a bull or bear, it's worth keeping an eye on this.
Phenomenal risk-reward on this setup.
Best of luck with your trades and let me know what you think!
Note
TFUEL/BTC 4hr - at the tip of a bull flag and on support, also showing some bullish divergence.Should see a breakout pretty soon:
The USDT pair also shows it close to the tip of a falling wedge and sitting above the 4hr 314MA, looks solid:
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