Theta Fuel (TFUEL) Chart Analysis | Consolidation ContinuesTheta 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.
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.
