TFUEL godlike entry in giant formationTFUEL (THETA's sub-coin) is in a huge ascending triangle formation. It may take a while until we see some nice moves here, but if you believe in theta fundamentals, this might be a perfect buy opportunity for long-term hold.
Short-term targets only:
TP1: 0.3873
TP2: 0.4619
TP3: 0.5756
SL: Manual sell if needed- no stop loss as long as btc and overall market structure stays bullish
Tfuel
TFUEL formed bullish Shark for upto 53% moveHi dear friends, hope you are well and welcome to the new update on Theta fuel (TFUEL).
Tfuel is holding a nice trendline support:
At the same time the price action of TFUEL on daily time frame chart has formed a bullish harmonic Shark pattern as well.
Buying and sell targets:
Buy between: $0.4281 to $0.3808
Sell between: $0.4790 to $0.5829
Stop loss:
The maximum extent of potential reversal zone $0.3808 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 53% and a loss possibility is 11.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
TFUEL/USDT . Likely bounceTFUEL/USDT . entering a good buying zone to accumulate..
After it rallied around 80% . TFUEL finally got pullback to fib 0.5 - 0.618
I think this is a good opportunity to enter.. because the 4H RSI is still at low point too.
I got my position at 0.289 (spot trading), and i'm holding it for mid-term target.
TP target is following my drawline.
waddya think?
*not financial advice
Trade strategy for TFUEL in weeks ahead.TFUEL completed a BAT pattern and breakout.
as shown on the chart we can see both HD+ and RD+
divergences on MACD and it is likely that TFUEL is
in a position to continue moving up. while weekly momentum
is bullish and daily momentum approaching oversold (OS) zone
the next daily momentum reversal could be a good opportunity
for bulls and also as a target top of channel could be a reasonable
target that it is overlap with BAT pattern PRZ.
Possible Flag Formation! Upcoming PerspectivesA week has passed since Bitcoin bounced off the 28,805 USDT.
Over the past month, it has been noticed that TFUEL is weakly dependent on Bitcoin. However, the fall of Bitcoin to the next support level, combined with the TFUEL downtrend, resulted in a strong drawdown in its price.
Today, supply and demand of TFUEL have been slightly balanced. Presumably, this is due to the fact that stop-loss orders were activated at the level of about 0.36 USDT and a large amount of TFUEL was sold. Then the TFUEL price touched the possible strong support level.
I see two possible development scenarios.
The first scenario (dashed line). TFUEL will bounce off the 0.35 USDT level and head above the 0.70 USDT level, forming a flag. The possibility of this scenario will increase in the case of a stable, durable Bitcoin uptrend, as I described in my last BTCUSDT idea.
The second scenario (dotted lines). TFUEL will drop to 0.25 USDT and then head to the level above 0.70 USDT, also forming a flag.
Both scenarios are highly possible to happen, especially given the recent launch of Theta MainNet 3.0 and the good Theta Network ecosystem. The main threat to the scenarios is the sharp drop in Bitcoin. There is a possibility that a large volume of sell orders will not have time to dissipate in the case of the continuation of the Bitcoin downtrend. However, don't forget the positive impact of good news!
The idea will be invalidated in the case of a strong deviation from the intended paths or in the event of a price drop below 0.25 USDT.
What do you think about that? Any opinion is appreciated. Comments give me the opportunity to look at situations from different angles.
Not investment advice.
TFUEL ENTERED BUY ZONE JULY 5th #BTC ACTING AS ANCHORGood day, my crypto friends. Have you heard about #TFUEL or #THETA lately? Overlooked it perhaps?
In the News:
July 7th: Theta Labs Awarded 5th Patent
June 30th: Main Net 3.0 Launched
June 30th: Katy Perry Announced Launching NFT on Thetadrop.com in Q4 2021
What is happening?
Major New validator CAA joins on as 15th validator node. This is a Hollywood A-list celebrity talent agency. While coming at a time when Hollywood doesn't have a great reputation this shouldn't be ignored. Hollywood has no problem innovating to stay relevant and the possibilities of sweeping more cash away from fans for a digital rendering allah NFT's seems fitting. We'll likely see a major sports franchise follow suit if a moderate level of success is realized by CAA. *Speculation* likely the NFL or a co-sponsored relationship with Autograph (Tom Brady). Since Theta has added a 16th validator node with DHVC which is an asset management company.
Main Net 3.0 launched successfully. People are now earning more Tfuel for staking Tfuel. The Edge Node which is Theta Lab's software for harnessing broadband and computer resources has more nodes than the current job demand. Look for news that puts more work onto the Edge Nodes. Currently over 100k are operating and jobs are as infrequent as one or two a week. A moderate-sized project that would bump this up to a couple of jobs a day would be a huge boost here. The project needs more demand but not to much demand. This means companies like NetFlix and Youtube are not expected at this time, but a project like a beta test run through Vimeo or perhaps Rumble or Bitchute would grow demand sufficiently to get more nodes up and running for the big guns like Netflix, Youtube, TikTok or Twitch.
The stars are aligning . Both figuratively and literally. The news of CAA and Katy Perry's NFT project is the literal aspect, but figuratively the news is just as good. The 5th patent was announced today and behind the scenes partnerships keep emerging. While this is very good news for the Theta project as a whole, many small investors who got in during the All-Time-Highs (ATH) are becoming frustrated with the lack of progress in price.
The crypto market as a whole has been under attack by a fledgling system of corruption. This is evident by the fact that the system points to cryptos as enabling corruption. Standard playbook, blame others for what you're guilty of yourself. Decentralized currency is not good for the powers that were and whilst they still have some control they are exerting an ever-increasing attack on the crypto market. The question is, is the crypto market a massive snowball perched on the top of a mountain? Or has that snowball already started rolling?
What's up with BTC? And why the hell does it matter to Theta?
A longer look at BTC let's just say over the course of the last 12 months, shows BTC is actually doing quite well. Last year on July 8th BTC was around $9500. We're over 3x from that, which should put most short-term worries to bed. BTC is the mother of all crypto. This is why it is the focal point for attacks. China or Musk saying this or that, Markets creating BTC Futures and exchanges using leveraged trading are not designed to make the little guy any money. They are designed to control BTC to the best of their ability. What happens on most exchanges is coins are traded and viewed in pairs. This coin moves with that coin kind of thing. Because of this, generally speaking, good news in one crypto can't really translate when there is bad news constantly coming out for BTC. Which as I said in the opening statement and it's there for all to see, is it really isn't bad news.
The double-slit experiment.
The results of which change based on whether or not there is an observer. This means that results are dependent on observation. Take that one step further and you have scientific proof that by changing your observation you can change the results. What seems most logical to me, is that we as a whole need to stop paying attention to the BS being spewed by any MSM and even many Alt-Media types.
Evaluate honestly what crypto represents and can be, and you may see it as I do, a self-sustaining decentralized financial system that does away with the corporate bloat and governmental bureaucracy, and greed. By gathering a greater understanding of what crypto is, can be, and will be. We can more easily ignore the noise the previous establishment wants so hard to hang on to. Figuring out we really don't need central banks, credit card merchants, gateways all to take a cut of every dollar we earn and then subsequently spend is what crypto represents. Trading, futures, and exchanges are all ways for the "the man" to get his cut.
This information was presented in such a way to bring you to this final point about Theta / Tfuel. In my previous post, I outlined the fundamentals, all of which are still there now with even more arrows in that fundamental quiver. We have only seen good news about Theta, yet the price has gone down over the last couple of months and has been on a sideways trend since. All of this can be pinned on the exact same thing happening to BTC. But what is important to note here is that Theta/Tfuel and most crypto's for that matter are now at or around this year's all-time-lows. Which had somebody put this exact same information in your hands last year, in BTC's case you'd have still tripled your money. Think about that.
Well, thanks for taking the time, TFUEL isn't a big draw here, and while I spent a great deal of time writing this, I know it is going to go relatively unnoticed. For those who do notice I hope next year at this time, you can look back at this post and same damn, that dude was right. Hopefully not, damn that dude was right and I should have listened.
Be well,
Aired