TFUEL about to break out!!!!With Mainnet 3.0 right around the corner (less than a week away) this pattern is looking to hopefully break out soon, like within a day or so. Hopefully we see it shoot up today! Short term target near 60 cents.
Tfuel
Theta And TFUEL | Watch Out For Another BreakoutHey dear friends, hope you are well, and welcome to the new update on Theta and Tfuel coins.
Release of Mainnet 3.0:
only 7 days are left in the release of Theta Mainnet 3.0 and we have already seen that Tfuel has broken out the resistance and rallied beyond $0.60 but Theta coin is still moving in a down channel and could break out the resistance so far.
Market crash and completion of bullish harmonic moves:
Yesterday there was a complete market crash and all the cryptocurrencies were moving down. Theta and Tfuel both also followed the market trend, but while moving down both cryptocurrencies completed the bullish harmonic moves. The Theta formed a bullish BAT and Tfuel formed a bullish Shark pattern.
Shark move of Tfuel:
Bullish BAT move of Theta:
Tfuel re-tested the resistance as support:
The price action of Tfuel found a strong resistance after 13th March. Finally, the priceline broke out this resistance in the month of June. After that, it has re-tested this previous resistance as support three times. But this support is very strong and is not broken down even after several attempts. Every time when the Theta fuel moves to the upside from the support, it is getting rejected again and again by the $0.60 resistance level. Now after the recent bounce from the support we can expect that the price action of the Tfuel can make another attempt to break out the resistance of $0.60.
Theta has reached the support of down channel:
On the daily timeframe chart, the price action of the Theta coin has formed a down channel. The formation of this channel was started in the month of March 2021. The price action of Theta is moving between the resistance and the support of this channel very well. Now recently the price action is getting bounced by the support and we can expect that while the Tfuel is moving up to hit the $0.60 resistance at the same time the Theta can also make another attempt to break the resistance of this channel.
Conclusion:
The price actions of Theta and Tfuel both coins have formed the bullish harmonic moves at the same time. Whilst the price actions of both cryptocurrencies are at the strong supports. Therefore, this time this bullish bounce can lead them to break out the next resistance levels.
Thetafuel Study - Support/Resistance LinesJust using TFuel as an example of symmetrical triangle, breakout, apex backtest and the idea of a support 'zone' rather than line. Trendlines don't die, they carry n being sgnificant into the future.
Uptrend Started Where Expected. Possible New ATHYesterday’s fall in Bitcoin affected all cryptocurrencies. Despite this, TFUEL has performed well in recent months.
Bitcoin touched the strong support line yesterday and a new uptrend began. New TFUEL uptrend also started where expected. Soon there will be a major event for TFUEL, Theta MainNet 3.0 launch, which should positively affect and help TFUEL reach a new ATH.
Theta MainNet 3.0 introducing TFUEL staking & uptime mining!
What do you think about that?
Not investment advice.
Last chance to buy TFUEL at cheap before takeoffStoch RSI of 1H, 4H, 1D all sit at the bottom. EMA 12 on one day and a rising wedge acting as a strong support as of now. Price touching the bottom of BB is yet another good signal.
Daily RSI haven't crossed 80 since March and currently sitting at just 55. It should easily cross 80 before its peak and might even touch 90, sometime before June 30. All things considered, this is a good time to make an entry.
If price drops further, EMA26 on 1D will be my new support since it bounced back the last time.
I have 4 targets in mind and hopeful about TFUEL reaching the first two at least.
Target 1 - 0.845
Target 2 - 0.995
Target 3 - 1.10
Target 4 - 1.30
Note that this analysis relies more on fundamentals than technicals. TFUEL is expected to takeoff because of Mainnnet 3.0 on June 30. DYOR.
Tfuel reached the support again.Hi the Tfuel is again at the previous trendline resistance, which has been turned into support now. We can expect the next bounce from here. But if it will be broken down then it can be a critical fallout. I hope it has a support of a big event therefore it will perform well.
TFUELUSDT | Touched a strong support line. Uptrend is coming!Uptrend should continue here.
Not investment advice. Just an idea.
TFUEL BounceAs suggested $TFUEL was to bounce of tren line support which it has done very strongly, looking for a test of top trend line resistance which a break would see it onto new ATH.
TFUELUSDT | Uptrend started where expected!The chart shows strong buying pressure. It looks like the strong support line has confirmed itself. Forward to new heights!
Not investment advice. Just an idea.
TFUELUSDT | TFUEL touched strong support line!Uptrend should continue here.
Not investment advice. Just an idea.
TFUELUSDT | The perfect place to continue the uptrend!TFUEL was unable to break the sell wall yesterday despite strong buying pressure. I think the next uptrend will be able to break this wall. Plus, the Theta Nework main event is about to happen. Theta MainNet 3.0 Introducing TFuel Staking & Uptime Mining.
Not investment advice. Just an idea.
TFUEL pennant pattern in 1h timeframeTrend is bullish. I set the target price based on fibonacci external retracement of 1.272 and 1.618. Wait for breakout.
Disclaimer on!!
TFUEL CHANNEL CONSOLIDATIONtfuel has created a channel and now it maybe go up as per TA.
letswait.
hope you all are fine
TFUELUSDT | Strong accumulation. Uptrend continuesThere may be a big jump in prices in the next few hours. 11 days left until the main event of Theta Network! Theta MainNet 3.0 introducing TFuel staking & uptime mining!
Not investment advice. Just an idea.
TFUEL make flag patternThis is not recommendation, just share my opinion about TFUEL chart patttern.
Risk disclaimer!
TFUEL Set Sights On New ATHTFUEL is completely decoupled from BTC and lkooks very solid. See it making its weight up to new ATH over the next week in lead up to MAINNET 3.0.
TFUELUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. As you can see, the price has been performing well. It is currently moving in an ascending triangle. If you get out of the triangle, there is a possibility of a price increase.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
🔥 TFUEL Wedge ContinuationTFUEL is one of the big winners since the massive crypto drop of late May. Over the last week or so, TFUEL is well on its way of producing a wedge pattern.
Since TFUEL is seeing a lot of bullish pressure, the lower support of the wedge would be a great entry point.
Always keep an eye on BTC when trading alts. Happy trading!
TFUEL - Neutral upside moveTFUEL also had a good upside move and got rejected but it still has Buy volumes, not as much as PERL, but it's strong considering how the market is right now.
Now for this coin, we should obviously wait for another pump sign because there are not many TPs left, so wait for a support and see how it goes.
You can open long positions right after the closure of the first 4H candle above the resistance area and aim for those TPs I've shown on the chart.
Current Market Price: $0.59188
Good Luck
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