Another Bullish Wave Is Expected By Theta Fuel (TFUEL) TokenHi traders hope you are good, there is another bullish wave possible by the price action of Theta fuel token.
Formation of bullish BAT pattern:
This time on short term 4 hour chart the Ttuel token has formed a harmonic bullish BAT pattern and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern and its Fibonacci sequence should be:
Buy between: $0.0090 to $0.0086
Sell between: $0.0099 to $0.0112
Stop Loss:
The potential reversal zone area that is up to $0.0086 can be used as stop loss in case of complete candle stick opens and closes below this level.
Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 30% and as per above mentioned stop loss, the loss possibility is 4.4%
Note : This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
TFUELUSDT
TFUEL/BTC (Pullback at Fib 0.5 Support?)TFUEL/BTC
-after pumping hard yesterday
-the price already retraced over -30%
-approaching key fib support levels
-and 20ma as dynamic support
-maybe it is time to form a bounce up reaction
-if it doesn't happen at current price levels
-the fib 0.618 is definitely has a higher probability
-technically, correction is already in the way
-consolidation 1st phase is in the making
TFUEL/BTC (Over 200% pump? then dump?)TFUEL/BTC
-the breakout of the pattern is followed with a strong push-up
-from 30 sats all the way to 100 sats gains
-this is a vertical movement which is not sustainable
-please do not enter at any price today
-wait for the consolidation if we can find a support
-do not buy with the FOMO action
-there will always be plenty of food left on the table
-have a plan before making any decisions
TFUEL/BTC (Awaiting break of trendline resistance)TFUEL/BTC
-downward trendline still acting as resistance
-20MA is also its dynamic resistance zone
-the price is trading within accumulation zone
-if the trendline resistance break, priority is upside
-target is up to 40 sats
-stoploss would be below 23 sats
TFUELUSDT formed bullish Gartley | A good long opportunityWorld's 290th ranked crypto token Theta Fuel (TFUEL) has formed bullish Gartley pattern and entered in potential reversal zone and ready for bullish reversal soon.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look at the dimensions of TFUEL price action's move:
After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for Gartley pattern and now the price action is moving in potential reversal zone of this Gartley pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above the 0.786 Fibonacci levels then it can also lead to the long term bullish move.
So as per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: $0.002518 to $0.002438
Sell between: $0.002581 to $0.002737
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic Gartley pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.