Theta Fuel / Bitcoin
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Theta Fuel (TFUEL) Chart Analysis | Consolidation Continues

Theta 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.
Nota
Tfuel is starting to gain momentum...

Penafian

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