Theta Fuel (TFUEL) Could See Explosive Upward Movement

Theta Fuel (TFUEL) Could See Explosive Upward Movement
фото показано с : beincrypto.com

2021-5-20 13:22

Theta Fuel (TFUEL) has been decreasing alongside a descending channel since reaching an all-time high price of $0.568 on March 24.

The price is currently attempting to reclaim the middle of the channel, which would be a very bullish development.

TFUEL corrects inside channel

TFUEL has been trading inside a descending channel since March 24 after reaching an all-time high price of $0.568. The decrease has been very gradual and choppy.

The token reached the support line of the channel twice, on April 23 and May 19 (green icons), creating long lower wicks each time. The second low coincides with the 0.786 Fib retracement support level.

Currently, TFUEL is trading just above the 0.618 Fib retracement support level at $0.228. This level coincides with the midline of the channel.

Reclaiming this level would be an extremely bullish development, indicating that a breakout from the channel is likely.

Technical indicators provide mixed readings. The MACD is decreasing and is in negative territory. Similarly, the RSI is below 50. However, both have generated bullish divergences.

Finally, the Stochastic oscillator has just made a bearish cross (red icon).

Despite the mixed reading, channels usually contain corrective trading structures. Furthermore, the price action has followed the channel perfectly so far.

Therefore, a breakout would be the most likely scenario.

TFUEL Chart By TradingView Wave Count

Cryptocurrency trader @24crypto outlined a wave count that indicates TFUEL has completed wave four of a bullish impulse (white). If correct, an explosive upward movement could follow.

Source: Twitter

The presence of the channel indicates that this could very well be wave four of a bullish impulse. If so the two most likely targets for the top of wave five are found at $0.69 and $1.02.

These targets are found using a Fib projection on waves 1-3.

TFUEL Chart By TradingView TFUEL/BTC

The trend for TFUEL/BTC is not as clear.

The price is trading in a range between 530 and 820 satoshis. In addition, technical indicators are neutral.

Therefore, a move outside of the range is required in order for the direction of the trend to be confirmed.

TFUEL/BTC Chart By TradingView

For BeInCrypto’s latest bitcoin (BTC) analysis, click here.

The post Theta Fuel (TFUEL) Could See Explosive Upward Movement appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Theta Token (THETA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.637
Капитализация $0 Rank 99999
Цена в час новости $ 7.369 (-100%)

theta tfuel fuel movement upward could explosive

theta tfuel → Результатов: 14


Theta Fuel (TFUEL) is now up 450% in March

Theta Fuel (TFUEL) coin is trading in an extremely bullish cycle as the price action is up more than 30% in today’s trading session.  Fundamental analysis: Strong interest in crypto startups continues  Strong interest in companies that offer crypto-related solutions has continued into 2021 with the crypto custody provider Fireblocks secured $133 million in a […] The post Theta Fuel (TFUEL) is now up 450% in March appeared first on Invezz.

2021-3-23 15:55


The Magnificent Seven: CHZ, ENJ, TFUEL, MANA, THETA, XEM, BAT – Biggest Gainers of the Past Week

The biggest altcoin gainers are: Chiliz (CHZ) – 146% Enjin Coin (ENJ) – 106% Theta Fuel (TFUEL) – 92% Decentraland (MANA) 57.3% THETA (THETA) – 48% NEM (XEM) – 45% Basic Attention Token (BAT) – 43% Chiliz (CHZ) CHZ was the biggest gainer from last week, increasing by a massive 377% over the past nine … Continued The post The Magnificent Seven: CHZ, ENJ, TFUEL, MANA, THETA, XEM, BAT – Biggest Gainers of the Past Week appeared first on BeInCrypto.

2021-3-5 15:37


The Magnificent Seven: CAKE, RVN, GNT, XVS, BNB, DASH, TFUEL – Biggest Gainers Over the Past Seven Days

In this article, we’ll look at the seven coins that have increased the most over the past seven days (Feb 12 – 19). They are: PancakeSwap (CAKE) – 173% Ravencoin (RVN) – 154% Golem (GNT) – 144% Venus (XVS) – 133% Binance Coin (BNB) – 112% Dash (DASH) – 94% Theta Fuel (TFUEL) – 98% … Continued The post The Magnificent Seven: CAKE, RVN, GNT, XVS, BNB, DASH, TFUEL – Biggest Gainers Over the Past Seven Days appeared first on BeInCrypto.

2021-2-20 22:33


Coming next spring: Theta Labs Mainnet 3.0 introduces TFUEL staking and burning

Theta Labs today released the white paper for its mainnet 3 upgrade which is going live in April 2021 and introducing new features, TFUEL staking and burning The news comes shortly after Theta unveiled its fully decentralized Edgecast network, revealing a platform that brings end-to-end decentralization for users, content creators and video platforms.

2020-12-10 21:10


Фото:

Korea’s Ludena Joins Forces with Theta (THETA) for Ecosystem Expansion

Ludena Protocol, a South Korean distributed ledger technology (DLT) powered gaming ecosystem, has joined forces with Theta (THETA), a decentralized video streaming platform. The deal will see the integration of Ludena’s decentralized application (dApp), GameTalkTalk into Theta, while the latter will reward users of the app with TFUEL token for their participation on the platform,Read MoreRead More.

2020-7-30 17:07