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.

Bình luận:

Tfuel is starting to gain momentum...