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Theta Fuel / TetherUS

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TFUELUSDT trade ideas

TFUEL/USDT - major move aheadTFUEL/USDT is right at the tip of a symmetrical triangle if we look at it on the log chart and currently building support on top of the first big move (green dashed line). I lean more to the bullish side with this setup but you should also be prepared for a big move down which could move TFUEL to around .7 cents which means that you should either wait for a breakout above the trend line / a breakout on the RSI and / or place a stop loss if you enter now. It's possible to short TFUEL so it doesn't matter if you're a bull or bear, it's worth keeping an eye on this. Phenomenal risk-reward on this setup. Best of luck with your trades and let me know what you think!
by Wolfy_
6
The moment of the truth for TFUEL, is the 200MA holding it?BTC is under a bearish pressure for the moment, which could trigger big drops for many alts. But I believe the drop of BTC will only initiate when the market reopens on monday, so we are probably moving horizontal a little bit more during the weekend. With all that sad, TFUEL is retesting the 200MA and it could trigger another pump, maybe this time out of the triangle, who know, just make sure to use your SL like always. Good trading everyone
Long
by ViniciusBaccelli
1
isn't it nice when you predict the lowest buy point?Tfuel touched 0,0086 like I predicted in the last analysis, I did not sell it yet since I believe it could still break the triangle during the weekend, but I do have my SL in the green for now. The 200 moving average is working as an strong resistance for now and looking that graph we have a huge pump potential for the next days. If BTC keeps its price during the weekend we could reach the 0,03 soon, good trading everyone.
Long
by ViniciusBaccelli
6