We are looking at FUELBTC (Etherparty) with multiple bullish signals... This one I believe has a pending bullish move that is imminent now, can move within days... Let's get started!
On the light blue area/square, we have a Doji signaling the end of the retrace (a reversal candle) and also what will end up being a "fake breakdown"... Prices are very likely climbing back up above support.
- Trading volume is still low but starting to increase in favor of the bulls. - A bullish divergence can be spotted with the MACD and also with the RSI. - We also a falling wedge pattern and MA200 curving... Remember that prices tend to "gravitate" towards this line.
All these signals are pointing up!
Our first target is sitting at 38 satoshis (0.00000038) for 44%+ of potential profits.
Many more targets are mapped on the chart but the main one is the 2 Fib. extension which is sitting at 74 satoshis for a total of 185%.
This is not financial advice. Remember to read, research, study, practice, take your time before you trade.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.