Long
FUEL/BTC TA Update (Bullish pattern?)
FUEL/BTC
FUEL is approaching the bottom end of this bullish descending channel
which by technicals has higher chances of breaking to the upside.
We can see a bullish RSI as the price made another lower low last week.
Today, the FUEL bounces off from the bottom trend-line support.
If FUEL is unable to break the trend-line resistance today,
it is still healthy to see a pullback within the buy zone
and create a higher low to gain extra bullish momentum in the coming few days.
How to enter this market is when the break of the pattern
is confirmed with confirming volume and follow through the next day.
FUEL is approaching the bottom end of this bullish descending channel
which by technicals has higher chances of breaking to the upside.
We can see a bullish RSI as the price made another lower low last week.
Today, the FUEL bounces off from the bottom trend-line support.
If FUEL is unable to break the trend-line resistance today,
it is still healthy to see a pullback within the buy zone
and create a higher low to gain extra bullish momentum in the coming few days.
How to enter this market is when the break of the pattern
is confirmed with confirming volume and follow through the next day.
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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.
Disclaimer
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.