Theta Fuel / TetherUSUpdated Nice Triangles
Looking at the 1 Day time frame TFUEL made a nice run early in March and then started stepping, creating triangle patterns.
The 2 & 4 hr frames are looking positive so it may do another bump and settle again as indicated by the yellow arrows and red triangle. This might cause the 1 Day MacD to turn up again for a bit, but with the 1 Day energy so high, TFUEL has to settle and let the 1 Day MacD reset low (lower) for the next run.
Any news, announcement or market influence could alter the movement of a coin/token. However, if it’s just rumbling along with nothing special happening, it’ll more often than not, follow a trend and/or symbolic pattern.
My thoughts, not advice Oklah. Cheers
The 2 & 4 hr frames are looking positive so it may do another bump and settle again as indicated by the yellow arrows and red triangle. This might cause the 1 Day MacD to turn up again for a bit, but with the 1 Day energy so high, TFUEL has to settle and let the 1 Day MacD reset low (lower) for the next run.
Any news, announcement or market influence could alter the movement of a coin/token. However, if it’s just rumbling along with nothing special happening, it’ll more often than not, follow a trend and/or symbolic pattern.
My thoughts, not advice Oklah. Cheers
Note
Well been a month now and although the price action didn't follow my very impressive triangles, the MacD day trend dot did follow my yellow MacD arrow down but again, about 2 weeks after my projection. It has reversed to a positive green uptrend and I expect May to be interesting for TFUEL. My thoughts, not advice Oklah. Cheers
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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.