Etherparty Should Outperform BitcoinEtherparty has recently found the bottom, hitting 541 satoshis level. At this price it rejected the 261.8% trendline of the Fibonacci channel, applied back in 2nd of May, when FUEL/BTC produced the high.
Then it managed to break and close above the 50 Moving Average suggesting the beginning of a correctional wave up, or even a potential trend reversal. Currently Etherparty is trading right at the 50 Moving Average which this time could act as the support providing a good buying opportunity for the short term.
FUEL could grow from 600 up to 1000 satoshis level, that is 61.8% Fibonacci retracement level, conformed by the 161.8% trendline of the Fibonacci channel. All-in-all, fast growth should be expected, unless price breaks below the 541 satoshis low.
Etherparty
Etherparty (FUEL) Quadruple PotentialEtherparty currently trading near $0.05 support area, after it has rejected 61.8% Fibonacci at $0.0488. Price continues to consolidate without any major moves. However, while the support is holding the price is very likely to start moving higher.
The nearest upside target is where the upper trendline of the descending channel has been rejected previous, which is $0.1 area, that corresponds to the 23.6% Fibonacci retracement level. Break and close above it should trigger another wave upwards that could reach 50% Fibs at $0.21, that does correspond to the upper trendline of the extending descending channel.
Yet, it is possible FULE/USD will break below the $0.044 low, but only daily close lower could invalidate bullish outlook and send price down to the previous low at $0.006.
an idea for etherparty - FUEL/BTC2 scenario for Etherparty :
Buy level 1 : 915 sat
Buy level 2 : between 864-816 sat
60% profit potential on Etherparty (FUEL)Hello ,
It's officially a bullmarket ,it's time to rejoice and accumulate more and enjoy the ride ,
You would probally say 60% profit potential is small compared to other coins , yes but as they say Don't look a gift horse in the mouth.
You can enjoy this ride and search of a major trade that make you ton of profits.
Let's get started .
My first target major target is around 0.00001600 btc .
I will keep you updated !
and btw look at the macd
it's pointing upwards
FUELETH TA Currently forming C wave in the 2nd wave of the primary cycle. Target expected to hit the golden pocket again before the 3rd wave impulse.
FUELBTC new highs comingIt looks like FUELBTC is reversing after a correction. This correction made sense after the massive builds and highs that where made. Now it looks like we have a new trend line which is respected. We made new big volumes yesterday, so the pair is active and used by traders. If we make a same swing as last time we can go up to new highs around the 0.00004000 area.
Fuel about to pop? Needs more volume. Potential 120% upFuel looking like it is building momentum.
RSI is flirting with the upside.
Forming a bullish falling wedge
Potential up 120 percent
Stop loss at 1200 level
Following this one the upcoming days to see how this goes.
Looking for an entry point in FUELI am long term bullish on FUEL so I am looking for an entry point in the next few weeks. I will be looking around 0.00001670 for an entry position. There are three separate indicators telling me the price will be bearish in the short term.
Price closing below cloud it is bearish
Tenkan and Kijun lines above cloud is bearish territory
Tenkan crossing the Kijun line from above is bearish
(bonus points for crossover being below cloud)
I am looking for a break of the 1920-1930 support line to confirm this.
Would love to know what you think of the chart, particularly the support areas and targets, are you in on FUEL let me know! I'm still learning a lot of this stuff so please correct me if you find something you disagree with!
