TFUEL looking for new maxims, are we facing the fifth wave?Technical analysis regarding the price of THETA FUEL in relation of dollar Tether for the next scenarios, based on 4 hour movement.
My speculation in the face of the current scenario.
Price has been moving upwards, with higher tops/bottoms and following the principle of Raulph Nelson Elliott ~Elliott waves~ we have the formation of his last impulse wave, number 5 and, I believe there may be an A~C correction, in my perception.
By designing a Fibonacci with expansion of channels and also based on the upward trend that is found, I obtain such price regions that you can reach.
This cryptographic is co-related with THETA, which is very promising and has been growing a lot over the period. Well, in my view, this crypto is great for the long term and tends to value even more. The price is correcting (healthy/organic correction) and wave 1 may start soon. 🏄🏼♂️
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
Tfuel
Don't buy Theta Fuel!Under no circumstances should you buy this altcoin now! It doesn't matter it's TFUELBTC or TFUELUSDT.
Of course, it can still grow. There are a lot of people who want to buy it now.
But there is a gap. TFUE can grow but also can fall.
Altcoins are dangerous enough. They always have a large stop loss.
But in this case, the stop loss can be placed at 80%. The risk/reward is very bad. You can either earn or lose 80% on this position. That's an awful lot.
This is not a call for a short. You can't short altcoins in this market situation. But if you are want to open positions, we advise you to think about it.
If you already have positions, then it is a good time to close it or move it to breakeven.
Recall that it is very dangerous to enter the position of altcoins for more than 5% of the capital.
Stick to your risk management.
🆓Theta Fuel/USDT Analysis (26/2) #TFUEL $TFUELTFUEL is heading to 0.07$ zone, which has a reliable buying force in a few days ago. We can expect TFUEL may continue the rally from that zone.
If 0.07$ zone fails in stopping this drop, it will move down to 0.06$ or even 0.04$ in March
📅EVENTS
👉Mar 31 : 1-Click Delegated Staking
👉Apr 21 : Mainnet 3.0
👉Jun 30 : LINE DApp Integration
👉Jun 30 : V2 Edge Compute
👉Jun 30 : App for Ledger/Trezor
👉Sep 30 : Edge Catching Use Cases
👉Sep 30 : Edge Compute Use Cases
👉Sep 30 : V2 Edge Streaming DApp
👉Dec 31 : Beta Edge Storage / IPFS
👉Dec 31 : V2Smart Contract Platform
📈BUY
-Buy: 0.07-0.073$. SL if B
-Buy: 0.09-0.094$ if A. SL if B
📉SELL
-Sell: 0.09-0.094$. SL if A
-Sell: 0.122-0.128$. SL if A
♻️BACK-UP
-Sell: 0.07-0.073$ if B. SL if A
-Buy: 0.057-0.06$. SL if A
-Buy: 0.04-0.042$. SL if A
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
TFUELBTC - Large upsideWith Theta releasing and all things pointing to the fact that TFUEL will be the main swapped currency and not THETA. The reason for this is fact that THETA will be prioritized for focusing on staking the network. TFUEL on the other hand will be prioritized for pooling and the fundamental currency of the network.
So there are 3 things to note here.
Channel:
Fib Circle (Clear air above):
Cup and Handle (little bit of a stretch):
TFUEL might pump even higher if it breaks this trendMy previous prediction was 100% accurate as we're witnessing the ongoing TFUEL pump.
What's next for TFUEL?
Keep an eye on this trend and place orders accordingly. I am still holding but if I could, i would buy some at 0.050 and stop buys at around 0.0563.
Not going long because it's too soon to comment, but I see a good chance of TFUEL breaking this trend very soon.
TFUEL PUMPING 50% SOONTFUEL has been at 0.038 for a few hours now, trying to break the 0.039 resistance.
Meanwhile, THETA broke its ATH and set a new ATH at 2.785. Since TFUEL and THETA and highly correlated, we should see a similar uptrend in TFUEL soon.
BUY 1: Stop order triggering at 0.041
TARGET 1: 0.055 - 0.065 depending on how the new trend line finds a support.
PROFIT: Up to 58%
BUY 2: To be updated
TARGET 2: 0.075-0.085
PROFIT: Up to 107%
TFUELUSDTTFUEL has a great potential for goes higher but beware if you dont know what you are doing just copy the brush which is there is going to be another high for the chart and after that the correction will make you get out if you dont know the plan of the chart (which we do with advanced price action) and after that the chart is going to meet higher values and break ATH
the red line is stop loss for complete bullish, the chart can pass through it then came back into its current channel but this SL is for pure bullish side of the chart
Theta Fuel (TFUEL) Going For Another Bullish RoundTheta Fuel (TFUELBTC) is going for another round of growth.
Here, on this chart, we can see how TFUELBTC started growing strong after the 20-Nov. low.
Prices peaked on 9-Dec. and we have a test of all the major EMAs as support.
We can see a final bullish candle being printed on 21-Dec. with a long lower wick and closing above EMA50, signaling that the bulls are jumping back in.
Now we have prices moving above all other EMAs and MA200 (black line) being challenged.
As long as prices stay above EMA50 or 0.00000070, we remain strongly bullish on TFUELBTC.
Namaste.
TFUELBTCTHIS IS NOT AN INVESTMENT PROPOSAL. My personal opinion. If you find this useful and want more guesses. don't forget to follow. Press the Like button. Leave your feedback to us in the comments section! Thank you very much for your support. Let us know how you see this opportunity and forecast in the comments.
ALTCOINS are not significantly different from Bitcoin as to TAMany traders avoid trading ALTCOINS altcoins (indecent title: SHITCOINS), because of their small caps, which are easily manipulated.
This is true in small time frames, such as 15 minutes and 30 minutes. In a higher time frames, it may be different. Because almost all crypto currencies are following Bitcoin in the first place for most of the time, manipulating currency prices does not always succeed.
Take TFUEL as an example, the blue->green signals have alerted three bottoms. It seems that to manipulate price is not always easy.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.