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Weekly forecast Theta Fuel technical chart
Symbol TFUELUSD

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Trade Setup

#TFUELUSDT
Total Profit: 3675 pip (113%)
Closed trade(s): 745 pip Profit (23%)
Open trade(s): 2930 pip Profit (90%)

Trade Setup:
We opened 7 BUY trade(s) @ 0.3260 based on 'Valley' entry method at 2021.08.05.

Closed Profit:
TP1 @ 0.3420 touched at 2021.08.11 with 160 pip Profit (5%).
TP2 @ 0.3845 touched at 2021.09.04 with 585 pip Profit (18%).
160 (5%) + 585 (18%) = 745 pip (23%)

Open Profit:
Profit for one trade is 0.3846(current price) - 0.3260(open price) = 586 pip (18%)
5 trade(s) still open, therefore total profit for open trade(s) is 586 (18%) x 5 = 2930 pip (90%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateSeptember 5, 2021 - 12:04
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.21750 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • A trough is formed in daily chart at 0.31100 on 08/26/2021, so more gains to resistance(s) 0.42700, 0.47750, 0.56850 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 65.

Take Profits:

  1. 0.34200
  2. 0.38450
  3. 0.42700
  4. 0.47750
  5. 0.56850
  6. 0.67900
Click on the level to view price action history.

Symbol Released Current Forecast
Theta Fuel (TFUELUSD) free Sun, 10 Mar 2024
Theta Fuel (TFUELUSD) free Sun, 3 Mar 2024
Theta Fuel (TFUELUSD) Sat, 24 Feb 2024
Theta Fuel (TFUELUSD) Wed, 21 Feb 2024
Theta Fuel (TFUELUSD) Sun, 11 Feb 2024