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Weekly forecast Theta Fuel technical chart
Symbol TFUELUSD

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMarch 20, 2023 - 10:47
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 0.06650, beginning of downtrend is expected.
  • We make sure when the support at 0.03050 breaks.
  • If the resistance at 0.06650 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of downtrend is decreased.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 0.0438 on 03/10/2023, so more gains maximum to Major Resistance (0.0665) 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 52.

Symbol Released Current Forecast
Theta Fuel (TFUELUSD) free Sat, 23 Mar 2024
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