✳️ Theta Fuel vs Bitcoin | Another One (Name Your Altcoin #43)

15 feb 2023

This is a pattern that we've seen so many times... It is good though because it makes our job easier, having all the charts look very similar or just the same.

Theta Fuel, TFUELBTC, has gone through "same pattern":

1) Low hit June/July 2022.
2) Higher low December 2022. (Some Altcoins produced a lower low but this doesn't make any difference for the action that follows).
3) Followed by a bullish breakout.

Notice the trading volume is clearly going in favors of the bulls.

We have prices trading above EMA50 but below EMA300 and MA200, meaning that this pair is not as strong as many of the others we looked at so far.

The potential is still there and all that is needed is patience to ride a nice bullish wave.

Since retraces are low volume and short, when the next push comes the bias is remains up.

Namaste.