- RSI for the last five hours suggests BUY with the value of 69.11 and bull/bear power is 0.1009 shows the buy action either.
- TFuel current price is 0.61308 and has been very bullish in nature.
- TFuel to BTC pair is trailing at 0.00001629 with an increase of almost 20% in the last 24 hours.
Well it was on 27 May, the coin had started to move higher and was trailing at the price level of 0.278890 at that time(on 27 May).
The chart above shows the movement of coins in respect of SMA-20, 50 and 200 and as we can see that SMA-20 had run beyond the other two. It had been a long time that this condition was prevailing in the market and in the recent time SMA-20 has started to show the retracement and the coin has shown immense profits in the recent time and we have seen returns of nearly 70% in the last 10 days.
The strong BULLISH trend is seen in the market and thus the RSI indicator mentions buying TFuel and it has been assumed that the coin could show returns upto 40% in next 2 weeks.
The coin has a 24 hour trading volume of 310,435,999. Theta fuel is up by almost 16% in the last 24 hours. Friday’s range has been predicted to 0.52215 – 0.63800.
We see the running of SMA-20 beyond it’s 200 days moving average and this is clearly a sign of prices moving higher in the coming time. RSI oscillators have constantly maintained the level above 50%(beyond value of 50) since this month had started.
Conclusion: Well with the current scenario keeping in mind it is expected that the price would hit the level of 0.99605 in the next 10 days. Well according to the above chart it is determined buying at present but the strong buying zone was on 24 May. This was the most prominent buying zone.
Technical Indicators:
Pivot: 0.61113
R-1: 0.61853
R-2: 0.62309
S-1: 0.60373
S-2: 0.59917
(Note- The unit is USD)