Theta And Theta Fuel (TFUEL) Tokens | Another Bullish Wave Upto 365% Expected
Theta And Theta Fuel (TFUEL) Tokens | Another Bullish Wave Upto 365% Expected

By moon333 | moon333 | 1 Jun 2020


Hi friends hope you are well and welcome to the new update on Theta and Theta fuel (TFUEL). In today's article we will watch the technical analysis of Theta and Tfuel tokens with US dollar pair and the Bitcoin pair as well. In my previous article we have seen that you TFUEL gave us the bullish signals before the powerful bullish divergence of more than 900% rally, however this time before moving to the current price action I would like to show you how I predicted these bullish moves back in October 2019. These harmonic moves have strong connection with the current moves of Theta and Theta fuel tokens. Therefore I would suggest you watch these moves in detail as I will show you.

Previous move of Theta with US Dollar pair:

Below is a chart that I posted on October 2019. Here I revealed that that the price action of Theta token with US dollar pair has completed the formation of bullish butterfly pattern on 4 day chart. And as per Fibonacci sequence of Butterfly the price action can move up from potential reversal zone. And finally prediction the priceline of Theta started a bullish rally in the month of December. And first it produced more than 200% gains then the price action again dropped down and used the potential reversal zone as support and started another powerful bullish move and produced more than 866% huge profit.

 

Previous idea of THETAUSD before execution:

035b23f1cc1384534b5f1389154b422939ab4d94cbbab6e963a76eeef710f597.png

 

 

Previous idea of THETAUSD after execution:

0e8b022efb03b0d3470f9915ce2a9417ea45547e509b09e35f997fa171ccafd6.png

Click here to visit previous idea on tradingview

 

You can also watch the below video for better understanding

Previous move of Theta with Bitcoin pair:

I posted an idea of Theta with Bitcoin pair In September 2019 on 4 day chart. And here we can see that price action formed a bullish Gartley move. And at that time Theta was moving in the potential reversal zone of this Gartley pattern and as per Fibonacci sequence of this pattern it was suppose to take the bullish divergence from here. Then finally price action started the bullish rally in October 2019 and produced more than 500% gains.

 

Previous idea of THETABTC before execution:

eccbcc7c71beed0358ce25c55d4d5d642a48238c406a504f14f4b2663b92d8c5.png

 

Previous idea of THETABTC after execution:

7e47d15588351041b8b6bdbc7efe7a13409f4979c40143578e615d6a5bb24565.png

Click here to visit this previous idea on tradingview

 

Previous move of Theta fuel with US Dollar pair:

For Theta fuel I posted Idea only with the US dollar pair in December 2019. Tfuel also formed a bullish harmonic gartley pattern on daily chart and entered in the potential reversal zone or buying zone. And I predicted that as per Fibonacci sequence of this Gartley Tfuel can take the bullish divergence from this level. But this time the Bitcoin turned more bullish than Tfuel therefore the price action went little bit down than PRZ level. But finally the price action started bullish rally and first it retraced back in the potential reversal zone and then moved more  up and produced more than 500% rally.

Previous idea of TFUELUSD before execution:

149a4ad2d1571495aafd413e3468049087d28a19bcab975f86117aa84b826432.png

 

 

Previous idea of TFUELUSD after execution:

738683149402a084c7fd6b70d715adf6ef72bda9109338f5fe92e4aeafdf537d.png

Click here to visit this previous article on tradingview

 

New bullish harmonic moves by Theta and Theta fuel tokens:

Now we can see that again Theta and TFUEL both tokens are forming the final legs of new bullish harmonic patterns. Below we are going to discuss these moves and we will see how the price action can take the bullish divergence and how much the price action needs to move down in order to complete the final bearish legs of these bullish patterns.

I will also discuss the Fibonacci sequence of every pattern. It might be difficult for some readers to understand however you can use the different dictionaries for harmonic patterns in order to understand or simply skip the sequence.

 

1. Theta token with USD pair:

Theta with US dollar pair is forming the final leg of bullish Shark pattern. And this is being formed on 6 hour chart. The formation of this Shark was started on 18th May 2020.

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Fibonacci sequence:

 The Fibonacci sequence of the pattern is as below:

After initiating the first leg the price action retraced between 0.382 to 0.618 Fibonacci sequence this was the first confirmation of bullish Shark. Then price action moved up in the projection area of A to B leg from 1.13 to 1.618 Fibonacci projection. This is the second confirmation of Shark move. Now the final leg should be moved down between 0.886 to 1.13 Fibonacci retracement level in order to complete a perfect Shark move.

 

Realistic buying and sell targets as per Fibonacci sequence:

Buy between: $0.2148 to $0.1440

Sell between: $0.2955 to $0.4559

 

Stop Loss:


The potential reversal zone area that is up to $0.1440 can be used as stop loss in case of complete candle stick opens and closes below this level.

Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 216% and as per above mentioned stop loss, the loss possibility is 33%

 

 

 2. Theta token with Bitcoin pair:

Theta with US dollar pair is forming the final leg of bullish Shark pattern. And this is also being formed on 6 hour chart. The formation of this Shark was started on 18th May 2020.

eaafac21b214cf3449e97c364a70de9062932377e6c8f7264443c4af26d2bee0.png

Fibonacci sequence:

 The Fibonacci sequence of the pattern is as below:

After initiating the first leg the price action retraced between 0.382 to 0.618 Fibonacci sequence this was the first confirmation of bullish Shark. Then price action moved up in the projection area of A to B leg from 1.13 to 1.618 Fibonacci projection. This is the second confirmation of Shark move. Now the final leg should be moved down between 0.886 to 1.13 Fibonacci retracement level in order to complete a perfect Shark move.

Realistic buying and sell targets as per Fibonacci sequence:

The buying and sell targets according to harmonic shark pattern and its Fibonacci sequence should be:

Buy between: 0.00002320 to 0.00001555 sats

Sell between: 0.00003286 to 0.00005126 sats

Stop Loss:
The potential reversal zone area that is up to 0.00001555 sats can be used as stop loss in case of complete candle stick opens and closes below this level.

Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 229% and as per above mentioned stop loss, the loss possibility is 33%

 

3. Theta fuel (TFUEL) token with USD pair:

Theta fuel with US dollar pair is forming the final leg of bullish BAT pattern. And this pattern is being formed on 12 hour chart. The formation of this BAT was started on 10th May 2020.

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Fibonacci sequence:

 The Fibonacci sequence of this BAT pattern is as below:

After initiating the first leg the price action retraced between 0.382 to 0.50 Fibonacci sequence this was the first confirmation of bullish BAT. Then price action moved up in the projection area of A to B leg from 0.382 to 0.886 Fibonacci projection. This is the second confirmation of BAT move. Now the final leg should be moved down between 0.786 to 0.886 Fibonacci retracement level in order to complete a complete BAT move.

Realistic buying and sell targets as per Fibonacci sequence:

The buying and sell targets according to harmonic BAT pattern and its Fibonacci sequence should be:

Buy between: $0.0066 to $0.0043

Sell between: $0.0120 to $0.0200

Stop Loss:
The potential reversal zone area that is up to $0.0043 can be used as stop loss in case of complete candle stick opens and closes below this level.

Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 365% and as per above mentioned stop loss, the loss possibility is 38%

 

 

4. Theta fuel (TFUEL) token with Bitcoin pair:

Theta fuel with Bitcoin pair is forming the final leg of bullish BAT pattern. And this pattern is being formed on 12 hour chart. The formation of this BAT was started on 8th May 2020.

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Click here to create free account on tradingview to watch and play the chart on realtime

Fibonacci sequence:

 The Fibonacci sequence of this BAT pattern is as below:

After initiating the first leg the price action retraced between 0.382 to 0.50 Fibonacci sequence this was the first confirmation of bullish BAT. Then price action moved up in the projection area of A to B leg from 0.382 to 0.886 Fibonacci projection. This is the second confirmation of BAT move. Now the final leg should be moved down between 0.786 to 0.886 Fibonacci retracement level in order to complete a complete BAT move.

Realistic buying and sell targets as per Fibonacci sequence:

The buying and sell targets according to harmonic BAT pattern and its Fibonacci sequence should be:

Buy between: 0.00000073 to 0.00000048 sats

Sell between: 0.00000133 to 0.00000221 sats

Stop Loss:
The potential reversal zone area that is up to 0.00000048 sats can be used as stop loss in case of complete candle stick opens and closes below this level.

Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 360% and as per above mentioned stop loss, the loss possibility is 34%

 

Conclusion:

The sequence of harmonic move shows that both coins are not dumped rather they are retraced to form different harmonic patterns.

 

Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.


moon333
moon333

Hi, My name is Atif Akbar and I am trading charts author of all kind of assets


moon333
moon333

Hi my name is Atif Akbar and I am one of the top 3 authors of cryptocurrency trading charts as per tradingveiw I publish there with my username moon333 to verify you can visit: https://www.tradingview.com/markets/cryptocurrencies/ideas/ I also publish the charts of different other assets like forex, commodities, CFDs Stocks e.t.c. Here you will find perfect predictions on different trading assets.

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