Hi friends hope you are well, and welcome to the new update on TFUEL.

On a weekly time frame, Tfuel has already broken down the long-term support of a big falling wedge pattern, and now the support of the wedge is working as a powerful resistance for the priceline of Theta Fuel.

On a daily time frame, Tfuel has re-entered the same up-channel, which was recently broken down, but this breakdown was a fake out. Now Tfuel can make another attempt to breakout the resistance of this channel, and if Tfuel will be successful in breaking out this channel then it can also breakout the big down trendline resistance on the weekly time frame chart as well.

For a detailed analysis, you can also watch the video.