In this Theta Fuel technical analysis, we will examine the current price action, trading volume, key levels and indicators for TFUEL-BTC. Here are three sentences about Theta Fuel (TFUEL) cryptocurrency: 1. Theta Fuel (TFUEL) is a decentralized cryptocurrency that leverages blockchain technology to provide a secure and transparent platform for video streaming and online gaming. 2. TFUEL utilizes a proof-of-view consensus algorithm, which rewards users with tokens for actively participating in the network by watching videos or streaming content. 3. Theta Fuel’s innovative approach to video streaming and online gaming has gained significant attention from industry leaders and investors, positioning it as a promising player in the rapidly growing digital entertainment market.
Theta Fuel Price Overview:
As of October 02, 2023, Theta Fuel is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for TFUEL-BTC:
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Theta Fuel reached a daily high of around 0.0 BTC.
- Low (L): The daily low for TFUEL-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Theta Fuel is trading near its daily close of 0.0 BTC.
|1D Change (%)||-3.20%|
|3D Change (%)||-2.42%|
|7D Change (%)||-3.97%|
|30D Change (%)||0.00%|
|90D Change (%)||-3.20%|
|YTD Change (%)||-36.65%|
Over the past three days, TFUELBTC has declined by approximately -2.42%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -3.97%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with TFUELBTC maintaining a downward trend of approximately 0.00%, despite intermittent fluctuations. Examining the last 90 days, TFUELBTC has witnessed substantial decline of approximately -3.20%, reflecting strong long-term confidence. Year-to-date, TFUELBTC has steadily depreciated by around -36.65%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Theta Fuel Live Chart:
You can access a live price chart for TFUEL-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.31586.
- Momentum score is 0.0.
TFUEL BTC Technical Analysis
Theta Fuel Trading Volume:
The trading volume for Theta Fuel (TFUEL) over the past 24 hours has been insignificant, with approximately 2,714,758.00 BTC traded against TFUEL. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 50-day Simple Moving Average (SMA): TFUEL is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Theta Fuel is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for TFUEL-BTC is currently in the neutral zone, around 45.37142. This suggests that Theta Fuel is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Theta Fuel (TFUEL-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.