TFUELUSD: Attempting to finally close over the 1W MA200.

TFUEL has been consolidating under the 1W MA200 since the 1W candle of March 4th. This week and two weeks ago, it even crossed it but failed to close the candle over it, keeping the 1W timeframe overbought (RSI = 78.657) but 1D rather neutral (MACD = 0.005, ADX = 31.357). This means that the market is waiting for that 1W candle validation above the 1W MA200. We will turn bullish if that happens and target the 2.0 Fibonacci extension (TP = 0.50000), which is identical to what took place in the previous Cycle.


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