TIA Technical Analysis
Looking at the TIA chart on the daily timeframe, we see that the price is heading towards the downtrend step by step. The price of the coin has climbed over to the level of $1.88 as analyzed earlier and it is trading above this level currently. Remember that this level was both the horizontal resistance and the psychological threshold. The price holding above it is crucial in terms of a positive scenario.The price range $2.11–$2.36 stands out as a key decision zone for the price, intersecting with both the horizontal resistance and the upper border of the downtrend. Should this level break out, the price might gain momentum and start rising towards the level of $2.45–$2.78, which is highly possible.On the other hand, if the price gets stuck at this level, the support levels to follow are $1.88, $1.72, and $1.60 in case of a pullback scenario. Moreover, if the price drops below the level of $1.60, then the general positive outlook will spoil.
To summarize:
- The level of $1.88 broke above; the price holding above it is positive.First strong resistance: $2.11–$2.36If this zone is exceeded, the targets are as follows:→ $2.45→ $2.78In case of a pullback, the support levels are as follows:→ $1.88→ $1.72→ $1.60
In short, the fate of the pattern will be determined through the test to the upper border of the downtrend. An upward breakout could trigger a new continued upward movement in the short and middle term.
