TIA - The Perfect Chart Doesn't Exist...
Oh wait it does! $ TIA has proven to be on the most predictable coins in the last few months. Even with the market ripping, TIA is respecting its trend and retracing off a 3D doji. It is also retracing from the $ 20-21 top we predicted weeks before it happened. That post can be found here:
https://www.tradingview.com/chart/TIAUSDT/88s9Zgnk-TIA-Upside-Targets/
In this post we will share with you Viaquant's TIA Trendline Chart. Where we have Identified our 4 most important trendlines (on the 4H timeframe). Each represent a key support/resistance level for TIA's current Trend.
After being rejected perfectly from our red trendline where should we expect to find support?
Fist scenario: Right now our green trendline is the first major level we should be watching. This has acted as an extremely important support level since early December 2023.
Second Scenario: If we wick below that we should expect prices to fall the the blue trendline (old resistance = new support) and hopefully reclaim that green trendline for a swift move to the upside.
Third Scenario: The leverage flushout of many crypto assets is about to occur which mean green and blue trendline will be lost short term and we should expect to fall to the yellow trendline as support.
I do believe a flushout will come soon, but I think the third scenario is not one to expect with the short term trend. I hope this chart will bring you value.
https://www.tradingview.com/chart/TIAUSDT/88s9Zgnk-TIA-Upside-Targets/
In this post we will share with you Viaquant's TIA Trendline Chart. Where we have Identified our 4 most important trendlines (on the 4H timeframe). Each represent a key support/resistance level for TIA's current Trend.
After being rejected perfectly from our red trendline where should we expect to find support?
Fist scenario: Right now our green trendline is the first major level we should be watching. This has acted as an extremely important support level since early December 2023.
Second Scenario: If we wick below that we should expect prices to fall the the blue trendline (old resistance = new support) and hopefully reclaim that green trendline for a swift move to the upside.
Third Scenario: The leverage flushout of many crypto assets is about to occur which mean green and blue trendline will be lost short term and we should expect to fall to the yellow trendline as support.
I do believe a flushout will come soon, but I think the third scenario is not one to expect with the short term trend. I hope this chart will bring you value.
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