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In this analysis, I want to review the TIA coin for you. This project is one of the protocols in the Cosmos ecosystem and currently ranks 53 on CoinMarketCap with a market cap of $1.51 billion.
📅 Daily Timeframe
As you can see on the daily chart, there's a descending trendline, and the price has been moving down along with it. Currently, the price has reached its main support zone at 2.274.
✨ This is the most critical support for this coin, and if it breaks, the price will move toward a new all-time low. So, buyers will do everything they can to protect this support.
💥 If the price gets supported at this level, the first trigger for opening a long position would be the breakout of the descending trendline. That trigger level is the break of 2.956.
🛒 You can also use this trigger for spot buying. The main trend reversal confirmation comes with a break above 4.324. However, in any case, if any of these triggers are activated, I personally will wait for Bitcoin dominance to show a trend reversal before buying altcoins on spot using the first solid trigger I find.
🔽 For short positions, the key point to remember is that the trend is already downward, so we don’t need a trend reversal confirmation to go short.
⭐ The short trigger is very clear and straightforward — if the 2.274 level breaks, you can enter a short position. Additionally, a pullback to the trendline can also be used as an entry point.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
In this analysis, I want to review the TIA coin for you. This project is one of the protocols in the Cosmos ecosystem and currently ranks 53 on CoinMarketCap with a market cap of $1.51 billion.
📅 Daily Timeframe
As you can see on the daily chart, there's a descending trendline, and the price has been moving down along with it. Currently, the price has reached its main support zone at 2.274.
✨ This is the most critical support for this coin, and if it breaks, the price will move toward a new all-time low. So, buyers will do everything they can to protect this support.
💥 If the price gets supported at this level, the first trigger for opening a long position would be the breakout of the descending trendline. That trigger level is the break of 2.956.
🛒 You can also use this trigger for spot buying. The main trend reversal confirmation comes with a break above 4.324. However, in any case, if any of these triggers are activated, I personally will wait for Bitcoin dominance to show a trend reversal before buying altcoins on spot using the first solid trigger I find.
🔽 For short positions, the key point to remember is that the trend is already downward, so we don’t need a trend reversal confirmation to go short.
⭐ The short trigger is very clear and straightforward — if the 2.274 level breaks, you can enter a short position. Additionally, a pullback to the trendline can also be used as an entry point.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Don’t Miss Out!
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.