TIA only bullish after breaking $7.70
TIA has had a good few days. On lower timeframes it looks like a HS could be forming. That is if we now break decisively higher. On the longer timeframe it looks like we broke the descening line. Feels bullish now.
But we only start being bullish if TIA succeeds to break $7.70-ish. Previously this has been a bottom area. But in july the price tried to reclaim that pricepoint, without succes. It also is only the 0.236 fib level. So rejection there again, would be really bad. Only if we reclaim $7.70, and not get rejected, traders could eye $10 prices. But again, then we are only at the 0.382 fib. There is much work to be done. I am cautious, especially with future unlocks coming end October.
But we only start being bullish if TIA succeeds to break $7.70-ish. Previously this has been a bottom area. But in july the price tried to reclaim that pricepoint, without succes. It also is only the 0.236 fib level. So rejection there again, would be really bad. Only if we reclaim $7.70, and not get rejected, traders could eye $10 prices. But again, then we are only at the 0.382 fib. There is much work to be done. I am cautious, especially with future unlocks coming end October.
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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.