Celestia Potential 50% Drop In The Making...
Here we have a classic sequence. TIAUSDT (Celestia) starts a descent after a major bullish wave. The descent stops momentarily and produces a period of consolidation (blue), the consolidation leads to one final drop.
The second and final drop will be much smaller in size and duration compared to the first drop. Trading volume will be lower.
The next support and logical level sits between $2.08 and $2.65. Between $2.20 and $2.48 to be more exact. This is the level where TIAUSDT consolidated a little bit back in November 2023 before a massive bullish run. The same level that worked as resistance will now be tested as support, another classic.
If this support levels holds, we should see some consolidation around it together with strong volatility and then maximum growth. This would produce a v shaped bottom, or something of that nature.
In short, we will see a final drop before the market turns.
Namaste.
The second and final drop will be much smaller in size and duration compared to the first drop. Trading volume will be lower.
The next support and logical level sits between $2.08 and $2.65. Between $2.20 and $2.48 to be more exact. This is the level where TIAUSDT consolidated a little bit back in November 2023 before a massive bullish run. The same level that worked as resistance will now be tested as support, another classic.
If this support levels holds, we should see some consolidation around it together with strong volatility and then maximum growth. This would produce a v shaped bottom, or something of that nature.
In short, we will see a final drop before the market turns.
Namaste.
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