As requested by a follower, I checked the TIA chart a few days ago. That time TIA was trading at 4.5. I saw bearish signs, a descending triangle and a fatal serries of KDJ resistance which the token has to face.
I was bearish on TIA, with a huge downside target of 2. Yes, it's that deep. But remember this, one thing about candles is that they tend to bounce back when it drops to a good support.
So I mentioned in the comment section that the 3.9 support might be able to push the price back up. Here's my comment.👇
As anticipated, it did went down that far, and smoothly bounced back up. At the moment, TIA is trading at 4. 03. So the question is, is it now heading up?
Looking at the 1h CHART, the KDJ oscillator has detected good volume. Not as overwhelming as BTC, but may be good enough to catapult the price higher. A bullish Ascending triangle has also formed. Upside target is 4.3.
As I've mentioned days ago the daily KDJ oscillator is anticipating a bounce back to 6. This target is still valid and may still play out in the comming days.
However pay attention to the KDJ resistance above. There's so much pending sell orders left at 4.6, 4.7, and 4.9. Expect rough ride when price reaches this fatal resistance zone. So just take each profit and buy again when it dips.
FOLLOW for more KDJ trade signals.
Oh, please checkout PITBULL if you haven't. It's my favorite token. 😁
