Technical Analysis for $TIA
/USDT:
Price: $4.65 (+1.79%)
Support Zone: $4.33 (24h Low)
Resistance Zone: $4.66 (24h High)
Current Momentum: Positive (+1.79%), showing upward movement
Indicators:
Moving Averages:
Short-term: The price is slightly above its moving averages, indicating a potential bullish trend.
Medium-term: Moving averages support the current uptrend.
RSI (Relative Strength Index): At a moderate level, not overbought, allowing room for further upward movement.
MACD: Showing positive momentum with higher likelihood of continuation.
Trade Signal:
Entry: Buy near $4.60 (break above resistance).
Stop-loss: Set below $4.33 (24h Low) to protect against downturns.
Target Levels:
Target 1: $4.80 (Minor resistance, achievable short-term target).
Target 2: $5.00 (Next major resistance level).
Target 3: $5.20 (Next possible breakout zone).
Momentum:
The current momentum is bullish with a slight upward trend in price and increasing volume. Expecting price to test higher targets above $4.66 if this momentum holds, but a pullback below $4.33 would invalidate the uptrend.
Trade Decision: Bullish with caution; buy near $4.60 and watch for upward continuation.