✴️ Celestia | TIA

16 de dez. de 2023

Everybody wants to know about "TIA"... Here is the problem, TIA is new.

The name sounds good to start and there is some hype for this pair, TIAUSDT.

When a new Altcoin is added to the exchanges, it tends to grow really fast and strong but then in reverse, it is followed by a very strong correction, sometimes a long one.

Celestia | This is what the chart is saying on the 4H timeframe.

➖ New high today, All-Time High (ATH).
➖ Volume was high early November, volume is low today (bearish).
➖ As prices rise, bearish divergence is showing up with the RSI.



Here the RSI is producing lower highs while TIAUSDT is producing higher highs; this is the bearish divergence.

On the daily timeframe, the last two candles are bearish, the last one being a "shooting star".


The potential for this pair is bearish (red), with the key word being 'potential'.

The chart is young and has no history, so it is hard to make a valuable analysis.

➖ We know from experience that new pairs tend to crash a few weeks after they are added to the exchanges.
➖ We know that new pairs/projects are added right before a major correction because market sentiment is high, greed, and this attracts newbies and they get trapped.

Knowing this, we will go with red.
It can grow more of course... I know this is not what you would like to hear/read, but that is just what the chart says.

Thank you for your support.

Namaste.