✴️ Celestia | TIA
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.
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.
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🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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