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A few days back I shared my technical analysis on $TIA/USDT, anticipating a breakout and subsequent pump. Let's see how things played out!
In the first image, I highlighted a potential breakout zone as $TIA was trading around $5.38. We noticed strong support at the $3.71 level, with resistance overhead. Based on the technical indicators and chart patterns, we anticipated $TIA to break through the descending trendline and aim for higher levels. The resistance zone was key, and once breached, it seemed like a pump was around the corner.
Fast forward to today, and the second image shows the results! $TIA/USDT hit $6.04, a strong +11.7% increase since our initial prediction. The pump was driven by a solid breakout through the resistance zone, with price momentum continuing to build.
Here's the breakdown:
Initial Prediction Price: $5.38
Current Price: $6.04 (up 11.7%)
Support Level: $3.71
Volume: Notice the increase in volume, indicating a strong move with trader confidence.
What made this pump more likely?
1. Support and Resistance Zones: The price bounced off strong support near $3.71, with the upper resistance zone breached at around $5.38.
2. Volume Spike: Increased volume showed heightened buying interest, further supporting the upward momentum.
3. Trendline Break: The descending trendline was finally broken, confirming a reversal of the downtrend.
4. Market Sentiment: Broader market sentiment also supported a potential bullish movement, aligning perfectly with this price action.
This move emphasizes the importance of paying attention to support, resistance, and trendline patterns. When combined with volume analysis, it can help identify strong breakout opportunities like this.
Keep an eye on $TIA/USDT as we approach new resistance zones. If this bullish momentum continues, we could see further upward movement, potentially pushing into the $8–$10 range.
For more predictions and in-depth market analysis, stay tuned!
Have any thoughts on this move? Drop them below, and let's discuss!
#CryptoTrading #TIAUSDT #CryptoPump #TechnicalAnalysis #CryptoPredictions #TradingSuccess #MarketBreakout #WinningTrade
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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