TIA USDT has some big gains coming based on the charts. It recently broke out of consolidation since July 24, which is projected to give 100% from the breakout around $14.It the short term, if we focus on the 4 - 6hr chart, price action is forming a bullish pennant, and consolidating nicely as the momentum is cooling off. The price action is creating Higher lows while the RSI is creating Lower lows, this is bullish divergence.
A breakout of this pattern could give us a quick move to the target of $11. Would like to see increasing volume into next week.
Entry: $8
TP 1: $10.1
TP 2: $11.7
SL: $7.66
NFA & DYOR. GL:)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.