Celestia (TIA) Sets New All-Time High: Will It Reach $20?
#support and resistance#Relative Strength Index#candlestick pattern+2 more tags

Celestia (TIA) Sets New All-Time High: Will It Reach $20?

Celestia (TIA) hit a new all-time high at $16.88, raising speculation about a $20 target. Bullish sentiment is driven by indicators like Elliott Wave theory and RSI. The initial target is $22.80, with potential to reach $31. Monitoring TIA's performance is key; a drop below $14.60 may signal a bearish trend.

Celestia (TIA) has recently achieved a significant milestone by reaching a new all-time high of $16.88, following a flash crash on January 3. This surge in price has prompted discussions about the potential for TIA to reach the $20 mark.

ARB Reaches All-Time High
ARB Reaches All-Time High

Chart by TradingView

TIA had been following an ascending parallel channel since November, with its resistance and support trend lines frequently validated.

However, on December 16, TIA faced rejection at the channel's resistance trend line, leading to a downward movement and a breakdown from the channel on December 25.

On January 3, TIA experienced a low point at $9.36. Since then, the price has rebounded sharply, reclaiming the channel's support trend line and ultimately reaching a new all-time high.

Bullish Sentiment and Analysis

Market analysts and cryptocurrency traders have expressed bullish sentiment regarding TIA's future prospects, particularly highlighting its impressive recovery following the January 3 low. Some consider TIA as one of the most promising coins at present, while others suggest a shift of interest from SEI to TIA.

Elliott Wave theory, which involves analyzing long-term price patterns and investor psychology, indicates that TIA may have entered a wave three within a five-wave upward movement. The Relative Strength Index (RSI), a momentum indicator, further supports this bullish trend by showing readings above 50 and generating hidden bullish divergence.

Price Predictions

If the upward momentum persists, the initial target for TIA's peak is set at $22.80, representing a 73% increase from the current price. In an extended scenario, TIA could potentially surge by 133% to reach $31.

Despite these bullish predictions, it's essential to monitor TIA's performance closely. A close below the $14.60 support level could signal a bearish trend, possibly resulting in a 40% drop to the nearest support at $9.40.

Bottom Line: Celestia (TIA) has demonstrated remarkable resilience and achieved a new all-time high, sparking optimism about its future price potential.

Start automated trading on Cryptohopper today and enjoy a 3-day free trial!

Inbox Image


Get the weekly email with exclusive crypto analyses and news worth reading. Stay informed and entertained, for free.

Related Articles

Bot Trading 101 | How To Apply a Scalping Strategy
#Automated trading strategy#Strategy designer#EMA+3 more tags

Bot Trading 101 | How To Apply a Scalping Strategy

Cryptocurrencies | BTC vs. USDT As Quote Currency
#Bitcoin#crypto trading#crypto trading tips+2 more tags

Cryptocurrencies | BTC vs. USDT As Quote Currency

Technical Analysis 101 | What Are the 4 Types of Indicators?

Technical Analysis 101 | What Are the 4 Types of Indicators?

Bot Trading 101 | The 9 Best Trading Bot Tips of 2023
#crypto trading#trading bot#crypto trading tips+2 more tags

Bot Trading 101 | The 9 Best Trading Bot Tips of 2023

Start trading with Cryptohopper for free!

Free to use - no credit card required

Let's get started
Cryptohopper appCryptohopper app

Disclaimer: Cryptohopper is not a regulated entity. Cryptocurrency bot trading involves substantial risks, and past performance is not indicative of future results. The profits shown in product screenshots are for illustrative purposes and may be exaggerated. Only engage in bot trading if you possess sufficient knowledge or seek guidance from a qualified financial advisor. Under no circumstances shall Cryptohopper accept any liability to any person or entity for (a) any loss or damage, in whole or in part, caused by, arising out of, or in connection with transactions involving our software or (b) any direct, indirect, special, consequential, or incidental damages. Please note that the content available on the Cryptohopper social trading platform is generated by members of the Cryptohopper community and does not constitute advice or recommendations from Cryptohopper or on its behalf. Profits shown on the Markteplace are not indicative of future results. By using Cryptohopper's services, you acknowledge and accept the inherent risks involved in cryptocurrency trading and agree to hold Cryptohopper harmless from any liabilities or losses incurred. It is essential to review and understand our Terms of Service and Risk Disclosure Policy before using our software or engaging in any trading activities. Please consult legal and financial professionals for personalized advice based on your specific circumstances.

©2017 - 2024 Copyright by Cryptohopper™ - All rights reserved.