📈$TIA Chart Analysis Summary

Based on your chart:

✅ Pattern Observed:

Downtrend Breakout:

The price has been in a long-term downtrend (marked by the thick red descending trendline), but now:

The price has broken out above the downtrend line.

It is hovering above this trendline, showing a possible trend reversal or bullish attempt.

🔍 Key Technical Points:

📌1. Resistance Zone:

Around 1.70 – 2.00 (horizontal dashed line).

This was a previous support area that turned into resistance.

📌2. Current Price Action:

Current price is around 1.63.

It's trying to hold above the breakout level but hasn’t strongly broken above 1.70 yet.

Small consolidation/range between 1.60 – 1.70, forming a potential bullish base.

📌3. 200 EMA (Red Curved Line):

Price is testing the 200 EMA from below.

A successful breakout and retest of this moving average could confirm a bullish reversal.

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📌⚠️ Watch Levels:

Type Level Comment

Support 1.60 If price drops below, downside resumes.

Resistance 1.70–2.00 Critical breakout zone for a bullish move.

Target if breakout holds 2.20 – 2.50 Mid-level resistance if uptrend continues.

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🧠 Strategy Suggestions:

Bullish Bias: If price holds above 1.70 and 200 EMA.

Wait for confirmation: Ideally a candle close above 1.70 with volume.

Caution: If the price fails to hold above the breakout and drops back below 1.60, it could be a false breakout.