🔻 TIA: Pattern "Double Top" – potential decline?
The TIA coin has formed a bearish double top pattern, which may indicate a possible continuation of the correction.
📊 Current price: $1.628
📌 Local maximum (tops): $1.728
📌 Local minimum (neckline): $1.618
🎯 Potential decline targets:
According to the classic formula, targets are calculated as the difference between the top and the neckline:
➡️ $1.728 - $1.618 = 0.11
If the support at $1.618 is broken, possible targets:
Target 1: $1.618 - 0.11 = $1.508
Target 2 (if selling pressure increases): $1.45–$1.48 area of interest
⚠️ Attention: The pattern is not yet confirmed, the key level is $1.618.
Only a confident breakout with volume will strengthen the signal for a decline.
❗ Important: This analysis is not financial advice.
Before making trading decisions, be sure to conduct your own analysis and consider the risks.
💬 What do you think? Will the pattern work or will the bulls hold the level?
