#Celestia - $TIA The first step of the scenario I described has happened. After this, in order for the positive divergence on the RSI to work and rise, it must first breach 4,064 and enter the range again, then grab the liquidity above the small red box below and daily close above it.

If it continues in this way, the sequential targets will be 5.70 and 6.75 as long as it does not fall below 4,064.

If it is rejected from here, the decline to the green box and below may deepen.

In summary, the conditions seem suitable for a double bottom formation (also Spring Phase for the Wyckoff Accumulation in this case), but the general condition of the market must allow for an increase and a daily close must be seen above the red box at the bottom.

Of course I am not talking about the big rally, the formation target is maximum up to the red box in the middle. As it progresses, the developing price action should be re-evaluated and the scenarios should be evaluated within the time frame I gave and the formation's target limits.

I explained the technical formations and possibilities in more detail in the previous analysis I quoted. It might be useful to read it again.