$TIA is currently showing an interesting setup on the 4-hour chart, forming a descending triangle pattern. This is a well-known consolidation structure that typically signals a continuation to the downside, especially following a period of bearish momentum.
What's especially interesting here is the way price has been respecting a solid support zone around $1.32, which has acted as a key level multiple times. As price continues to coil within the triangle, we're seeing tightening ranges, which suggests that a breakout is imminent. If price breaks below this support, we could see further downside momentum towards lower levels.
However, the bulls have a chance to invalidate this bearish pattern. If we see a strong reversal and a break above the trendline resistance at around $1.47, we could be in for a short-term bounce. The RSI is also in an interesting spot, showing some signs of divergence, which could indicate a shift in momentum.
As always, remember that no pattern guarantees a move. The key here is to wait for confirmation whether that's a clean break of support for further downside or a breakout above resistance for a potential upside.