Key Takeaways
TIA has been undergoing a prolonged corrective phase but is now showing potential signs of a bullish reversal.
The daily chart suggests that the asset may have completed a W-X-Y-Z correction, establishing a strong demand zone around $2.67–$3.14.
Meanwhile, the hourly chart reflects an impulsive rebound with an initial five-wave structure, indicating a possible trend shift.
Fibonacci retracement and extension levels offer key insights into potential price movements.
The daily TIA chart highlights a significant corrective structure that unfolded as a complex W-X-Y-Z pattern following its peak at $22.
A series of lower and lower highs were established, with the price consistently rejected from the descending trendline resistance.
However, the asset has now revisited a historically significant support region between $2.67 and $3.14, where previous demand resulted in strong bullish reversals.
This support region aligns with key Fibonacci retracement levels, adding confluence to its potential as a local bottom. Moreover, during the daily timeframe, RSI hovers around oversold conditions, hinting at the possible exhaustion of the bearish momentum.
If this zone holds structurally, a bullish reversal could take shape. The next major resistance level stands at $5.65, a horizontal level where previous price rejections have occurred.
A breakout beyond this level would confirm a trend reversal, signaling a potential larger rally.
However, failure to hold the green demand zone could trigger a deeper sell-off, potentially pushing TIA to lower untested levels. Until a decisive breakout occurs, the price remains within a broader downtrend.
The lower time frame reveals a developing five-wave impulse, indicating the early stages of a potential bullish breakout.
Following a corrective decline into the $2.67–$3.14 demand zone, TIA has started an impulsive wave, with sub-wave structures forming.
The recent wave count suggests that TIA has completed a leading diagonal and is recovering from a corrective a-b-c retracement.
Price action recently found support at the 0.618 Fibonacci retracement level ($3.14), further validating the demand zone.
If this recovery sustains momentum, key Fibonacci extensions provide logical upside targets. The 1.0 extension is $4.69, aligning with prior local highs.
Further resistance levels lie at the 1.618 ($5.94) and 2.0 ($6.72) Fibonacci extensions, coinciding with major historical resistance points.
A rejection from the descending trendline or a failure to clear the 0.618 retracement ($3.92) could lead to another corrective move.
The invalidation point for this bullish scenario is below $2.67—if the price falls beneath this level, a deeper decline could unfold.