Known as a chronic trader, The Flow Horse expressed optimism on his Telegram channel regarding Celestia (TIA), suggesting it may break out following the formation of a classic bottom pattern over the past six months.
Market Sentiments and Reactions
The Flow Horse noted that TIA has recently experienced emotional capitulation, coinciding with criticisms aimed at entrepreneur Chris Burniske on crypto Twitter during this period.
Expected Breakout and Price Predictions
The trader predicted that TIA could rise from its current low levels but warned it might dip to around $4 before any upward momentum.
In September, Burniske anticipated TIA would perform exceptionally well during this timeframe and invested in these tokens, expecting significant recovery in the future.
“I find TIA very interesting right now for several reasons,” said The Flow Horse.
“This structure requires a push below all lows before a buyback, which overlaps with a large buy order around $4,” he explained.
Currently, TIA is trading at $4.67, having lost 5.1% in value over the last 24 hours.
The trader emphasized the importance of keeping TIA under observation while expecting the market to maintain its current structure.
These assessments provide crucial insights into TIA’s future movements in the crypto market.
