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FxWirePro- TIAUSD Daily Outlook

Wed, 29 May 2024, 02:46 am UTC

Celestia is a modular data availability (DA) network that securely scales with the number of users, making it easy for anyone to launch their blockchain.

Celestia Blockchain details-

Blockchain time- 15 seconds

Transaction Speed- 0.19 seconds

Transaction fees- $0.01.

TIAUSD performed well in the past two days.

Any daily close above $21.50 confirms further bullishness.

TIAUSD gained more than 20% in the past four days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $10.37 and is currently trading around $10.24.

The bullish invalidation can happen if the pair closes below $7.50. On the lower side, the near-term support is $10. Any break below target $8/$7.50. Any violation below $7.50 targets $5.

The immediate resistance stands at around $12.50. Any breach above confirms bullish continuation. A jump to $15.50/$18.50/$21.50 is possible. A surge past $21.50 will take it to $30.

It is good to buy on dips around $8 with SL around $6 for TP of $20.50/$25.

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