This Layer-1 Altcoin Looks ‘Interesting’ After Forming Classic Bottom Structure, According to Veteran Trader
A veteran trader known for timely crypto calls says he’s leaning bullish on the native token of a modular blockchain project. Pseudonymous trader The Flow Horse tells his Telegram channel that Celestia (TIA) may be gearing up for a breakout after forming a classic bottoming pattern during the last six months. “I find TIA very interesting right now. For a few reasons: There seemed to be a major capitulation of emotions on it over the last few days, peaking during the period that [venture capitalist] Chris Burniske was the target of CT (crypto Twitter) over his position on it. Because of that it has become something that while new and novel, has been largely written off. It is bouncing along the same low now for six months. Contextually not a bad area to build a position if you expect this market to continue to work the way it does.” However, he warns that TIA may first dip to the $4 level before entering an uptrend. “Personally, I thin...