Tire looks funny at the line. Safe?

Tire is 2 years old (comes with the car bought brand new from dealer). Pirelli warranty is known: 1 year limited. Other alternative (not OE) is continental but because car comes with warranty, if something goes wrong in drivetrain, they will claim that tire is not OE or recommended.

Money is not a factor here - all I wanted is either to replace it or simply get an expert advice. Pirelli themselves who know that I ordered 2 tires from them and paid upfront (online) told me when I went to their shop to replace the tires that the tire is good and I dont really need a new one and they refunded me the money. I thought its in their interest to just sell me a tire but they actually done great by being honest.
 
Got a better angle photo for reference. Zoom for details
 

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