TAO is showing a strong breakout setup on the 4H timeframe after consolidating within a symmetrical triangle pattern. Price has been forming higher lows while testing descending resistance multiple times - a classic sign of bullish pressure building up.
The breakout candle is now pushing above the trendline with increasing volume and EMAs (50/100/200) acting as dynamic support, indicating potential continuation to the upside.
Cheers
Hexa
The breakout candle is now pushing above the trendline with increasing volume and EMAs (50/100/200) acting as dynamic support, indicating potential continuation to the upside.
Cheers
Hexa
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🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.