✴️ Bittensor (TAO) Completes 1,262% Bullish Wave, What Now?

This is a very interesting chart. Bittensor (TAO) hit bottom May 2023, as soon as this bottom hit a new bullish phase got started.

From May 2023 through mid-December, the 14th to be exact, TAOUSDT grew by a massive 1,262%. A bullish wave 220 days long. After such strong growth, a correction tends to follow.

➖ We have a rising pennant that is already breaking bearish.
➖ TAOUSDT moved yesterday below EMA10 and today is challenging EMA21 as support.
➖ The RSI has been trending down for more than a month, it peaked 6-Nov.
➖ Trading volume also peaked in November and afterward started to decline.

These signals are pointing toward lower prices.

Note: There can be additional growth, very unlikely but still possible. One final jump, shakeouts, etc.
The trend is bullish but the potential right now is strongly bearish.
Buy low, sell high. This pair is trading really high, a new All-Time High.

Prepare for the drop.

Namaste.