TaoUsdt respecting structure beautifully and breakout soon

Oct 10

HI everyone,

Today its Bittensor Tao technical analysis.

The structure is very clear and easily visible on chart.

First, second and third breakouts mention with candle bodies closing above strong resistances.
Targets mentioned as well.

I think its has successfully found a low against btc or very close to.

Yellow zones are previous accumulation ranges and current accumulation ranges.

i have also mentioned bottoming fractals as per previous fractals

Rsi on 3d timeframe is almost close to breakout of its trendline.

At the moment, we are waiting for first breakout to enter the trade.

Not a financial advise just my thoughts

Previously i have picked up some great moves as you guys can see in my previous post.

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have a great day and best of luck

Nov 3

Trade active

Apart from crash Tao chart is following a good foot print of what i have analysed and is among some of the very few charts that have shown momentum. The 3 day closure has happened and closed successfully outside the range. the problem is the wick to the top means the candle closure can be followed by consolidation. Breaking the high of the wick in a weeks time is an ideal scenerio for further upside till then it looks like wait and watch.