FWB:TAO 's Price Action has formed a bullish Pennant! Current price: $260 A break out of Pennant will lead to price discovery up to $350.. Else Price may retest strong support around $247
Bittensor (TAOUSDT) is on a remarkable parabolic rally since the October 19 bottom, supported by a Higher Lows trend-line. Below that, is the natural technical Support, the 1D MA50 (blue trend-line). Technically every bullish leg of TAO during this run targets the +0.5 Fibonacci interval, where it consolidates until the next rally to the +0.5 Fib. As you can see,...
I had been told of TAO when it was already over 70 USDT and I thought it would have retraced a bit to buy but instead it never really did a proper retracement and it has been on fire since then. Yesterday I noticed that what it should have been a retracement attempt really turned into consolidation (bullish pennant I'd say) which is now breaking out. Honestly...
FWB:TAO TAO's Price Action is currently printing a head and shoulder Pattern! Current Support is around $246 Price action needs to make a bounce of this level for higher prices and continuous price discovery... Resistance Above: 271, 306, 336, 366 If #tao loses current support then a fall to lower supports: 219, 197, 176, 156 is expected!
FWB:TAO Bittensor has been on a relentless upwards tear! Current price: $170 Price action keeps broadening in Wedge! If FWB:TAO rejects angled resistance of wedge then buy the dips support areas are: 156, 136, 118 Else Bittensor continues upwards and breaks out of Wedge for 176, 197, 219 Resistances!
I believe it's highly overbought, and i'm selling for that reason. This has worked before, and will most likely work again. Not financial advice! But it's happened last time, and the time before that. and it tends to be very accurate on larger time frames.
TAOUSDT is on a mini parabolic rally that is headed to Resistance (1) at 75.00. The break out is a buy entry but can very well give a short term pull back first like in late May. Trading Plan: 1. Buy if Resistance (1) breaks. 2. Buy any pull back to 60.00 as long as the MA50 (1d) doesn't break. Targets: 1. 94.00 (Resistance 2 and top of Channel Up). 2. 75.00...