💰 Market Position: TAO stands at a substantial $1.5B market cap, residing in the top tier of AI-related assets. 📈 Recent Movement: Following yesterday's Bitcoin movement, TAO bounced from the support level of $222. 🚀 Resistance Identified: The next resistance is noted at $316.94. 🐂 Bullish Momentum: Bulls have already driven TAO up by 20%, showcasing strong...
FWB:TAO Tao's Price action is currently in a rising channel! Current price: $380 Price action needs to break out of rising channel for higher resistance: 430, 480 Else if price continues to reject top of channel, retracement to lower supports is imminent: 336, 302! (bearish divergence also spotted!) Further break down from channel will lead to other supports: 271, 219
FWB:TAO Tao's Price action retraced from a high of about $380 and is currently Consolidating for it's next move forming a Broadening Wedge! Current Price: $272 a break below the wedge will find supports 219 Else price action will ascend to resistances: 302, 336, 379 and possible price discovery at 430, 480.
An analysis of TAO (TAOUSDT) suggests a strong uptrend, consolidation phase, and highlights a potential accumulation zone, providing insights for market participants. Key Observations: Strong Uptrend: TAO has been in a strong uptrend, indicating prior bullish momentum. Consolidation Phase: The coin has entered a consolidation phase, signaling potential...
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 $246 Price action needs to make a bounce of this level for higher prices and continuous price discovery... Resistance Above: 271, 306, 336, 366 If #tao loses current support then a fall to lower supports: 219, 197, 176, 156 is expected!
Despite I am bullish on this one, I don't think we see 5 digits till 2025. 200$ to 100$ is area of accumulation.
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 rising after a Bull Flag pattern formed in the middle of its 2 month Channel Up. A similar Bull Flag was formed in May 16th-24th and started a +62% rebound. Trading Plan: 1. Buy on the current market price. Targets: 1. 100.00 (+62% projection). Tips: 1. The RSI (1d) is rebounding on its MA line, same as on May 24th which was the Bull Flag's bottom. ...
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...
Just watch the pump an dump from run up to drop to 76 and to my zone finally hitting its range see it it finishes to the wedge