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Bittensor / Tether

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TAOUSDT trade ideas

Despite the AI crypto marker surge Bittensor(TAO), the 4th largeThe RSI reading at down the 50 midline level 37 shows increased selling pressure. However, the TAO has now formed a sideway pattern, indicating a physical zone for neutrality. Bulls now demand for a potential breakout from the zone $382 to $402 is much required, any direction above or below this will continue the rally in the same direction. Trade Setup: Enter in $382 to $402, without the $382 breakout for stop loss. Trend: Neutral but Long-term Bullish. Bittensor (TAO) Price Prediction The overall current technical indicator shows a neutral above-support momentum. Currently on a breakout with a downward channel followed by a sideways pattern. The price trading below 50 day and 200 days SMA entranced a death cross moment, the price is motivated to push down from here and hold at new support. Traders should wait for the selling pressure to end and watch the price near $372 to enter the positions.
by foomaclen
GOT BORED W BTC SO LET'S TRY TAOTAO is one of the hottest that we have in this new era. Ight back to the chart, based on the chart only we have 2 scenarios. The first scenario is the one if the TAO following the BTC price(as most of the coin), drawn by the green color . We will have 2 entry points based on the first scenario 415 and 400 . In the second scenario , the price holds at 439 and continues the bullish run . . Still, if u want to take entry pls take it carefully, and manage ur risk well. Until then . . Stay Safe X.CO . . P.S If u want Outlook DM for pricing ty
by Eirxco
A good pattern in Crypto marketHello everyone I am not fundamentalist (I wish I was) and I do not have enough time to follow Crypto White papers and it is a big gap in my work. I search in the market, like a gold seeker, and find whatever fit with my strategy which is so simple. In this way, I have found this project and I am sure most of you are know about it significantly more than me. The last movements and history of its previous waves are incredibly essential for any analyst but what I am counting now is a perfect wave 1 cycle and if it is correct so we can expect a BULL market for that. Second scenario is that this chart ATH was the end of wave 5 and we are in the start of a bear market in lower degree. I do not think that the second scenario makes sense in this market.
Long
by AMA_FX
TAO Weekly AnalysisTAO is currently in a significant downtrend, emerging as the biggest loser of the previous week with a substantial loss of 25.50%. This downtrend persists as TAO continues to establish new lower lows and lower highs in parallel. The support level at $430 has been breached by TAO, and the bearish momentum has even broken the long-term support at $400, which has now turned into a resistance level. There is a possibility of TAO retesting this price mark in the near future. Both oscillators and moving averages strongly indicate a sell signal for TAO. However, for long-term Hodlers bullish on the AI sector, this downtrend could present an opportunity to buy the dip or hold onto their positions.
Short
by Mudrex
$TAO Bittensor Tao's Broadening WEdge... Still Retracing?GETTEX:TAO has done a 38% retracement from its all time height of over $760 Current price: $524 If Bittensor's price action continues to respect this broadening wedge, only two outcomes are possible: 1. #tao can continue its retracement to lower supports 479, 429 (perfect dip buying opportunities) Else 2. Tao will continue its ascent to higher prices retesting resistances at 578, 659, 752 and possible price discovery at 847, 950
by Ifiok-2sydes
6
An upcoming "Sell the News" on Bittensor (TAO)?Bittensor ( BITGET:TAOUSDT ) was listed yesterday on Binance! A big wick marking a new ATH has been made, but beware, could this be a short-term "Sell the News"? For the moment, Perfect Cloud (BPC) remains in the green, in an uptrend, but its cloud is starting to look thin. In fact, TAO has never retested its Vegas Daily (blue cloud) of the Trend Identifier (BTI) since the start of its uptrend. If the price really needs to breathe, this would be an interesting area to take a trend-following position.
Short
by Blockunity