TAUSDT 🔎 Technical Analysis of the Chart (TAUSDT, 4h):
1. Triangle Pattern (Symmetrical Triangle):
The recent price action is consolidating inside a symmetrical triangle.
This indicates market compression and a possible breakout soon.
2. Support and Resistance Levels:
Strong support around 0.09 USDT
Key resistance at 0.16 USDT
Major resistance above at 0.40 USDT (previous top).
3. Stoch RSI Indicator:
Currently in the middle zone (not in overbought or oversold), meaning the market could move either way.
4. AO (Awesome Oscillator):
Recently turned slightly green, showing buyers are returning, but still weak.
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📈 Possible Scenarios:
Bullish Breakout:
First target: 0.16 USDT
Next target: 0.22 USDT
With strong momentum, it may retest the 0.40 USDT level.
Bearish Breakdown:
Key support: 0.09 USDT
If 0.09 breaks, price could drop further to around 0.07 USDT.
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📌 Summary:
The price is currently in consolidation (triangle squeezing) and will soon choose a direction. Trading volume at the breakout or breakdown will be crucial.
