my thoughts on TAO
avg entry TAO $238
Thoughts? 1/2
- on Daily, looks like consolidation, trying to break ATHs. If we cool down we might test prev ath as support, then continue.
- on 4h, big bearish divergence which indecates down could be the next move. Although could be invalidated if RSI makes HH.
IF .. THEN
- IF we continue higher, my first sell target would be 575$
- IF this was the move, then retrace to at least prev ATH, preferable 0.5-0.618 for buying.
Thoughts? 1/2
- on Daily, looks like consolidation, trying to break ATHs. If we cool down we might test prev ath as support, then continue.
- on 4h, big bearish divergence which indecates down could be the next move. Although could be invalidated if RSI makes HH.
IF .. THEN
- IF we continue higher, my first sell target would be 575$
- IF this was the move, then retrace to at least prev ATH, preferable 0.5-0.618 for buying.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.