The price of Bittensor is still dangling at around the order block I previously mentioned at $245/TAO, and it seems that the order block acts as a nice support. A cup and handle pattern has also formed and checks out beautifully in the 4h time-frame as well.
Price is still moving below both 50 and 100 Moving Averages. RSI is oversold.
If it breaks the cup and handle downtrend, expect prices to drop to $185/TAO
If the price follows the cup and handle pattern, I'm expecting we break out of the triangle towards $500/TAO again. Let me hear your thoughts and opinions.
Price is still moving below both 50 and 100 Moving Averages. RSI is oversold.
If it breaks the cup and handle downtrend, expect prices to drop to $185/TAO
If the price follows the cup and handle pattern, I'm expecting we break out of the triangle towards $500/TAO again. Let me hear your thoughts and opinions.
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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.