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TAOUSD

TAO ANALYSIS (12H)It looks like a completed double correction which was our wave A and where we put the green arrow on the chart it looks like a bullish pattern has started on the chart. The Boolean pattern appears to be a diametric. We are now in wave E of this diametric. From the red range, the price can be rejected downwards. Closing a daily candle above the invalidation level will violate this analysis and view. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
#TAO/USDT 250%+ Potential Profit! Breaking Out!!#TAO : One of the Best-Looking Breakout Charts! With only 1 million in supply, this coin has the potential to serve as a well-balanced asset to complement your more volatile investments. - Breakout: Confirmed - Retest: Currently in progress - Optimal Entry Range: $235 to $281 (Accumulate) - Target: Potential 250% gains as the altcoin market rallies! - Key Profit Levels to Watch: - $389 - $477 - $550 - $675 - $743 Stop-loss: Not placing one—accumulating for long-term holding over the next few months. Note: Do your own research (DYOR). This is not financial advice. Want more setups for spot and futures? Follow me and like this post! Thank you #PEACE
Long
by Cryptorphic
2
TAOUSDT at monthly resistance, resume upward after some retraceThe price has bounced from the weekly/monthly support after experiencing a downturn from the peak in march 2024. The support provided a good bounce and the price is now hitting monthly resistance level MR1 from where the price has pulled back and currently trading under that resistance. What I see in the coming week is that the price will retrace further down towards MS1 again and then reverse towards upside again. If the price is not able to break that resistance MR1 now or the next push and falls below MS1 before doing that, it would be a very bad sign for the price. That would increase the likelihood of the price breaching the below WS/MS level and then targeting MS2 zone in the long term. But the price has a chance to break that MR1 to avoid that big downside. Lets monitor how it works out with that MR1 in the coming days/weeks.
Long
by angela_altair