$TAO Bittensor Ascending Triangle .. SPOT ONLY!Bittensor price action is forming an Ascending Triangle
Current Price: $260
If GETTEX:TAO price continues to print higher lows then expect a journey to the horizontal resistance at $358
#TAO Up resistances: 285, 358!
A successful break out of the horizontal resistance will seek resistances at 437, 504
This idea is invalidated under 230!
TAOUSDT
TAO ANALYSIS (4H)It seems we’ve completed a double correction, marking the end of wave A. At the point where we’ve placed the green arrow on the chart, it appears a bullish structure is taking shape.
The pattern forming resembles a diametric, and we are currently within wave E of this structure.
There’s potential for the price to be rejected downward from the red zone.
If the daily candle closes above the invalidation level, it would negate this analysis.
For effective risk management, make sure to set your stop loss and manage your capital accordingly.
Feel free to drop any questions in the comments.
Thank you!
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
#TAO/USDT Potential Rally Incoming!#TAO Price Update & Analysis
TAO is rallying as expected. It broke above the resistance trendline, retested the 35 EMA, and has recently rebounded.
- Breakout: Confirmed.
- Retest: Confirmed.
- Optimal Entry Range: $235 to $281 (Accumulated).
The strategy will remain the same:
- Accumulation: DCA every dip.
- Stop-loss: Not placing one—accumulating for long-term holding over the next few months.
- Key Profit Levels to Watch:
- $389
- $477
- $550
- $675
- $743
Do your own research (DYOR). This is not financial advice.
Thank you
#PEACE
#TAO #Crypto
TAO ANALYSIS🔮 #TAO Analysis 🚀🚀
💲💲 #TAO was trading in a Descending Broadening Wedge Pattern, and trying to breakout the pattern. Also there is an instant resistance zone and after the breakout of resistance zone and pattern we will see a bullish move. 📈📈
💸Current Price -- $327
📈Target Price -- $640
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#TAO #Cryptocurrency #Breakout #DYOR
#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
TAO Update in a Daily TimeframeTAO is currently in a descending triangle pattern, forming a downtrend. After being rejected by the 100 EMA and the resistance trendline, TAO has dropped nearly 28% and is currently holding support at $260.
If TAO fails to hold the primary support, it is expected to find support at $212, followed by a potential rebound.
For a bullish rally, TAO must break out above the 100 EMA and the resistance trendline, either from the primary support or the lower support.
Note: Be sure to conduct your own research and analysis before investing.
Regards,
Team Dexter.
#Tao #Crypto
TAO Technical Analysis in 2-Day TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
TAO is in a downtrend and is holding support at $218. It is currently facing resistance at $321.87, and given the current market scenario, TAO is likely to undergo some correction, followed by a rebound.
The resistance is quite strong for TAO, but if it manages to close above this level, a bullish move is likely.
Key levels:
- Support: $218 to $250
- Resistance: $302 to $321
- Target: $500-$700
- Invalidation: A close below the support level.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
Tao/Sol: A New Chapter in the Sol/Eth SagaA new star emerged in the silent void, its light a whisper of ancient tales. Born from cosmic dust, it carried the echoes of those who once burned bright, their stories etched in the fabric of the universe. The star's glow reached out, finding a lone comet drifting through time.
As they drew near, the comet felt the pull of a forgotten connection, a bond that transcended the ages. They spiraled together in a dance of light, repeating the history of their ancestors. Their union blazed across the heavens, a timeless tale reborn, written in the language of the stars.
Trade Setup: TAO Long PositionMarket Context:
TAO has shown a change of character (CHOC) and risen 82% in price during July.
We're looking for a higher low to establish a trend for continuation higher, turning previous resistance levels into support.
Trade Parameters:
Entry: Enter in the golden zone, mid-range. Specifically, retesting the $266 to $280 area of resistance as support.
Take Profit:
First target: $480
Second target: $560
Third target: $740
Stop Loss: Set at a daily close below $200.
Additional Notes:
Maintain some dry powder in your TAO allocation in case of a larger pullback to dollar-cost average (DCA) at range lows.
Monitor price action closely in the $266 to $280 area to confirm support before fully committing to the trade. Adjust your strategy if market conditions change significantly.
#TAO #TradingStrategy #CryptoTrading 🎯
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.
$TAO bittensor Falling Wedge ... 70% Retracement Completed!#TAO price action still respecting its falling wedge...
Current price: $303
GETTEX:TAO Bittensor has retraced 70% from it's all time high to a low of $235
All time high $795
Expect test of past resistances!
Up resistances: 370, 479, 578, 659, 752 and then price discovery at 847, 938, 1070.
224 is a major key support!
224 - 285 is a remarkable buy the dip area!
TAO ANALYSIS🔮 #TAO Analysis - Breakout 🚀🚀
💲💲 There is a breakout of Falling Wedge Pattern in #TAO and trying to retests the level. It's a daily time frame breakout and we will see more higher price in long-term. A successful retest is done and now we could see proper a rally 📈📈
💸Current Price -- $355.60
📈Target Price -- $722.00
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#TAO #Cryptocurrency #Breakout #DYOR
TAO Technical Analysis and Chart UpdateHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
In 20 days, #TAO has gained 80% from the mentioned support level.
This is exactly what I meant when I said, "Patience is the key."
The price has broken above the resistance trendline and is currently retesting it. I am looking forward to a successful bullish rally on TAO in the coming days.
If you don't want to miss trade setups and updates like this, then do follow and turn on notifications.
Thanks.
#crypto #Altseason2024
Bittensor Price Prediction: Will TAO Crypto Break Resistance?MEXC:TAOUSDT has displayed notable bullish momentum over recent sessions, with closing prices moving from $259.5 to $264.9. This consistent upward trajectory is supported by the 9 and 20 EMAs, which have been trending higher, indicating a strong short-term and medium-term bullish trend.
Current price action suggests that the Bittensor price is poised to challenge critical resistance levels. Immediate resistance is observed at $282.8, with further resistance at $287.4 and $287.5.
A successful breach of these levels could signal a continuation of the bullish trend, potentially driving prices higher. On the downside, support is solid at $264.4 and $256.0, with a more substantial support level at $214.5. These levels will be crucial for traders looking to enter long positions, as holding above these supports would reinforce the bullish outlook.
MACD values indicate a strong bullish momentum, with the MACD line consistently above the signal line and the histogram showing positive values. This suggests that the current uptrend is gaining strength. Meanwhile, the RSI, currently in the mid-60s, is approaching overbought territory. However, it still has room to grow before indicating an overbought condition. This suggests that there is potential for further upward movement.
For traders looking to capitalize on the current bullish momentum, entering long positions at or near the support levels of $264.4 and $256.0 could be advantageous. Exit points around the resistance levels of $282.8 and $287.4 could then be set. Conversely, if the price fails to hold above the support levels and begins to show signs of a reversal, short positions might be considered, targeting the lower support at $214.5.
In conclusion, the TAO crypto exhibits a strong bullish trend supported by positive technical indicators and clear support and resistance levels. Traders should watch for price action around these key levels to identify potential entry and exit points.
TAO/USDT Technical Analysis in a Daily Timeframe.Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
Since early April 2024, TAO has dropped by 68% and may fall further by 20%-25%, reaching lower support levels between $194 and $217.
A rebound can be expected after hitting these support levels. This rebound will likely push the price back to its ATH target of $777, gaining almost 260%.
Here are the key observations:
~ Strong support/Entry: $194 to $217.
~ Primary Resistance: $287 to $306.
~ Potential rebound/Target: $777 (All-time high).
~ RSI: Slight increase in momentum from the oversold area, indicating a bullish scenario.
~ Invalidation point: A breakdown and close below the support level.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
$Tao's Falling Wedge... Resistance/Support Flip?#TAO price action current in a falling wedge...
All time high $795
Tao Bittensor has retraced almost 60% from it's all time high to it current price of $375 forming a double bottom - Previous Resistance is now support!
Expect test of past resistances!
Up resistances: 479, 578, 659, 752 then 847, 938, 1070.
Invalidation under 340 support!
Supports under $340: 285, 224.