Buying $TAO Retrace with Fibonacci LevelsKUCOIN:TAOUSDT had an incredible move up last month, nearly 2x from the mid-300s to a high of $480.
We've hit a short term high, and seem to be in a consolidation phase.
How low will this go? Well, if we look at the Fib Retracement levels from the start of this run up to the recent high, we can identify three likely entry points:
$385
$360
$315
If you want to invest in Bittensor's innovative AI technology, you can buy at market price right now; or, you can set limit orders for the levels above, to DCA into your position.
Just keep in mind, the price may not reach these lows, and could turn bullish again at any monent.
If/when Binance lists this token, or Coinbase finally changes its flawed ranking on it, or a major tech company announces a partnership, this token could moon. 🚀
TAOUSDT
🤖💡 TAOUSDT Market Overview 📊💰💰 Market Position:
TAO stands at a substantial $1.5B market cap, residing in the top tier of AI-related assets.
📈 Recent Movement:
Following yesterday's Bitcoin movement, TAO bounced from the support level of $222.
🚀 Resistance Identified:
The next resistance is noted at $316.94.
🐂 Bullish Momentum:
Bulls have already driven TAO up by 20%, showcasing strong market momentum.
🔄 RSI Reversal:
RSI has demonstrated a reversal, supporting the positive momentum.
⚠️ Support Levels:
The next level of support is located at the $154 area.
📣 Summary:
TAO exhibits resilience with a bounce from $222 support, facing resistance at $316.94.
Bullish momentum, coupled with RSI reversal, signals positive sentiment.
Traders should monitor support levels, with the next support identified at $154.
#TAO #MarketUpdate #CryptoNews 🌐📊
$tao Tao's rising Channel.... More upside or Retracement?FWB:TAO Tao's Price action is currently in a rising channel!
Current price: $380
Price action needs to break out of rising channel for higher resistance: 430, 480
Else if price continues to reject top of channel, retracement to lower supports is imminent: 336, 302! (bearish divergence also spotted!)
Further break down from channel will lead to other supports: 271, 219
$TAO Bittensor Tao's Broadening Wedge...FWB:TAO Tao's Price action retraced from a high of about $380 and is currently Consolidating for it's next move forming a Broadening Wedge!
Current Price: $272
a break below the wedge will find supports 219
Else price action will ascend to resistances: 302, 336, 379 and possible price discovery at 430, 480.
🔄(TAOUSDT):Strong Uptrend, Consolidation, and Accumulation ZoneAn analysis of TAO (TAOUSDT) suggests a strong uptrend, consolidation phase, and highlights a potential accumulation zone, providing insights for market participants.
Key Observations:
Strong Uptrend: TAO has been in a strong uptrend, indicating prior bullish momentum.
Consolidation Phase: The coin has entered a consolidation phase, signaling potential accumulation before the next breakout.
Accumulation Zone: $284.90 is identified as a level likely to hold as support, representing a favorable accumulation zone.
#TAO #CryptoAnalysis #AccumulationZone
TAOUSDT If this line holds, it can reach $580.00Bittensor (TAOUSDT) is on a remarkable parabolic rally since the October 19 bottom, supported by a Higher Lows trend-line. Below that, is the natural technical Support, the 1D MA50 (blue trend-line). Technically every bullish leg of TAO during this run targets the +0.5 Fibonacci interval, where it consolidates until the next rally to the +0.5 Fib. As you can see, the first consolidation was on the 1.5 Fib, then the 2.5 Fib, where it currently trades sideways.
As long as the Higher Lows trend-line holds, we will target the 3.5 Fib extension at $580. If the Higher Lows trend-line breaks, we will take the loss and target a potential contact with the 1D MA50, with current projection estimates putting a target at $175.00 (but can change as the 1D MA50 rises).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
TAO seems impossible to stopI had been told of TAO when it was already over 70 USDT and I thought it would have retraced a bit to buy but instead it never really did a proper retracement and it has been on fire since then.
Yesterday I noticed that what it should have been a retracement attempt really turned into consolidation (bullish pennant I'd say) which is now breaking out. Honestly too much pumping, as you can see it's been over the TMA for a month now. Assuming for a chart so young TMA is reliable I'd expect a retracement but... PEOPLE IS BULLISH and when people is bullish pumps exceed expetation and TA. Even the oversold RSI and the clearly bearish DIV could mean nothing if people remains too much bullish.
I would love to pick some TAO around 140 USDT but it seems unlikely at this point, if this breakout doesn't pump too much maybe 170 area is more doable. The volume is lowering though!
Here the 4h chart:
At 4h the volume spiked so maybe we could see volume start rising again.
$TAO TAO'S Head and shoulder Pattern... Higher or Lower?FWB:TAO TAO's Price Action is currently printing a head and shoulder Pattern!
Current Support is around $246
Price action needs to make a bounce of this level for higher prices and continuous price discovery... Resistance Above: 271, 306, 336, 366
If #tao loses current support then a fall to lower supports: 219, 197, 176, 156 is expected!
$TAO Bittensor price action in Broadening Wedge... High or Low?FWB:TAO Bittensor has been on a relentless upwards tear!
Current price: $170
Price action keeps broadening in Wedge!
If FWB:TAO rejects angled resistance of wedge then buy the dips support areas are: 156, 136, 118
Else Bittensor continues upwards and breaks out of Wedge for 176, 197, 219 Resistances!
TAOUSDT Bullish leg to $100.TAOUSDT is rising after a Bull Flag pattern formed in the middle of its 2 month Channel Up.
A similar Bull Flag was formed in May 16th-24th and started a +62% rebound.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 100.00 (+62% projection).
Tips:
1. The RSI (1d) is rebounding on its MA line, same as on May 24th which was the Bull Flag's bottom.
Please like, follow and comment!!
TAOUSDT Buy upon a pull back or a break out.TAOUSDT is on a mini parabolic rally that is headed to Resistance (1) at 75.00.
The break out is a buy entry but can very well give a short term pull back first like in late May.
Trading Plan:
1. Buy if Resistance (1) breaks.
2. Buy any pull back to 60.00 as long as the MA50 (1d) doesn't break.
Targets:
1. 94.00 (Resistance 2 and top of Channel Up).
2. 75.00 (Resistance 1).
Tips:
1. The RSI (1d) is 5 days after the formation of a bullish cross. An additional buy signal.
Please like, follow and comment!!