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Another $TAO Bittensor tao's Falliing Wedge-Major support RetestGETTEX:TAO Tao Bittensor has formed yet another Falling Wedge Current price: $243 For everytime #Tao has formed these falling wedges with Key support around 224, It has been accompanied by an explosive move upwards. #Tao has also lost over 70% of it's value from an all time high of 795. So it is low risk. Expecting retest of these supports: 370, 578 This idea Invalidation under 224! More Extensive Analysis: This chart is showing the price action of GETTEX:TAO (Bittensor) against USDT on a weekly timeframe, traded. Here’s a more extensive analysis based on the provided chart: 1. Falling Wedge Pattern - The chart highlights a falling wedge pattern, characterized by converging downward-sloping trendlines. - Falling wedges are typically bullish reversal patterns, meaning a potential breakout to the upside could occur. - The previous falling wedge led to a strong rally, suggesting a similar scenario might unfold. 2. Current Price & Key Levels Current Price: $243 Support Levels: Most recent low $224 Resistance Levels: $260 - $285** (near-term resistance) $370 - $380 (tp1 - Take Profit 1)** $578 - $600 (tp2 - Take Profit 2)** $794 (long-term resistance)** 3. Key Takeaways & Trade Outlook* - If the price breaks out above the falling wedge, a bullish move toward $370+ is possible. - If the price breaks down further, the next major support is around $224. - Traders might look for **confirmation** of the breakout before entering long positions.
Long
by Ifiok-2sydes
1
#TAO/USDTThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We are experiencing a rebound from the lower boundary of the descending channel, which is support at 213. #TAO We are experiencing a downtrend on the RSI indicator, which is about to break and retest, supporting the upward trend. We are heading for stability above the 100 moving average. Entry price: 262 First target: 294 Second target: 319 Third target: 354
Long
by CryptoAnalystSignal
#TAOUSDT – Fast Trade, Monitoring Price Action📉 SHORT BYBIT:TAOUSDT.P from $340.00 🛡 Stop Loss: $354.55 ⏱ 1H Timeframe ⚡ Trade Plan: ✅ The BYBIT:TAOUSDT.P price is forming a downtrend after breaking a Falling Wedge pattern. ✅ The asset is trading below POC (Point of Control) at $363.85, confirming seller dominance. ✅ After forming a double bottom (Bottom 1 & Bottom 2), the price tested resistance but failed to hold above it. 🎯 TP Targets: 💎 TP 1: $334.00 🔥 TP 2: $328.00 ⚡ TP 3: $321.00 📢 This is a fast trade – it's crucial to monitor the coin's behavior and quickly adjust take-profits. 📢 A close below $340.00 would confirm further downside movement. 📢 POC at $363.85 is a key volume area where sellers are in control. 📢 Increasing volume on the drop supports the bearish outlook. 📢 Taking partial profits at TP1 ($334.00) is a smart risk-management strategy. 🚨 BYBIT:TAOUSDT.P remains in a downtrend – monitoring for confirmation and securing profits at TP levels!
Short
by MoriartyTrading
Bittensor’s Meteoric Rise: Can It Hit $550 Next?In a market full of uncertainty, Bittensor (TAO) is defying the odds. While many altcoins struggle to find momentum, TAO has surged 33% this week, drawing attention from traders and investors alike. It’s not just a short-term spike. Over the past 24 hours alone, Bittensor has gained 15.61%, with a trading volume of $320.47 million fueling the rally. The broader trend is equally impressive—up 18.31% this week and posting a YTD return of 4.17%, proving that bullish sentiment is alive and well. What’s Driving the TAO Rally? 📊 MACD Signals Strength – The rising green histogram confirms increasing buying pressure. 📈 Golden Cross Incoming? – The 50-day and 200-day EMAs are aligning for a potential breakout. 📌 Key Resistance Ahead – If TAO holds above $500, the next stop could be $547. What’s Next? A sustained rally could push TAO into price discovery mode. But if momentum fades, support at $437.50 will be key. A deeper correction could send it toward $326 if sellers take control. For now, Bittensor remains a standout performer, proving that even in turbulent markets, there’s room for strong breakouts. The question is—will it reach $550 next?
Long
by paul_endeo
#TAO/USDT Ready to launch upwards#TAO The price is moving in a descending channel on the 4-hour frame and is adhering to it well and is heading to break it strongly upwards We have a bounce from the lower limit of the descending channel, this support is at a price of 362 We have a downtrend on the RSI indicator that is about to be broken, which supports the rise We have a trend to stabilize above the moving average 100 Entry price 472 First target 502 Second target 535 Third target 577
Long
by CryptoAnalystSignal
TAO / USDT : On the verge of massive breakout TAO/USDT: On the Verge of a Massive Breakout! TAO/USDT is setting up for an explosive move 📈 as it hovers near a crucial trendline resistance zone 📊. The price has been consolidating tightly, creating the ideal conditions for a breakout 💥. If confirmed, we could witness a powerful bullish rally unfold 🚀. Stay alert and watch for key confirmation signals before making a move! Key Insights: 1️⃣ Trendline Resistance: TAO/USDT is approaching a major resistance level that has previously acted as a strong barrier. A breakout above this zone could trigger a significant upside rally. 2️⃣ Volume Surge: Watch for a substantial increase in trading volume during the breakout to confirm strong buyer momentum 🔥. 3️⃣ Bullish Indicators: RSI and MACD are showing increasing bullish momentum ⚡, adding confidence to the breakout scenario. Breakout Confirmation Checklist: ✅ A solid 4H or daily candle closing above the trendline. ✅ A sharp increase in volume during the breakout to confirm buying pressure. ✅ A successful retest of the broken resistance as a new support zone for added validation. ⚠️ Be mindful of potential fake breakouts, such as sharp reversals or long wicks above resistance. Risk Management Strategies: 🔒 Use stop-loss orders to protect against unexpected reversals. 🎯 Ensure proper position sizing to align with your overall risk management strategy. This analysis is for educational purposes only and not financial advice. Always DYOR (Do Your Own Research) before making any investment decisions! 🔍
Long
by Crypto-By-Ghazi
TAO Breakout Imminent? Watch These Crucial Levels Closely!Yello, Paradisers! Is #TAO gearing up for a powerful breakout, or are the bulls about to hit a wall? Let’s break this down step by step because this could be the turning point for TAO! 💎#TAOUSDT has reversed strongly after grabbing liquidity at lower levels, and it’s now shaping into an inverse head-and-shoulders pattern—one of the most promising bullish structures. If the breakout confirms, TAO could target the unfilled inefficiencies above. But will the bulls carry this momentum all the way? 💎Currently, TAO is testing the neckline of this pattern, with resistance sitting at the $460–$470 zone. A clean breakout and successful retest of this level as support could ignite further bullish momentum, pushing TAO toward $540–$550. This zone is critical as it holds the 61.8% Fibonacci retracement and aligns with the descending resistance, making it a significant hurdle for the bulls to conquer. 💎Should TAO break through $550, the next target lies at $620–$640—a region where the pattern target completes. However, be cautious here. This level could trigger aggressive profit-taking, and we know how markets react when the herd gets too excited. 💎On the flip side, TAO’s immediate goal is to flip the $460–$470 range into support. If this happens, it could act as a major catalyst for continued bullish momentum. If the bulls fail to hold this level, strong support lies below at the $430–$415 zone—a key area with the strength to absorb short-term selling pressure. Patience and discipline are key here, Paradisers. The market often tests both bulls and bears before making decisive moves, so stay vigilant. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
1