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TAOBUSD trade ideas

TAO/USD SHORT. WAITING FOR BUY OPPORTUNITY AT 220 in FEB TAO: Waiting for the opportunity for the right shoulder to close. As of December 18, we are at a price of approximately 500 TAO/USD, and we are anticipating a buying price in the range of 215 TAO/USD. There is a clear and perfect head and shoulders pattern on the weekly chart that is expected by February 2025. To track this correctly, we need to monitor the breakout of the following Fib resistance levels: At the 0.5 Fib resistance line (466 TAO/USD) At the 0.388 Fib resistance line (408.43 TAO/USD) At the 0.236 Fib resistance line (366.45 TAO/USD) And reaching the reset line at 0 (220 TAO/USD) This is not investment advice; it is purely educational and for training purposes.
CRYPTO:TAOBUSDShort
by Wulfo
2
#TAO/USDT / Long / Potential 127.22%#TAO/USDT / Long / Potential 127.22% Macro Bittensor ticks two big buzzword boxes; blockchain and AI. AI development is currently highly centralized, with significant power concentrated in a few large tech companies and individuals (and individuals, like Sam Altman, who are themselves large tech. companies). As AI is now inevitable (theres zero doubt that it becomes the worlds most powerful and essential tool) there is a risk that this tool is controlled by just a few people which (which as nice as Sam and Elon seem) doesn't seem like it would be a great idea. Bittensor is trying to solve this by economically incentiving open AI development and collaboration through its token, TAO. Their idea is to decentralise development of advanced AI software through an open, decentralized community (rather than a centralized company). I'm not qualified to judge how successful they are or will be in achieving that goal, but for a speculative asset that is a pretty cool story that I would imagine appeals to investors (and has already appealed to investors). Technicals Long term ascending triangle suggest an uptrend continuation. Could be buying at a local top here so consider staggering your entries, I wouldnt expect that is we do retrace we go much further than the lower trendline. The top edge of that triangle (current price) looks to be key overhead resistance and the 0.382 fib. Breaking here should give a long term leg up. Has only been listed on Binance since April so this is its first chance to pull big volume on a centralised exchange in a market that is favourable to the ALTs. • Strategy: Long • Exchange: BINANCE • Account: Spot • Entry mode: Market order in range • Invest: 5% • Exit: • ⎿ Target 1 : 863.70 • ⎿ Target 2 : 1029.56 • ⎿ Target 3 : 1262.55 • ⎿ Target 4 : 1558.72 • Entry: 610 ⌁ 690 • ⎿ Current market price: 686.56 • Stop: 397.73 (-42%)
BINANCE:TAOUSDLong
by CryptoNicho
TAO/USDT: Analysis - will it bit and soar? or bit and sorry?!THIS IS SUPPOSEDLY VIEWABLE FOR ARCHANGELS: NOW PUBLIC. SUMMARY FOR LAZY READERS: 🚨 Traders, this TAO chart’s a battlefield, and the bears are winning. The 0.618 Fib level’s been snubbed—no bullish bounce in sight. We’re in deep bear territory here. 📉 MAs are out the window; the 50-day and 20-day are being blatantly disregarded. Price action is breaching these with zero respect. It’s bearish, and anyone saying otherwise is selling dreams. 👊 That huge wick? It's a tease, not a trend reversal. Don’t get suckered into bullish traps. This isn’t a buying zone; it's a warning shot. 💥 Sellers, get ready. The 'safe' MAs? They're targets now, not supports. Expect prints at 200MA or 150MA because we might not be done dropping. #TAO #Crypto #Bearish See photo for more elaborated explanation. For more detailed takes. Here is why. 🚨 TAO's chart is in full bear mode, and here's why: 📐 Fibonacci's telling a grim tale. The 0.618 level's been shunned, and when you ignore the golden ratio, you're asking for pain. A false rally to 0.114 was nothing but bears in sheep's clothing, baiting for a drop. 🟡🟣 MAs are crying wolf here—the 50-day (yellow) and 20-day (purple) have been breached with no bounce-back, solidifying the bearish stronghold. Prices slicing through MAs like this? It's not a sign of health. 👀 That wick at the top isn't a bullish battle cry; it's a one-hit wonder. The market's not finding any solid ground, making those 'buying zones' more like quicksand. 🔮 Predictions of a touch on the 200MA or 150MA? It's not just probable; it's like destiny at this point. We're heading south until those levels say 'stop'. 💸 Sentiment's a mixed bag with talk of influencers and VCs pumping. But remember, real markets don't run on hype alone. In short: Bulls, take a breather; bears, take the wheel. We're not in Kansas anymore, and this yellow brick road's heading straight for a cliff. #TAO #Crypto #Bearish
CRYPTO:TAOBUSDShort
by osodatsismoso