#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
TAOUSDT trade ideas
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 Bullish Inverse Head & Shoulders: Patience is Key!TAO has been forming a bullish head & shoulders pattern over the last couple of months. The pattern is still not complete, so be patient for it to complete.
If you're confident that this pattern will play out and the market will reverse, take a look at the higher risk trade I put on the right. Tighter stop, so higher potential profit!
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
Alikze »» TAO | Retest the bottom of the ascending channel🔍 Technical analysis: Retest the bottom of the ascending channel
- In the 4H time frame, after a price pump in the range of $162, it has been moving in an upward channel for some time.
- In this ascending channel, after hitting the ceiling of the channel 3 times and not being able to break the range, it has faced selling pressure.
- Currently, in the middle of the channel, after suffering for a while, it has again faced selling pressure.
- According to the behavior and structure of this correction, it can extend to the area of $278, which is in the range of the bottom of the channel. After that, it can have a retest to Fibo 1.618 and neck line, and then continue the correction to the $250 area.
- In addition, if the $250 range is broken, the correction should continue until the origin of the downward movement.
💎 Alternative scenario: If in this ascending channel it can stabilize above the neckline after the pullback to the broken structure, there will be a retest to the top of the channel.
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MEXC:TAOUSDT
Bittensor | Deep TAAnother chart and for this one we have many signals to look at; much data.
We have a resistance line. This is the thin black line that stopped Bittensor (TAOUSDT) from growing in December 2023. Before the pair was able to move higher, it had to make a small retrace.
Needless to say, after the peak in March this level worked as support on the way down. There was some action around it before TAOUSDT moved lower to produce a double bottom and major low.
We have a strong support line. This is the bold dark orange line at the bottom. It worked as support in early January 2024, leading to the bullish wave peak, so a strong support. After the correction, this level worked as support again. First in July and then again on the 5-Aug. crash. Notice that the 5-Aug. session produced a long lower wick but ended closing above it, green and with really high volume. This sends out a strong bullish signal.
Current price action is sending prices back above the "resistance" level, the black thin line and this puts TAOUSDT on bullish grounds. The thing is that the situation is still active, resistance is being challenged now, not yet broken and thus anything goes; this is a decision point.
Seeing the major correction, the strong positive reaction at support and the other altcoins, we can bet on the bulls winning and expect higher prices. This is based on the chart signals. The not so funny thing is that when the market conditions change, all these signals become useless. Say everything turns tomorrow and thus the strong bounce at support becomes irrelevant because price action rules all.
Anyway, there is a bullish bias on this chart.
If there is a drop, support is sure to be found at the dark orange line. Depending on how this level is handled we can consider the next move. This is a mixed bag.
I would personally go for the ones trading lower or approach this with a well thought out plan.
Namaste.
Bittensor CUP and Handle Update:Hallo ladies and gents. Skipping the bullshit, this is only an update to my previous TA.
MEXC:TAOUSDT 1 Day Time-frame:
seems to have broken out of the Triangle to the upside. The price has not only broken the triangle, but it also broke the 100 MA on the Daily Timeframe. The price is closing in green after 6 Green days again. This is significant and a very bullish pattern. It is also repeated previously if you take a look at its past price-movement.
Zooming in on MEXC:TAOUSDT 4HR Timeframe to see what's going on on the short term:
The previous week the price has also broken the Downtrend Channel to the upside:
The 100 and 200 Moving Averages are forming a Bullish Golden Cross.
Zooming out you can see that the Cup and Handle still holds up, even if it has a few invalidations here and there.
Short-term target is the 200 MA on the 1D which places the potential price of MEXC:TAOUSDT
at $434/TAO.
I'm looking for even higher targets once the Golden Cross happens on the 1D.
It will then turn ballistic and trade to ATH and possibly beyond short term.
Bought the dips so far and now reap the greens :D
Taking a look at a worst case scenario: The price could revisit the lowest Order Blocks if anything out of the ordinary happens. Always be wary of the possibility, so when and if it arrives - you're prepared better. Always expect possible downtrend in Crypto, even if all looks bullish.
Thank you for reading, let me know your thoughts by sharing them. Do you see anything else going on?
TAO — Ready for Takeoff?Bittensor (TAO) is shaping up for an exciting move.
Double Bottom
• Formed at $215 (early July + early August)
• Strong bounces both times
Consolidation Channel
• Currently sitting in the middle, poised to break higher
Key level to watch and entry: $355 resistance.
If TAO breaks through, there’s potential for a 25% gain, targeting the next resistance at $450.
TAO Technical Analysis in 2-Day TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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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.
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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.
SHORT #TAOUSDTSHORT #TAOUSDT from $304.85 stop loss $331.27
15m TF. The coin showed good growth without any corrections, at the moment it rested on the resistance area where the block order is also located, there were not enough forces to break it. I expect going down in order to perform a corrective movement and simultaneously collect liquidity across the entire area of movement, there is also the potential to go lower to the lower order block because at this level there is liquidity (orders of market participants)
1 Take profit; 294.51 update of the local minimum
2 Take profit; 280.72 Order block
3 Take profit; 247.79 Block order and last minimum
Bittensor Price Action - Update to fit my biasMEXC:TAOUSDT Update 1:
The 50 MA and 100 MA have crossed on Bittensor, moving price downwards toward $180 levels. The Order Block on $180 will be retested. If the OB gets filled and rejects the downtrend, I'm hoping for a very bullish scenario.
Worst case scenario: Bittensor price-wise may retest $44/TAO. There's a huge OB waiting at those levels.
What's your take on this? Where do you see TAO is headed?
TAO/USDT: Ideal to Enter After the Weekly CloseIn my previous analysis, I mentioned that the better trade is to wait until the price action breaks above the $360 weekly structure and then enter on the retest. However, I see another swing trade opportunity after noticing the candlestick closed with a continuation pattern that I like, right above the dynamic support of the 40-day EMA on the weekly timeframe. My directional view remains the same as in my previous analysis.
My Previous Analysis :
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 🎯