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TAO / TetherUS

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TAOUSDT trade ideas

TAO – No Reversal Signal, Yet. From October 20th to December 14th, TAO increased by more than 700%. In the past 19 days, TAO has been in a correction. Until today, TAO pulled back a bit more than 42%. I am looking for a relationship between the time in the uptrend and the downtrend. Currently, we have 56:19. Meaning one day of correction for three days of appreciation (3:1). Is it enough? I can’t say for sure, but there is symmetry, which is a good sign. As for the retracement. Do we have a signal that the correction is over? Not yet. The price almost reached the 50% retracement, but the reaction is weak and does not show a bullish impulse. Currently, the price is hovering below the 38.2% retracement, and it doesn’t look like it has enough momentum to break through. The RSI is in a downward-sloping channel. A breakout from the channel could signal a bullish reversal. As for the price, it is in a Descending Channel. The initial breakout of this pattern is the origin point at the 400$ mark. A touch and rebound of the 50% retracement or the channel's support line could be a long trigger, but I would like at least one more confluence factor, such as a bullish divergence and a reversal candlestick pattern. At the moment, the best course of action is no action. Wait.
by NewThoughtCrypto
1
✴️ Bittensor (TAO) Completes 1,262% Bullish Wave, What Now?This is a very interesting chart. Bittensor (TAO) hit bottom May 2023, as soon as this bottom hit a new bullish phase got started. From May 2023 through mid-December, the 14th to be exact, TAOUSDT grew by a massive 1,262%. A bullish wave 220 days long. After such strong growth, a correction tends to follow. ➖ We have a rising pennant that is already breaking bearish. ➖ TAOUSDT moved yesterday below EMA10 and today is challenging EMA21 as support. ➖ The RSI has been trending down for more than a month, it peaked 6-Nov. ➖ Trading volume also peaked in November and afterward started to decline. These signals are pointing toward lower prices. Note: There can be additional growth, very unlikely but still possible. One final jump, shakeouts, etc. The trend is bullish but the potential right now is strongly bearish. Buy low, sell high. This pair is trading really high, a new All-Time High. Prepare for the drop. Namaste.
Short
by AlanSantana
2
🔄(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
Long
by Richtv_official
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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
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.
by Shotokhan
3
📈 Bittensor (TAOUSDT) Analysis: A Trend to Watch! 🚀Bittensor (TAOUSDT) is catching the attention of market observers, showing early signs reminiscent of successful projects like Kaspa and Injective, characterized by a straightforward uptrend. Key Observations: Uptrend Formation: TAO is currently displaying a clear upward trend, drawing parallels to the early stages of successful projects. This trend signals positive momentum and potential investor interest. Critical Support Level: The sustainability of this uptrend hinges on TAO holding the crucial support at $224.51. A successful hold at this level could reinforce the upward trajectory. Tokenomics Resembling BTC: TAO stands out with a tokenomic structure similar to Bitcoin, boasting 21 million coins. The project's emphasis on true decentralization by AI adds an intriguing layer, aligning with broader market narratives. Bitcoin ETF Approval Date Narrative: The upcoming Bitcoin ETF approval date could serve as a catalyst for TAO. The narrative around decentralized AI and its alignment with Bitcoin's principles may attract attention in the lead-up to this significant event. Investor Consideration: As TAO presents early signs of a compelling trend, investors are advised to closely monitor the critical support level and assess the project's fundamentals. The alignment with Bitcoin's tokenomics and the AI decentralization narrative adds an interesting dimension to TAO's potential growth.
Long
by Richtv_official
TAO - long positionHello my fellow traders, today I prepared for you project I am deeply interested in and it's called Bittensor. Until the price is below 55$ I am expecting more down side. 42$ looks like it could behave as range low. If price breaks below 42$ I think it will behave as deviation and it reclaims this level and will continue higher. In case price close 3D above 55$ we can open long position and aim for trend line as our first target. After breaking the trend line our second target is 120$ high. Where I am anticipating a reaction to the downside. Anyways I think this coin will have a solid run in next bull run. Keep eyes on it and good luck.
Long
by D-O-M-I-N-I-C
1