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TAOUSDT trade ideas

TAOUSDT at monthly resistance, resume upward after some retraceThe price has bounced from the weekly/monthly support after experiencing a downturn from the peak in march 2024. The support provided a good bounce and the price is now hitting monthly resistance level MR1 from where the price has pulled back and currently trading under that resistance. What I see in the coming week is that the price will retrace further down towards MS1 again and then reverse towards upside again. If the price is not able to break that resistance MR1 now or the next push and falls below MS1 before doing that, it would be a very bad sign for the price. That would increase the likelihood of the price breaching the below WS/MS level and then targeting MS2 zone in the long term. But the price has a chance to break that MR1 to avoid that big downside. Lets monitor how it works out with that MR1 in the coming days/weeks.
Long
by angela_altair
TAO ANALYSIS🔮 #TAO Analysis - Breakout 🚀🚀 💲💲 There is a breakout of Falling Wedge Pattern in #TAO and  trying to retests the level. It's a daily time frame breakout and we will see more higher price in long-term. A successful retest is done and now we could see proper a rally  📈📈 💸Current Price -- $355.60 📈Target Price   --  $722.00 ⁉️ 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
Long
by ZEUS_Market_Alerts
TAO/USDT Target 1 Hit! What's Next?In my previous analysis, we entered the TAO/USDT trade after observing price action on a lower timeframe. We hit our target 1 right on the mark! Now, what’s next? We’ll wait for the price action to develop before entering a trade for continuation to the upside. We might want to see a break above $360 first and then enter a trade on the retest. Personally, I am still holding all of my spot positions that I entered around $220, as I believe TAO is good to hold to ride this bull run.
Long
by CryptoOverseerX
1
TAO Technical Analysis and Chart UpdateHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: In 20 days, #TAO has gained 80% from the mentioned support level. This is exactly what I meant when I said, "Patience is the key." The price has broken above the resistance trendline and is currently retesting it. I am looking forward to a successful bullish rally on TAO in the coming days. If you don't want to miss trade setups and updates like this, then do follow and turn on notifications. Thanks. #crypto #Altseason2024
Long
by Cryptorphic
Bittensor Price Update: Headed to ATH and aboveBittensor was FUDded by different articles writing overexagerations about the significant network attack. The community dealt with the issue accordingly. The network was in Safe Mode, which means transactions were halted but the network still produced blocks. Lots of articles claimed that hackers STOLE 8 million worth, but that's not the case. The price has broken above the Daily 50 Moving Average and is headed towards the 200 MA. The MAs have crossed on the 4 HR chart, and it looks like another Bullish Golden Cross. Overall I'm extremely bullish on the long term. This can significantly evolve into GAINS of proportions yet unseen.. Grayscale has also opened positions on $TAO. You do the maths. I hope you accumulated until now. There will always be opportunity to accumulate more. Extremely Bullish Broken 50 MA -> Headed towards our First target 200 MA Price broke above the red downtrend trendline. A break above the yellow downwards trendline will mean an upside potential of 100% short term. IF it breaks the 200 MA, I'm expecting another revisit to ATH, which for now is my main target. Still a good entry point. I believe it's going to go way above ATH, but it's crypto after all. Anything can go wrong before it gets better. On the Wall Street Investment sentiment we seem to be breaking out of the Bear Trap zone, which means the Bull is yet to come. What's your opinion? NFA. Just my personal thesis and 2 cents. Peace and love.
Long
by tradingraider
Bittensor Price Prediction: Will TAO Crypto Break Resistance?MEXC:TAOUSDT has displayed notable bullish momentum over recent sessions, with closing prices moving from $259.5 to $264.9. This consistent upward trajectory is supported by the 9 and 20 EMAs, which have been trending higher, indicating a strong short-term and medium-term bullish trend. Current price action suggests that the Bittensor price is poised to challenge critical resistance levels. Immediate resistance is observed at $282.8, with further resistance at $287.4 and $287.5. A successful breach of these levels could signal a continuation of the bullish trend, potentially driving prices higher. On the downside, support is solid at $264.4 and $256.0, with a more substantial support level at $214.5. These levels will be crucial for traders looking to enter long positions, as holding above these supports would reinforce the bullish outlook. MACD values indicate a strong bullish momentum, with the MACD line consistently above the signal line and the histogram showing positive values. This suggests that the current uptrend is gaining strength. Meanwhile, the RSI, currently in the mid-60s, is approaching overbought territory. However, it still has room to grow before indicating an overbought condition. This suggests that there is potential for further upward movement. For traders looking to capitalize on the current bullish momentum, entering long positions at or near the support levels of $264.4 and $256.0 could be advantageous. Exit points around the resistance levels of $282.8 and $287.4 could then be set. Conversely, if the price fails to hold above the support levels and begins to show signs of a reversal, short positions might be considered, targeting the lower support at $214.5. In conclusion, the TAO crypto exhibits a strong bullish trend supported by positive technical indicators and clear support and resistance levels. Traders should watch for price action around these key levels to identify potential entry and exit points.
by Ecoinimist
Bittensor Price action - Possible Cup and Handle setupThe price of Bittensor is still dangling at around the order block I previously mentioned at $245/TAO, and it seems that the order block acts as a nice support. A cup and handle pattern has also formed and checks out beautifully in the 4h time-frame as well. Price is still moving below both 50 and 100 Moving Averages. RSI is oversold. If it breaks the cup and handle downtrend, expect prices to drop to $185/TAO If the price follows the cup and handle pattern, I'm expecting we break out of the triangle towards $500/TAO again. Let me hear your thoughts and opinions.
Long
by tradingraider