TAOUSDT trade ideas
Despite the AI crypto marker surge Bittensor(TAO), the 4th largeThe RSI reading at down the 50 midline level 37 shows increased selling pressure.
However, the TAO has now formed a sideway pattern, indicating a physical zone for neutrality. Bulls now demand for a potential breakout from the zone $382 to $402 is much required, any direction above or below this will continue the rally in the same direction.
Trade Setup: Enter in $382 to $402, without the $382 breakout for stop loss.
Trend: Neutral but Long-term Bullish.
Bittensor (TAO) Price Prediction
The overall current technical indicator shows a neutral above-support momentum. Currently on a breakout with a downward channel followed by a sideways pattern.
The price trading below 50 day and 200 days SMA entranced a death cross moment, the price is motivated to push down from here and hold at new support.
Traders should wait for the selling pressure to end and watch the price near $372 to enter the positions.
TAO Long scalp setupIt's a long time i am not trading TAO, but i was checking this chart and setup looks good for a scalp long. Actually the price is sitting on H1 support zone, and on smaller timeframe is showing a potential reversal pattern (break of m5 timeframe and bullish divergence). I am targeting local highs and i placed my personal stoploss a bit more aggressive, but placing it below the support zone at 428 could be safer
GOT BORED W BTC SO LET'S TRY TAOTAO is one of the hottest that we have in this new era. Ight back to the chart, based on the chart only we have 2 scenarios. The first scenario is the one if the TAO following the BTC price(as most of the coin), drawn by the green color . We will have 2 entry points based on the first scenario 415 and 400 . In the second scenario , the price holds at 439 and continues the bullish run .
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Still, if u want to take entry pls take it carefully, and manage ur risk well. Until then
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Stay Safe
X.CO
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P.S If u want Outlook DM for pricing ty
A good pattern in Crypto marketHello everyone
I am not fundamentalist (I wish I was) and I do not have enough time to follow Crypto White papers and it is a big gap in my work. I search in the market, like a gold seeker, and find whatever fit with my strategy which is so simple. In this way, I have found this project and I am sure most of you are know about it significantly more than me. The last movements and history of its previous waves are incredibly essential for any analyst but what I am counting now is a perfect wave 1 cycle and if it is correct so we can expect a BULL market for that.
Second scenario is that this chart ATH was the end of wave 5 and we are in the start of a bear market in lower degree.
I do not think that the second scenario makes sense in this market.
BITTENSOR $TAO LONG/BUY 4H FALLING WEDGE PATTERNHere is my technical analysis for TAO on the 4H time frame. I think that we are very close to the altcoin season, and TAO proved that it's a strong altcoin and has big wallets. Also, I'm a big fan of the rule "buy the dips", keep it in your mind. Always, risk management and smart trades wish wins to everyone!
TAO Weekly AnalysisTAO is currently in a significant downtrend, emerging as the biggest loser of the previous week with a substantial loss of 25.50%. This downtrend persists as TAO continues to establish new lower lows and lower highs in parallel.
The support level at $430 has been breached by TAO, and the bearish momentum has even broken the long-term support at $400, which has now turned into a resistance level. There is a possibility of TAO retesting this price mark in the near future.
Both oscillators and moving averages strongly indicate a sell signal for TAO. However, for long-term Hodlers bullish on the AI sector, this downtrend could present an opportunity to buy the dip or hold onto their positions.
$TAO Bittensor Tao's Broadening WEdge... Still Retracing?GETTEX:TAO has done a 38% retracement from its all time height of over $760
Current price: $524
If Bittensor's price action continues to respect this broadening wedge, only two outcomes are possible:
1. #tao can continue its retracement to lower supports 479, 429 (perfect dip buying opportunities) Else
2. Tao will continue its ascent to higher prices retesting resistances at 578, 659, 752 and possible price discovery at 847, 950
An upcoming "Sell the News" on Bittensor (TAO)?Bittensor ( BITGET:TAOUSDT ) was listed yesterday on Binance! A big wick marking a new ATH has been made, but beware, could this be a short-term "Sell the News"?
For the moment, Perfect Cloud (BPC) remains in the green, in an uptrend, but its cloud is starting to look thin. In fact, TAO has never retested its Vegas Daily (blue cloud) of the Trend Identifier (BTI) since the start of its uptrend. If the price really needs to breathe, this would be an interesting area to take a trend-following position.
Tao chartTao chart.
Each horizontal line is a key resistance that can reject the price to previous levels or to new lows.
The diagonal line is the support that wants to keep the price going up.
This is done using an experimental method, if you want to learn more about it you can PM me.
This is not financial advice
TAO 41124Long term outlook it has still respected the fib extensions. Is TAO the next Bitcoin or the next shitcoin to go to zero? Time will tell. I told ppl when it was under 180 to buy JUST ONE TAO. Stake it and leave it alone. The risk was low af. Its not bad here but It continues to show resilience vs Bitcoin. That is all that matters. Outperform btc, if your shitcoin cant do that. put it in BTC, or at least some. Btc will be king, But TAO is the ultimate AI play. A lower cap one is $GPU but be aware its an ETH shitcoin.
The targets I believe it couldd hit LONG TERM. Dont care what it does short term its volatile af
15k per TAO? maybe idk
Wave 5 Ascension: $BITGET:TAOUSDT Targets 830 with FiboWave 5 formation is underway in BITGET:TAOUSDT , with the Fibonacci retracement analysis suggesting an ambitious price target near the 830 mark. The trading volume's coherence with this trend indicates a higher probability for the operational success of this pattern. Risk management is advised with a stop-loss order strategically positioned below the 579.24 threshold.
TAOUSDT Strong buy signal above the 1D MA50Bittensor (TAOUSDT) has been trading within a Channel Up pattern since November 20 2023. Both of its Higher Lows have been formed on the 1D MA100 (green trend-line) with the latest being on March 30.
Today the price broke above the 1D MA50 (blue trend-line) for the first time in 2 weeks (since March 26). If the candle closes above it, we expect that to be the start of the new Bullish Leg to a Higher High, similar to the January 24 break-out. Our target is 1800 (+295.98% from the Low, similar to the previous Bullish Leg).
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Attempting to outtrade the market vs holding an asset in a BR I simulated a trading strategy where every time price breaks base support the asset is sold and the profits are reinvested. The area of repurchase is decided when the newly formed base resistance is broken. This should serve as an example of trying to out trade the market vs simply hodling over time when an asset is rising during a bull market