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TAO / TetherUS

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TAOUSDT trade ideas

My Bullish Take on Bitensor's $TAO and the AI-Blockchain FrontieTracking the chart for Bitensor's FWB:TAO token, I feel bullish . The pattern feels like a classic example of strength in a market that's breathing in after a significant run-up. This pullback, characterized by a series of higher lows connected by a 7-point downtrend line, has now been decisively broken to the upside. The break above this line, supported by an uptick in volume, signals a potential reversal that could resume the prior uptrend. The RSI is comfortably positioned mid-range, avoiding the extremes that often signal overbought or oversold conditions. It's this equilibrium that speaks to me of a market gathering momentum, poised for movement. The Money Flow Index echoes this sentiment, balancing out around the 50 mark, an indicator that buying and selling pressures are in a state of equilibrium. But what I really like about FWB:TAO isn't just the chart; it's the narrative behind the token. Bitensor is weaving AI into the fabric of blockchain, creating a synergy that could potentially change the landscape. Their focus on decentralized AI and the secure sharing of data resonates with the current digital zeitgeist, where data privacy and innovation are paramount. I'm watching FWB:TAO closely, not just for its upside potential but as a front-row seat to decentralized AI era in tech. Of course for any of this to work we need to see the market continue to the upside. Everything is invalidated in the short to medium term if we nuke.
Long
by mikerays
1
Buying $TAO Retrace with Fibonacci LevelsKUCOIN:TAOUSDT had an incredible move up last month, nearly 2x from the mid-300s to a high of $480. We've hit a short term high, and seem to be in a consolidation phase. How low will this go? Well, if we look at the Fib Retracement levels from the start of this run up to the recent high, we can identify three likely entry points: $385 $360 $315 If you want to invest in Bittensor's innovative AI technology, you can buy at market price right now; or, you can set limit orders for the levels above, to DCA into your position. Just keep in mind, the price may not reach these lows, and could turn bullish again at any monent. If/when Binance lists this token, or Coinbase finally changes its flawed ranking on it, or a major tech company announces a partnership, this token could moon. 🚀
Long
by tokentradertv
1
🤖💡 TAOUSDT Market Overview 📊💰💰 Market Position: TAO stands at a substantial $1.5B market cap, residing in the top tier of AI-related assets. 📈 Recent Movement: Following yesterday's Bitcoin movement, TAO bounced from the support level of $222. 🚀 Resistance Identified: The next resistance is noted at $316.94. 🐂 Bullish Momentum: Bulls have already driven TAO up by 20%, showcasing strong market momentum. 🔄 RSI Reversal: RSI has demonstrated a reversal, supporting the positive momentum. ⚠️ Support Levels: The next level of support is located at the $154 area. 📣 Summary: TAO exhibits resilience with a bounce from $222 support, facing resistance at $316.94. Bullish momentum, coupled with RSI reversal, signals positive sentiment. Traders should monitor support levels, with the next support identified at $154. #TAO #MarketUpdate #CryptoNews 🌐📊
Long
by Richtv_official
TAO – No Reversal Signal, Yet. From October 20th to December 14th, TAO increased by more than 700%. In the past 19 days, TAO has been in a correction. Until today, TAO pulled back a bit more than 42%. I am looking for a relationship between the time in the uptrend and the downtrend. Currently, we have 56:19. Meaning one day of correction for three days of appreciation (3:1). Is it enough? I can’t say for sure, but there is symmetry, which is a good sign. As for the retracement. Do we have a signal that the correction is over? Not yet. The price almost reached the 50% retracement, but the reaction is weak and does not show a bullish impulse. Currently, the price is hovering below the 38.2% retracement, and it doesn’t look like it has enough momentum to break through. The RSI is in a downward-sloping channel. A breakout from the channel could signal a bullish reversal. As for the price, it is in a Descending Channel. The initial breakout of this pattern is the origin point at the 400$ 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 MasterAnanda
2