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TAOUSDT trade ideas

✴️ 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
🔄(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
BITTENSOR TAOUSDT: Looks Like It Will Pump Now?After doing a couple of research on Web3 projects that are solving problems in the AI industry, GATEIO:TAOUSDT looks like a symbol that is still on the journey of price discovery. However, we are still going to DCA our long position to minimize risks. The Risk-Reward ratio is not great, but it breakout from the down trend is probable. What are your thouhgts on TAOUSDT? Let me know in the comment box. If this analysis make sense to you, kindly follow me now and support my idea. Cheers!
Long
by CryptoNiche
Tao Buy Trade. Here is My Study On TAO. Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions about your investments. Follow me for the latest updates and join the conversation in the comments! Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and information dissemination. Use with caution. This Is Not A Finacial Advise
Long
by MoonTradingForecast
1
TAOUSDT Buy upon a pull back or a break out.TAOUSDT is on a mini parabolic rally that is headed to Resistance (1) at 75.00. The break out is a buy entry but can very well give a short term pull back first like in late May. Trading Plan: 1. Buy if Resistance (1) breaks. 2. Buy any pull back to 60.00 as long as the MA50 (1d) doesn't break. Targets: 1. 94.00 (Resistance 2 and top of Channel Up). 2. 75.00 (Resistance 1). Tips: 1. The RSI (1d) is 5 days after the formation of a bullish cross. An additional buy signal. Please like, follow and comment!!
Long
by TradingBrokersView
1