TAO Technical Analysis in 2-Day Timeframe
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Now, let’s dive into this chart analysis:
TAO is in a downtrend and is holding support at $218. It is currently facing resistance at $321.87, and given the current market scenario, TAO is likely to undergo some correction, followed by a rebound.
The resistance is quite strong for TAO, but if it manages to close above this level, a bullish move is likely.
Key levels:
- Support: $218 to $250
- Resistance: $302 to $321
- Target: $500-$700
- Invalidation: A close below the support level.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
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:
TAO is in a downtrend and is holding support at $218. It is currently facing resistance at $321.87, and given the current market scenario, TAO is likely to undergo some correction, followed by a rebound.
The resistance is quite strong for TAO, but if it manages to close above this level, a bullish move is likely.
Key levels:
- Support: $218 to $250
- Resistance: $302 to $321
- Target: $500-$700
- Invalidation: A close below the support level.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
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