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Bittensor

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
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