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TAO

9/28 Huge trend reversal. Bullish on crypto. Overview: Both the AMEX:SPY and NASDAQ:QQQ closed with red candles, yet neither index dropped below the previous day's low. This, coupled with low trading volume, suggests the current price levels may hold for a while. Both indices display bearish divergences on the MACD histogram and lines, signaling potential weakness. The Federal Reserve reported August’s core PCE at 2.7% y-o-y, aligning with expectations and slightly up from July's 2.6%. Speculation surrounds whether rate cuts are fueling inflation, though typically, it takes months for such measures to impact the economy. Next year’s CPI and PPI readings will be crucial. ETF funds have been on a buying spree for seven consecutive days, with September 27th seeing record-high volumes—five times the average. Bitcoin Technical Analysis: W: BINANCE:BTCUSD remains above the Bollinger Bands’ MA, in line with the yearly bull-run volume point of control. After two months of bearish sentiment, signs of a trend reversal are emerging. Resistance is at $67.5k. Bullish. D: BTC broke above $64 k on Thursday and has held above this key level. However, RSI is now at 66.57, approaching overbought territory. 4h: RSI is overbought at 73.28, showing a double peak. MACD’s bearish crossover suggests a pullback to support levels at $65.2k or $64.4k. We expect either a pullback or sideways trading, allowing the MA to catch up. Bearish to neutral. 1h: The lower timeframes indicate BTC is undergoing a correction phase. Neutral. Altcoins Relative to BTC: No major divergences are observed. Unlike BTC, ETH and SOL have yet to reach their previous August 25th highs. Newer alts like SUI, TAO, and NEAR have surpassed their highs, showing strong performance. Bullish Scenario: With BTC holding above GETTEX:64K on the weekly chart, a bullish outlook is more plausible. Global rate cuts may inject liquidity into speculative assets, boosting crypto prices. Bearish Scenario: There’s a risk that the current rally is a bull trap, with a potential sharp reversal. Fear and Greed Index: The index is at 56.67, nearing the “greedy” zone, indicating growing optimism. Prediction: BTC may correct to $64 k before resuming its rally, with the next target being $67k. Opportunities: Bearish: BNB is at monthly resistance, with MACD bearish divergence. NEAR, RNDR, TAO, FTM, and UNI have hit weekly resistance levels, suggesting potential trend reversals. FTM and UNI still haven’t completed their corrections, and MACD divergences may appear over the weekend. Bullish: AR has rebounded from its weekly support level, indicating a strong recovery.
COINBASE:BTCUSDLong
by EvgenCapital
TAOUSDT: Major Pullback Coming Before the Next Big Move?Yello, Paradisers! Have you been tracking #TAOUSDT's impressive rise? Here's why you should be cautious as this uptrend might face a critical test soon! 💎#TAOUSDT has been a strong performer, consistently making higher highs and higher lows. Recently, it broke structure by forming a new higher high, which has further solidified its bullish momentum. However, there’s a probability of a pullback to the key demand zone between 470.4 and 457.3. 💎This demand zone aligns perfectly with the 0.618-0.66 Fibonacci retracement levels, a typical area where price often finds support in strong uptrends. If TAOUSDT dips into this zone and holds steady, we could see a rally back toward the next major resistance level at 624.2. 💎If a 4-hour candle closes below 434, this thesis will be invalidated, signaling potential further downside. Patience and discipline are key here, Paradisers . Wait for the best opportunities, and keep your eyes on those critical support levels. Stay focused and trade smart! Trade smart, Paradisers! Stay focused, patient, and disciplined. This is the only way you will make it far in your crypto trading journey. Be a PRO MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
2
$TAO Bittensor to $5000Can TAO Bittensor hit $5k in the coming weeks? We know that Bittensor is heavily focused on AI and machine learning models. It works and some of the incredible subnets that have been built out so far. Bittensor is pumping aggressively, however it's now on key resistance. If we can manage to hold $480 to $450, we can see it going to $650 The key support I'm watching to maintain its bullishness is around $370 area I think when the alts season really kicks in, I don't think why TAO won't go hypothetically to the price of $5k
by Tealstreet
1
TAO ANALYSIS (12H)It looks like a completed double correction which was our wave A and where we put the green arrow on the chart it looks like a bullish pattern has started on the chart. The Boolean pattern appears to be a diametric. We are now in wave E of this diametric. From the red range, the price can be rejected downwards. Closing a daily candle above the invalidation level will violate this analysis and view. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
#TAO/USDT Potential Rally Incoming!#TAO Price Update & Analysis TAO is rallying as expected. It broke above the resistance trendline, retested the 35 EMA, and has recently rebounded. - Breakout: Confirmed. - Retest: Confirmed. - Optimal Entry Range: $235 to $281 (Accumulated). The strategy will remain the same: - Accumulation: DCA every dip. - Stop-loss: Not placing one—accumulating for long-term holding over the next few months. - Key Profit Levels to Watch: - $389 - $477 - $550 - $675 - $743 Do your own research (DYOR). This is not financial advice. Thank you #PEACE #TAO #Crypto
Long
by Cryptorphic
9/13 Will BTC Hold the Line? Eyes on Rate Cut and Reversal!Overview: Phone vibrates... Voice: "Bogdanoff, he panic sold." Bogdanoff: "Temporary bottom, reversal." Voice: "He’s not biting." Bogdanoff: "Pump it and paint a bull flag." The VANTAGE:SP500 has posted five consecutive days of gains, stopping just 0.71% short of its all-time high. Meanwhile, NASDAQ:QQQ still needs to rise another 5.84% to match its previous peak. However, both indices have seen declining volume for the past three days, signaling that market participants are bracing for Wednesday’s rate cut. Whether it will impact crypto positively or negatively is the big question. Given the meteoric rise this week, Monday and Tuesday are expected to be flat or slightly negative as traders take profits ahead of anticipated volatility. ETF flows are showing signs of divergence. On Friday, Fidelity retail traders loaded up on COINBASE:BTCUSD while Blackrock sat on the sidelines once again. Meanwhile, Ethereum continues to be ignored, with Grayscale Trust even selling. Are altcoins really that depressing? W: Bitcoin broke through the $58.4K weekly level but still has a long way to go before signaling a trend reversal. BTC needs to cross and hold above the $63K level to confirm a weekly uptrend. This week will likely close with a solid green candle, although a Sunday evening sell-off could bring the price back to the moving average around $58K. D: As we mentioned yesterday, "This is either a chance to enter at the beginning of a new bull wave or the highest BTC will be in a long time." BTC crossed the Bollinger Bands’ moving average and the weekly level, moving into a new range between $58.4K and $61.47K. 4h: The price is now at an overbought RSI level of 70.89, signaling short-term bearishness. 1h: RSI is even more overbought at 77.06. Alts relative to BTC: As noted earlier, the BTC vs. alts divergence is currently unfolding. Of the major coins, only BINANCE:TAOUSDT has outpaced BTC’s 4% rise, with a 9% gain. Still, there's no sign of TAO being listed on Coinbase. Bull case: If Jerome Powell manages a smooth landing, we could see gains from big tech stocks like Nvidia being recycled into small-cap tech and crypto. Following the first couple of rate cuts, if inflation remains under control and employment stable, the Fed could continue its policies, boosting global liquidity and fueling the final phase of the 2024 crypto bull run. Bear case: ..phone vibrates. Voice: "Bogdanoff, he bought." Fear and Greed Index: 38.35, still in Fear territory. The last time BTC was at $60.3K, the Fear and Greed Index was between 43 and 55. Could this be another divergence? Prediction: Expect a short-term correction to $58.4K, followed by rate cut-induced volatility next week.
COINBASE:BTCUSD
by EvgenCapital
#TAO/USDT 250%+ Potential Profit! Breaking Out!!#TAO : One of the Best-Looking Breakout Charts! With only 1 million in supply, this coin has the potential to serve as a well-balanced asset to complement your more volatile investments. - Breakout: Confirmed - Retest: Currently in progress - Optimal Entry Range: $235 to $281 (Accumulate) - Target: Potential 250% gains as the altcoin market rallies! - Key Profit Levels to Watch: - $389 - $477 - $550 - $675 - $743 Stop-loss: Not placing one—accumulating for long-term holding over the next few months. Note: Do your own research (DYOR). This is not financial advice. Want more setups for spot and futures? Follow me and like this post! Thank you #PEACE
Long
by Cryptorphic
2
Alikze »» FET | Bearish Flag🔍 Technical analysis: Bearish Flag - In the analysis presented in the weekly Time, after a corrective trend up to the major ceiling area, it encountered demand, which led to a growth of more than 80%. - Currently, in the 4H time frame in an ascending channel, in the middle area of ​​the channel, as you can see in the chart, a bearish flag has been formed. - Therefore, due to the failure of the supply zone, which is also recorded as a rejection candle, it can have a correction to the origin of movement after exiting the short-term ascending channel or the flag as high as the previous leg. 💎 Alternative scenario: In addition, if it can stabilize above the supply zone, the bearish flag pattern will be invalidated and it can continue up to the top of the growth channel. 🛑 Resistance: 1.172 🟢 Support: 0.78 »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:FETUSDT
Short
by alikze
TAO Update in a Daily TimeframeTAO is currently in a descending triangle pattern, forming a downtrend. After being rejected by the 100 EMA and the resistance trendline, TAO has dropped nearly 28% and is currently holding support at $260. If TAO fails to hold the primary support, it is expected to find support at $212, followed by a potential rebound. For a bullish rally, TAO must break out above the 100 EMA and the resistance trendline, either from the primary support or the lower support. Note: Be sure to conduct your own research and analysis before investing. Regards, Team Dexter. #Tao #Crypto
by Dexter_The_Trader
Alikze »» TAO | Retest the bottom of the ascending channel🔍 Technical analysis: Retest the bottom of the ascending channel - In the 4H time frame, after a price pump in the range of $162, it has been moving in an upward channel for some time. - In this ascending channel, after hitting the ceiling of the channel 3 times and not being able to break the range, it has faced selling pressure. - Currently, in the middle of the channel, after suffering for a while, it has again faced selling pressure. - According to the behavior and structure of this correction, it can extend to the area of ​​$278, which is in the range of the bottom of the channel. After that, it can have a retest to Fibo 1.618 and neck line, and then continue the correction to the $250 area. - In addition, if the $250 range is broken, the correction should continue until the origin of the downward movement. 💎 Alternative scenario: If in this ascending channel it can stabilize above the neckline after the pullback to the broken structure, there will be a retest to the top of the channel. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« MEXC:TAOUSDT
Short
by alikze
Aug 25Overview: The FRED:SP500 closed Monday with a red candle, erasing last week’s Friday gains. Durable goods orders were reported today, showing the highest increase since July 2020. This indicator reflects the amount of new orders placed with manufacturers for durable goods expected to last at least three years, such as automobiles, appliances, electronics, and machinery. An increase in durable goods orders typically signals business confidence and a willingness to invest in long-term assets. However, this rise was driven mainly by automobile purchases; excluding cars, the figure was down 0.2%. Global liquidity has been increasing for the past 60 days. The last time we saw such a sustained rise was from the end of October 2023 to mid-January 2024, which marked the start of the current bull market. This is a bullish signal. W: The BINANCE:BTCUSD price has reached the lower bound of the current range, 63k-64k. D: Monday closed with a red candle. The lack of a lower wick is concerning, suggesting that bears pushed the price down throughout the day without giving bulls a chance to buy back. It closed slightly below the W level of 63k, at 62.8k. 4h: The price is at the bottom of the Bollinger Bands (BB). A rebound is needed, but it’s not happening yet. The price is trading below the W level. While this isn’t a significant issue for the W candle, it’s crucial for the 4h to stay above 63.1k. 1h: The RSI has touched the oversold level of 30. This is a bullish signal. Alts Relative to BTC: There’s no significant divergence. Some altcoins corrected less ( BINANCE:SOLUSD , BINANCE:NEARUSD ) while others corrected more ( BINANCE:SUIUSD , BINANCE:FTMUSD ), but in the early hours of Tuesday, almost all have recovered to their highs after the recent pump. Bull Case: This isn’t a bull trap, and we’ll see a climb on low trading volume. Whales might hold on, waiting for interest rate cuts, or they could start selling just before the cuts. Bear Case: This is a bull trap unfolding, with fewer bulls willing to hold this price level. Fear and Greed Index: 53.61. This is a 'no trade' zone if you prefer to buy low and sell high with the highest conviction. Prediction: Undecided. Opportunities: BINANCE:AAVEUSD : At W level $128. Bullish. BINANCE:MKRUSD and BINANCE:UNIUSD : Both are holding strong W levels that predate BTC ETF demand. Bullish. BINANCE:TAOUSD : Drawing a MACD divergence on D and 1h, with the W level of $361 being rejected for the third time. Bearish.
COINBASE:BTCUSD
by EvgenCapital
Aug 21Overview: There were no surprises in the Fed’s meeting minutes. "Officials were confident about the direction of inflation and are ready to start easing policy if the data continues to cooperate." However, too many traders are interpreting this as “on September 18th, my $stonks go up.” Don’t be one of them. VANTAGE:SP500 posted another green candle, but momentum is slowing as it approaches its ALH, now just 0.82% away. We might see it by the end of the week, reducing the chances of $ BINANCE:BTCUSDT BTC crashing this weekend. $63.2k is still a possibility for BINANCE:BTCUSDT BTC as it slowly inches closer, needing only a 4.28% increase over the next 2-3 weeks. W: Heading to close this week green. No divergences. D: Finished Wednesday strong, posting a green candle, solidifying the BB MA breakout, and escaping the $60.2k level, which should now turn into support. Expecting to close the week between $60.2k and $63.2k. 4h: No divergences. Range trading. 1h: No divergences. Range trading. Alts Relative to BTC: No divergence relative to BINANCE:BTCUSDT BTC. Bull Case: Same as yesterday. We’ve likely passed the bottom (or an intermediate bottom), and with the booming VANTAGE:SP500 , expected rate cuts each month, and more institutional money flowing into risky assets in September, we should continue marching up. IPO stocks, small-cap tech stocks, and crypto are poised to benefit. Bear Case: Same as yesterday. Fear and Greed Index: Slowly trending higher, now almost exactly in the middle at 49.59. Untradeable. Prediction: Close this week green, then grow to $63k next week before a drop. Opportunities: BINANCE:UNIUSDT UNI Expected to complete its move to $7.52, offering a 7.87% gain. BINANCE:ARUSDT AR, BINANCE:APTUSDT APT, BINANCE:TAOUSDT TAO Have shown better price action in the last couple of days and may continue trading higher next week, as BINANCE:BTCUSDT BTC stays within its range. These moves are not indicator-driven, so proceed with extreme caution and tight stop-losses.
COINBASE:BTCUSD
by EvgenCapital
Aug 14Overview: The market is currently at a stalemate, which isn’t surprising after last week’s 15% crash. Since 2009, CRYPTOCAP:BTC has only experienced a drop of more than 15% around 10 to 15 times. We’re receiving contradictory macroeconomic news: on one hand, predictions of a long-awaited recession in the U.S. are surfacing, with major corporations reporting diminishing returns and U.S. consumers already feeling the pinch, as grocery prices have jumped by 50-70%. On the other hand, Lord Jerome reports the year-over-year CPI at 2.9%, lower than the expected 3.0%. BTC ETF flows reported $81 million in selling, indicating that ETF investors aren't interested in BTC at 58.5k. However, just two days earlier, there was a positive flow totaling $66 million. Demand for NYSE:SUI via Grayscale has stalled, with a 20% decline from recent highs in the last two days, although it's still up 44% since the August 8th news. GETTEX:TAO , on the other hand, has only seen about one-sixth of that demand, rising just 7% to date. Is this the cost of not being listed on Coinbase? Alts Relative to BTC: No divergence observed. CRYPTOCAP:ETH , CRYPTOCAP:SOL , and AMEX:NEAR mirrored BTC’s correction of 5.22%, each declining by 6-7%. Bull Case: The S&P 500 continues to climb, nearing previous levels (only 3.81% away from its all-time high after a 9.44% drop). Jobless claims numbers came in lower than expected, signaling improving economic conditions and possibly taking a recession off the table. Global liquidity has stabilized over the last three days. Bear Case: None of the above factors support risky asset prices, and BTC loses its ETF demand support, potentially plummeting to 41.2-43.8k. Fear and Greed Index: 42.9, decreasing and edging toward Fear territory—where long red candles and even longer wicks reside. W: Mid-range, in accumulation territory, curving downward. While last week’s crash candle ended green, this week has shown a lower high and may close below the opening, potentially turning red. Only 3.54% separates us from the weekly support level, which could be tested in the next four days. No divergence. D: On August 14th, BTC touched the BB MA and bounced down, closing in red and re-entering the previously established $60.2k - $58.2k daily range. However, on the 15th, it already broke out of that range and may close outside of it. If the 15th closes in red, this week could be in trouble, opening the door to a drop toward 56k. 4h: After rejecting 61.7k, BTC crashed through the BB MA. This -5.5% correction was accompanied by a significant MACD divergence. To continue the existing trend, a bounce back up with bullish demand was needed, but no buyers stepped in, and the next 12 hours saw continued decline, currently trading slightly below the 58.2k daily level. 1h: A red candle at 2am on August 15th showed a dangerous increase in volume compared to the previous two red candles. With U.S. bulls sleeping, there may be no support at this level, risking a free fall. Prediction: With the lack of support from Asian bulls, we are likely to fall below 58k, and only unexpectedly positive news from Jerome Powell might keep BTC within the daily range, above 58k. Opportunities: CRYPTOCAP:SOL : Dropped below the weekly support level of $146.3 and seems to be declining, solidifying it as a new resistance. Opportunity to short to $130 (7.94%). AMEX:NEAR : Retreated from the weekly level of $4.39 and is on its way to $3.3 (19%). NYSE:SUI : Rejected the weekly level of $1, with the next stop at $0.8 (-10%), which coincides with the BTC ETF demand level. AMEX:APT : Rejected the weekly level. NYSE:AR : Holding on by a thread above a 58% abyss to the BTC ETF level, with no intermediate stops. NYSE:ENS : Expected to mirror ETH's performance, potentially doubling whatever CRYPTOCAP:ETH does. Mistakes: Yesterday’s 4h BTC divergence became apparent at noon (UTC-4, NY time) after a red candle appeared. As of now, at least 2.40% could have been captured. Follow for daily updates. First 100 followers receive free market analysis and signals subscription.
COINBASE:BTCUSD
by EvgenCapital
TAO Technical Analysis in 2-Day TimeframeHello everyone, I’m Cryptorphic. 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!
by Cryptorphic
2
Trade Setup: TAO Long PositionMarket Context: TAO has shown a change of character (CHOC) and risen 82% in price during July. We're looking for a higher low to establish a trend for continuation higher, turning previous resistance levels into support. Trade Parameters: Entry: Enter in the golden zone, mid-range. Specifically, retesting the $266 to $280 area of resistance as support. Take Profit: First target: $480 Second target: $560 Third target: $740 Stop Loss: Set at a daily close below $200. Additional Notes: Maintain some dry powder in your TAO allocation in case of a larger pullback to dollar-cost average (DCA) at range lows. Monitor price action closely in the $266 to $280 area to confirm support before fully committing to the trade. Adjust your strategy if market conditions change significantly. #TAO #TradingStrategy #CryptoTrading 🎯
Long
by Richtv_official
TAOUSDT at monthly resistance, resume upward after some retraceThe price has bounced from the weekly/monthly support after experiencing a downturn from the peak in march 2024. The support provided a good bounce and the price is now hitting monthly resistance level MR1 from where the price has pulled back and currently trading under that resistance. What I see in the coming week is that the price will retrace further down towards MS1 again and then reverse towards upside again. If the price is not able to break that resistance MR1 now or the next push and falls below MS1 before doing that, it would be a very bad sign for the price. That would increase the likelihood of the price breaching the below WS/MS level and then targeting MS2 zone in the long term. But the price has a chance to break that MR1 to avoid that big downside. Lets monitor how it works out with that MR1 in the coming days/weeks.
Long
by angela_altair
TAO Technical Analysis and Chart UpdateHello everyone, I’m Cryptorphic. 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: In 20 days, #TAO has gained 80% from the mentioned support level. This is exactly what I meant when I said, "Patience is the key." The price has broken above the resistance trendline and is currently retesting it. I am looking forward to a successful bullish rally on TAO in the coming days. If you don't want to miss trade setups and updates like this, then do follow and turn on notifications. Thanks. #crypto #Altseason2024
Long
by Cryptorphic