Get started

TAO

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
Bittensor (TAO)Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine learning network. Bittensor (TAO) is decentralizing the process and creating a peer-to-peer market for machine intelligence. It enables the collective intelligence of AI models to come together, forming a digital hive mind. Anyway, it is clear that TAO's movement was great. First, oscillating in a triangle pattern, breaking this triangle upward, and rising more than 1000%. Then the correction started, which seems unfolding in an inverted-descending wedge pattern. Let's see when TAO breaks this wedge upward.
by SaeedSalehinia
TAO/USDT On the Edge of Major Breakout From Symmetrical Triangle💎#TAOUSDT is on the verge of a major market move as it approaches the upper boundary of a Symmetrical Triangle. Currently, it's testing the channel’s resistance, supported by strong momentum at $381.8. This positioning offers a substantial chance for a breakout, setting the stage for an upward trajectory. 💎However, if #Bittensor cannot sustain this momentum and dips below the critical support of $381.8, it may signal a weakening trend with potential declines. The subsequent critical demand zone at $330.03 is our watchpoint, renowned for its liquidity and history of initiating significant upward movements. 💎In the case that GETTEX:TAO revisits this demand zone, achieving a robust rebound to affirm support is imperative. A failure to do so could intensify bearish forces, tarnishing market sentiment and potentially catalyzing further price drops. 💎Stay vigilant and adaptive, Paradisers. Your ParadiseTeam is actively monitoring and ready to navigate the potential shifts in the #TAO market. MyCryptoParadise iFeel the success
Long
by MyCryptoParadise_Simon
Sell $TATSU $70 - $8.6 in 2months :/With the huge recent down trend and $TATSU reaching a recent low of $8.6 from its all time high and still unable to break the downtrend things do not look very good for this project. On closer inspection of transactions they have huge sell pressure from a group of mev bots and arb bots which have been pushing down the price since there cex listing. On top of there tax bot. The team have done some buybacks but this has just placed a temp hold onto the inevitable upcoming single digit price. Their reliance on influencers to give temp price boosts is not a good sign as a project should sell for its great features, which this project does not have. I think most influencers have already left according to their socials The team may get subnet with GETTEX:TAO but i do not see this being a catalyst to boast the price of the project as it is very poorly executed and the Tao subnet projects have 80% had a huge decrease in prices
UNISWAP:TATSUWETH_BAAFED.USDShort
by EdgeOfTheMarket
1
$TAO Bittensor Tao's Broadening WEdge... Still Retracing?GETTEX:TAO has done a 38% retracement from its all time height of over $760 Current price: $524 If Bittensor's price action continues to respect this broadening wedge, only two outcomes are possible: 1. #tao can continue its retracement to lower supports 479, 429 (perfect dip buying opportunities) Else 2. Tao will continue its ascent to higher prices retesting resistances at 578, 659, 752 and possible price discovery at 847, 950
by Ifiok-2sydes
6
An upcoming "Sell the News" on Bittensor (TAO)?Bittensor ( BITGET:TAOUSDT ) was listed yesterday on Binance! A big wick marking a new ATH has been made, but beware, could this be a short-term "Sell the News"? For the moment, Perfect Cloud (BPC) remains in the green, in an uptrend, but its cloud is starting to look thin. In fact, TAO has never retested its Vegas Daily (blue cloud) of the Trend Identifier (BTI) since the start of its uptrend. If the price really needs to breathe, this would be an interesting area to take a trend-following position.
Short
by Blockunity