#TAO Bittensor currently at critical support/resistance ...#TAO tao's all time high from this chart is $795
Tao Bittensor has retraced almost 60% from it's all time high to it current price of $375 forming a double bottom!
Expecting price action to remain supported around this region for higher prices.
GETTEX:TAO Up resistances: 479, 578, 659, 752 then 847, 938, 1070
Invalidation under 340 support!
TAO
TAO PUMP SEASONTao is a prominsing AI coin that lots of time has made good money. Usually, i like to scalp TAO but actually i want to hold it also considering the NVIDIA earnings. I think we will see a pump on most AI coin, and TAO could lead to pump. First target the resistane area at $645, but first we need to close above the resistance boxi drawed, that it's a daily strong resistance level
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
TAO Long scalp setupIt's a long time i am not trading TAO, but i was checking this chart and setup looks good for a scalp long. Actually the price is sitting on H1 support zone, and on smaller timeframe is showing a potential reversal pattern (break of m5 timeframe and bullish divergence). I am targeting local highs and i placed my personal stoploss a bit more aggressive, but placing it below the support zone at 428 could be safer
$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
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.
TAOUSDT Strong buy signal above the 1D MA50Bittensor (TAOUSDT) has been trading within a Channel Up pattern since November 20 2023. Both of its Higher Lows have been formed on the 1D MA100 (green trend-line) with the latest being on March 30.
Today the price broke above the 1D MA50 (blue trend-line) for the first time in 2 weeks (since March 26). If the candle closes above it, we expect that to be the start of the new Bullish Leg to a Higher High, similar to the January 24 break-out. Our target is 1800 (+295.98% from the Low, similar to the previous Bullish Leg).
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TAO/USDT LongYou can see how the price is based on the lower border of the channel, which may result in a reflection of the price, which is in the entry zone into a potential long, with a stop loss at $479. A potential confirmation may be a break above the purple downtrend line.
The RSI shows a return to the local support line, and the STOCH indicator shows that we are exceeding the lower limit, which may also change the price direction.
$TAO next stop $1000?I called out GETTEX:TAO at $250 on Feb 4. Since then it ran to $700 and has pulled back and consolidated between about $550 - $625. The chart has formed and if the market continues to move I think there is a chance the buyers come in to run this to 4-figures. This is entirely dependent on the market not nuking - but with the intense, likely institutional BTC buying over the past 48 hours and many retail investors sidelined with little exposure I think a full meltdown is unlikely. We also need the equity markets to stay hot - thats a different story in and of itself.
🚀✨ Quarterly Crypto Chronicles: Top-3 Altcoin Triumphs! 🦄📆🔄 As the seasons change, so do my Top-3 crypto spot holdings. It's a tri-month (qyuarterly) tradition, a strategic dance with the markets that I've fine-tuned over cycles of highs and lows. 🔄📈
🔙 Last November, this ritual bore exceptional fruit, yielding what I proudly regard as the pinnacle of the past 24 months. Here's a flashback to those stellar performers:
🚀 Stacks (STX): Soared to a 306% return, a testament to our collective analytical prowess.
👑 Tao Bittensor (TAO): Ascended with a regal 627% return, crowning it the king of my picks.
🧠 Fetch AI (FET): Demonstrated its digital intellect with a solid 117% return, reinforcing its place in our digital dominion.
These aren't just numbers; they're the fruits of our shared journey towards financial enlightenment. 🌟💡 a lot of the research i did was here or started here, on Tradingview.
🔄 As the time comes to shuffle the deck for the next quarter, I invite you all to join this forecasting fiesta. What's your take on the potential market leaders? 🎲🔮
Many have speculated whether XAI will grace my next Top-3. Despite its allure, I'll drop a little spoiler: 🚫 XAI won't make the cut. I'm eyeing other unicorns prancing on the horizon with even brighter prospects. 🦄✨
🤝 I'm all ears for your picks! Let's exchange insights and forge ahead to a quarter of informed, strategic trades. 🔄🤖
PLEASE Remember: while the sparkle of leverage can be tempting, it's the steady climb of spot holdings that builds lasting wealth. I prefer the solid ground of spot trading over the tempestuous seas of leverage and my 20% leverage -80% Spot is going to 90-10% for the next year– it’s about playing the long game now that the Bull run unfolds. 🛡️✨
Stay wise and don't let the allure of leverage dilute your strategy. Stick to the fundamentals, and let's ride the next wave of success together. 🌊🚀
3x3x3x3= 81 (that's if your selection can triple for 4 quarters in a row)
One Love,
The FXPROFESSOR 💙
We was right again! TAONice play on TAO, it's dropped nicely from our entry. I am fully out from my short entry and i am now waiting to place a long order. It's approaching support and the main trend is bullish, so i just want to see a bullish signal to reverse into a long position targeting new highs
$TAO Bittensor Tao's Rounded Top pattern...FWB:TAO rose to a height of $397 and has recently retraced to form a rounded Top pattern.
Current price: $225
The rounded top pattern is usually a bearish pattern and prices most likely will continue downwards 80% of the time! Supports 194, 156, 126 will be tested!
But There's a 20% chance that FWB:TAO 's retracement is complete and is ready for higher prices:
Resistances: 271, 302, 336, 379, 430, 479
TAO/USDT: Analysis - will it bit and soar? or bit and sorry?!THIS IS SUPPOSEDLY VIEWABLE FOR ARCHANGELS: NOW PUBLIC.
SUMMARY FOR LAZY READERS:
🚨 Traders, this TAO chart’s a battlefield, and the bears are winning. The 0.618 Fib level’s been snubbed—no bullish bounce in sight. We’re in deep bear territory here.
📉 MAs are out the window; the 50-day and 20-day are being blatantly disregarded. Price action is breaching these with zero respect. It’s bearish, and anyone saying otherwise is selling dreams.
👊 That huge wick? It's a tease, not a trend reversal. Don’t get suckered into bullish traps. This isn’t a buying zone; it's a warning shot.
💥 Sellers, get ready. The 'safe' MAs? They're targets now, not supports. Expect prints at 200MA or 150MA because we might not be done dropping.
#TAO #Crypto #Bearish
See photo for more elaborated explanation.
For more detailed takes. Here is why.
🚨 TAO's chart is in full bear mode, and here's why:
📐 Fibonacci's telling a grim tale. The 0.618 level's been shunned, and when you ignore the golden ratio, you're asking for pain. A false rally to 0.114 was nothing but bears in sheep's clothing, baiting for a drop.
🟡🟣 MAs are crying wolf here—the 50-day (yellow) and 20-day (purple) have been breached with no bounce-back, solidifying the bearish stronghold. Prices slicing through MAs like this? It's not a sign of health.
👀 That wick at the top isn't a bullish battle cry; it's a one-hit wonder. The market's not finding any solid ground, making those 'buying zones' more like quicksand.
🔮 Predictions of a touch on the 200MA or 150MA? It's not just probable; it's like destiny at this point. We're heading south until those levels say 'stop'.
💸 Sentiment's a mixed bag with talk of influencers and VCs pumping. But remember, real markets don't run on hype alone.
In short: Bulls, take a breather; bears, take the wheel. We're not in Kansas anymore, and this yellow brick road's heading straight for a cliff.
#TAO #Crypto #Bearish