Tao/Sol: A New Chapter in the Sol/Eth SagaA new star emerged in the silent void, its light a whisper of ancient tales. Born from cosmic dust, it carried the echoes of those who once burned bright, their stories etched in the fabric of the universe. The star's glow reached out, finding a lone comet drifting through time.
As they drew near, the comet felt the pull of a forgotten connection, a bond that transcended the ages. They spiraled together in a dance of light, repeating the history of their ancestors. Their union blazed across the heavens, a timeless tale reborn, written in the language of the stars.
TAOUSDT
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 🎯
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.
$TAO bittensor Falling Wedge ... 70% Retracement Completed!#TAO price action still respecting its falling wedge...
Current price: $303
GETTEX:TAO Bittensor has retraced 70% from it's all time high to a low of $235
All time high $795
Expect test of past resistances!
Up resistances: 370, 479, 578, 659, 752 and then price discovery at 847, 938, 1070.
224 is a major key support!
224 - 285 is a remarkable buy the dip area!
TAO ANALYSIS🔮 #TAO Analysis - Breakout 🚀🚀
💲💲 There is a breakout of Falling Wedge Pattern in #TAO and trying to retests the level. It's a daily time frame breakout and we will see more higher price in long-term. A successful retest is done and now we could see proper a rally 📈📈
💸Current Price -- $355.60
📈Target Price -- $722.00
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#TAO #Cryptocurrency #Breakout #DYOR
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.
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~ 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
Bittensor Price Prediction: Will TAO Crypto Break Resistance?MEXC:TAOUSDT has displayed notable bullish momentum over recent sessions, with closing prices moving from $259.5 to $264.9. This consistent upward trajectory is supported by the 9 and 20 EMAs, which have been trending higher, indicating a strong short-term and medium-term bullish trend.
Current price action suggests that the Bittensor price is poised to challenge critical resistance levels. Immediate resistance is observed at $282.8, with further resistance at $287.4 and $287.5.
A successful breach of these levels could signal a continuation of the bullish trend, potentially driving prices higher. On the downside, support is solid at $264.4 and $256.0, with a more substantial support level at $214.5. These levels will be crucial for traders looking to enter long positions, as holding above these supports would reinforce the bullish outlook.
MACD values indicate a strong bullish momentum, with the MACD line consistently above the signal line and the histogram showing positive values. This suggests that the current uptrend is gaining strength. Meanwhile, the RSI, currently in the mid-60s, is approaching overbought territory. However, it still has room to grow before indicating an overbought condition. This suggests that there is potential for further upward movement.
For traders looking to capitalize on the current bullish momentum, entering long positions at or near the support levels of $264.4 and $256.0 could be advantageous. Exit points around the resistance levels of $282.8 and $287.4 could then be set. Conversely, if the price fails to hold above the support levels and begins to show signs of a reversal, short positions might be considered, targeting the lower support at $214.5.
In conclusion, the TAO crypto exhibits a strong bullish trend supported by positive technical indicators and clear support and resistance levels. Traders should watch for price action around these key levels to identify potential entry and exit points.
TAO/USDT Technical Analysis in a Daily Timeframe.Hello 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:
Since early April 2024, TAO has dropped by 68% and may fall further by 20%-25%, reaching lower support levels between $194 and $217.
A rebound can be expected after hitting these support levels. This rebound will likely push the price back to its ATH target of $777, gaining almost 260%.
Here are the key observations:
~ Strong support/Entry: $194 to $217.
~ Primary Resistance: $287 to $306.
~ Potential rebound/Target: $777 (All-time high).
~ RSI: Slight increase in momentum from the oversold area, indicating a bullish scenario.
~ Invalidation point: A breakdown and close below the support level.
DYOR. NFA.
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Thank you!
#PEACE
$Tao's Falling Wedge... Resistance/Support Flip?#TAO price action current in a falling wedge...
All time high $795
Tao Bittensor has retraced almost 60% from it's all time high to it current price of $375 forming a double bottom - Previous Resistance is now support!
Expect test of past resistances!
Up resistances: 479, 578, 659, 752 then 847, 938, 1070.
Invalidation under 340 support!
Supports under $340: 285, 224.
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.
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
#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 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
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