$TAO Bittensor price action in Broadening Wedge... High or Low?FWB:TAO Bittensor has been on a relentless upwards tear!
Current price: $170
Price action keeps broadening in Wedge!
If FWB:TAO rejects angled resistance of wedge then buy the dips support areas are: 156, 136, 118
Else Bittensor continues upwards and breaks out of Wedge for 176, 197, 219 Resistances!
TAOUSDT
TAOUSDT Bullish leg to $100.TAOUSDT is rising after a Bull Flag pattern formed in the middle of its 2 month Channel Up.
A similar Bull Flag was formed in May 16th-24th and started a +62% rebound.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 100.00 (+62% projection).
Tips:
1. The RSI (1d) is rebounding on its MA line, same as on May 24th which was the Bull Flag's bottom.
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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.
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