TAO/USDTDaily support well held on pullback. Nice spot to long from here. Trend is up folks... don't short your wallet empty! Bought today
TAOUSDT.P trade ideas
Bittensor Correction UpdateLook at the rounded top or mountain peak, above the blue line, once the action moves below the neckline there is no going back. The bearish move is confirmed.
We can see how a top pattern looks like from February/March 2024. We can see the exact same dynamics happening now. The only difference is that the current wave is much smaller, an inverted correction compared to the previous one.
So we get this inverted correction, it produces a lower high but it is still relatively strong. Just as we had a period of consolidation between June and September, we will have a new period of consolidation when the new low sets in.
How far down it goes? It is the same situation with Aptos and many other pairs, this is the part that will be highly variable. Some pairs will hit new lows compared to August, others will produce higher lows. It can be predicted which one it will be but this is not necessary for me. We just let the correction run its course and once it is over, we start all over but instead of betting down (selling), we buy-up (LONG).
Bittensor (TAOUSDT) is going down now, but this should be one final down-move as a correction before long-term growth. After this, we are fully in into the 2025 bull-market cycle. It will be a new beginning and we will have growth for years to come.
Namaste.
TAOUSDT Will Support Hold, or Is a Breakdown Imminent?Yello, Paradisers! Will #TAOUSDT hold its ground, or are we about to see a significant breakdown? Let's break down what could happen next.
💎#TAO is currently resting on a key support level. If the price successfully breaks below this support or the double top neckline, it will confirm a bearish trend, potentially leading to a deeper drop.
💎If this breakdown occurs, we’re eyeing the $484 demand zone as the first major target for the move downward. Should the market continue to struggle, there's a possibility of reaching even lower levels, with our final target positioned around a stronger support area.
💎On the other hand, if the price manages to close above $634 on the daily chart, the bearish outlook will be invalidated, and the market could resume its bullish trend.
Paradisers, stay sharp and wait for confirmation before acting. Smart, disciplined trading will keep you ahead of the game in this volatile market!
MyCryptoParadise
iFeel the success🌴
TAO, the next wave rises...Today I want to write about Bittensor (TAO), one of the leading AI tokens. TAO is a decentralized artificial intelligence-based network that integrates blockchain technology with AI. Many specialists believe AI will shape the future of blockchain technology. So, generally, it is a good idea to keep this coin in our watchlist. TAO growth around 190% in 30 days (230 - 680), then had a pull back to 470. After that a strong and valid cannel shaped in 4h timeframe, as you see in chart. Now, it fluctuates at end of channel. If the market conditions are stable, the next move is likely to be upward to midline of channel (637) and then the top of channel (739). Follow the chart.
Enter: 585
TP1: 637
TP2: 680
TP3: 739
SL: 530
**IMPORTAN** Be careful...any panic news can change the scenario.
** Please follow your strategy and do your research before trading; this is just my idea, and I will glad to see your ideas in this post.
bittensor (TAO): Bearish Or Bullish? EMAs & MACDConditions can be slightly mixed on this chart as the pattern is a rising wedge but can also transform into a continuation pattern...
bittensor (TAOUSDT) produced a high 7-Oct. and has been shaking since. While there can be additional growth we have a majority of the recent candles closing red as well as rising bearish volume.
Total growth since the 5th of August goes beyond 300% so a correction, even if just short-term, wouldn't be surprising at this point.
We see a close below EMA8 and EMA13, which are fast moving averages.
The RSI is trending down while the MACD looks weak. I am considering additional indicators because the chart is young and we do not have enough data coming from the candles.
Let's look at the daily MACD:
(Peaked late September and already produced a bearish cross.)
The probabilities favor the bears at this point.
Namaste.
Sell TAO/USDT Channel Breakout H4 The TAO/USDT pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Days
Key Points:
Sell Entry: Consider entering a short position around the current price of 607, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 494
2nd Support – 422
Stop-Loss: To manage risk, place a stop-loss order above 687. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Alikze »» TAO | Ascending corner pattern - 1D🔍 Technical analysis: Ascending corner pattern - 1D
- In the analysis presented in the previous post , in the 4H time frame according to the direction of movement, after the short-term ascending channel was broken, a correction was encountered, which continued until the correction range of $217.
- Demand was met in the range of $217, which has continued its growth by forming a return pattern up to the range of $690.
- Currently in the supply zone, it has formed a bullish angle pattern.
- Therefore, I expect that after breaking from the bottom in the range of $500, it will face demand again and complete the 5-wave cycle up to the ceiling of the channel.
💎 Alternative scenario:
In addition, if the pattern breaks and there is no support in the range of $500, the correction can extend to the green box.
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BINANCE:TAOUSDT
TAO SCALP LONG IDEAWe are in TAO 1H Supply zone. I will look the stentgh over here in order to enter trade.
It is scalp trade. If bitcoin changes bullishness - TAO will be following it too.
Be cautious and do not risk that more than you can afford.
Nothing i share is financial advice. Education purposes only.
#Altcoins #Crypto #altcoin #AltSeason2024 #Bitcoin #Ethereum #AI #TAO #TAOUSDT
TAO ending diagonalGETTEX:TAO is currently moving into an ending diagonal formation of submicro degree within wave 5, which indicates the potential for a significant shift in market dynamics. This pattern typically signals exhaustion in the current trend, with price action narrowing as it approaches the final stages. Traders should closely monitor this setup, as it could result in either a shallow correction or a sharp, massive drop depending on how the market reacts to the upcoming levels of resistance and support.
Potential Downside Wedge Potential Downside Wedge on TAO with a confirmation lumming with wihite line traced breakdown.
Target would be bottom of the wedge.
TAO Broke ATH TAO makes ATH indicating HH structure trend.
Price target is at 80% filling of the wick.
TAOUSDT - Emerging as a Market Leader in AI Crypto! TAO is positioning itself as a leader in the AI crypto space, showing impressive technical strength after a healthy retracement to major support. With its momentum building, TAO is now on the move toward new highs! Remember to trade safe and keep an eye on this promising asset!
TAOUSDT Currently trading at $557
Buy level: Above $555
Stop loss: Below $445
TP1: $600
TP2: $700
TP3: $800
TP4: $1250
Max Leverage 3x
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
TAO after big correctionAccording to Elliott waves, Tao is on the path of the fifth wing after its deep correction, and the current correction of Bitcoin will not have much effect on it.
We will probably see it in the range of $1100 in the middle of 2025.
This is an analysis based on current data and is not a recommendation to buy or sell and should not be used as a basis for trading .
Thank you for your attention .
False breakout confirmedAt region (a), the excess is relatively small, indicating that seller exhaustion isn't very strong, which led to the current situation at region (b), where the buyers' initial breakout was weak, and sellers responded swiftly. This suggests a false breakout.
It’s best to wait and observe how the price behaves around the POC at 544. If the price holds above the POC and we observe strong bullish patterns, an upward move is possible. However, if it breaks below the POC, further downward movement is likely.
Note: Bitcoin's price has been trending downward over the past few weeks, with a significant long bearish wick recently. Since many coins, including TAO, have a strong correlation with BTC, a move below the POC could signal a potential downside.
#TAO/USDT 100% Up since our Entry!Next Target here!Profit Update for TAO/USDT 🚀🔥
To all my amazing followers, here's a quick update on our TAO/USDT trade! 🎯
📊 Entry Point: Around $217 with an average entry of $235 on July 02.
📈 Current Price: $473 (at the time of posting)
💰 Profit: That's a 101.28% increase based on the average entry! 🚀
The breakout is going as expected, and we've already doubled our investment!
For those holding, keep an eye on the next key levels as we approach new highs.
Am I selling? No! , I’ll add more in the dips.🙌
Next target: $777
For those who missed this one too, God help you!
(👀 All-Time High in sight!)
Stay tuned for more updates and trade safe!
💹
MARKETSCOM:BITCOIN
Do hit the like button if you like it, I will be sharing more altcoins like this so do not forget to follow me!
Thank you
#PEACE
TAOUSDT Breakout SoonHere's my idea about TAOUSDT Breakout
Make sure to Take spot Trade or Use low Levrage
Strong Support and Breakout Retest Suggest Bullish Continuation In the daily chart, it’s unlikely the price will drop, as strong support was found at 220 from April to October. The current state is a breakout retest of the major resistance at 615.
On the 4-hour chart, the price has been ranging for two weeks, with 602 acting as new support. A strong bearish wick appeared on October 7 at 1pm, but high volume has not yet confirmed it.
On the 1-hour chart, from 670, the price did not return to the value zone quickly (as candles shows some hesistation), indicating some buying interest between 604 and 630, suggesting buying pressure. A bearish wick with high volume appeared at 4pm, suggesting that greater demand level is around 600 than 610.
Consider entering a long trade around 600, with a take-profit target at 640
TAO Takes the Lead: Shifting Focus to the Top AI RunnerI was hesitant to post this setup since it’s already done a 2x from the lows.
I completely overlooked GETTEX:TAO as a major runner in #AI, so I stuck with NYSE:FET instead. But now I see that GETTEX:TAO has a much stronger chart and greater potential.
Both the weekly and monthly charts show confirmations, with the monthly possibly reaching over $1500.
The daily just printed another trend, with $715 as the first target, and it’s likely to hit another ATH.
It’s clear that this one is the leading AI mover, so I’ll shift some funds into this. I plan to ladder in my buys and hope for a retest at $545.
bittensor: A Local Top?I am looking at the shorter timeframes on this pair, 1H and 4H, and it seems the formation of a local top is present.
On the daily timeframe, the main chart above, there is also some mixed action happening after a 275% bullish wave in a matter of 57 days.
The Cryptocurrency market is wild and unpredictable and tends to produce massive growth, but I wouldn't be surprised to see a retrace or correction after two months of growth with a period of straight up.
The correction can be mild but fast in order for the pair to resume its growth. These are early signals and require looking deep into this chart. It is mixed to say the least but after strong growth, we tend to see a retrace, even if it is a small one.
Namaste.
TAO PriceTAO’s daily chart outlook guides a bullish stance, as it comfortably rests above the key EMAs and has been outperforming for the last few sessions.
$TAO Long, Based Off Of Round Number, Support + $BTC CorrelationTrade Thesis:
TAO has been performing exceptionally well recently. Bitcoin (BTC) is firmly supported at the $60,000 level and is bouncing back, providing positive confluence for TAO.
TAO's 1-hour Relative Strength Index (RSI) is oversold, indicating potential bullish momentum. The confluence of TAO bouncing off the psychological round number support at $500, strong BTC correlation, and key technical indicators suggests a high-probability long setup with limited downside and significant upside potential.
Technical Analysis:
🔹 Strong Support at $500:
Psychological Support: TAO is holding above the $500 level, a key psychological number that often attracts strong buying interest.
🔗 BTC Correlation:
BTC Holding $60k: Bitcoin maintaining the $60,000 level and bouncing back adds bullish momentum to the broader crypto market, positively influencing TAO.
Bullish Momentum: BTC's upward movement provides additional support for TAO's potential rise.
📈 Technical Indicators:
RSI Oversold: TAO's 1-hour RSI is oversold and is crossing above 50, signaling increasing bullish momentum.
VWAP & EMAs: Both BTC and TAO are approaching key moving averages, setting the stage for potential breakouts.
Trade Setup:
🟢 Entry Points:
Aggressive Entry: Enter a long position around $507.
Conservative Entry: Wait for the price to cross above the VWAP, 20, and 50 EMAs on the 15-minute chart for additional confirmation before entering.
🛡 Stop Loss:
Set a stop loss at $489 to manage risk effectively.
Conclusion:
TAO presents a compelling high-probability long opportunity with multiple confluence points: strong support at a psychological round number, positive BTC correlation, oversold RSI on the 1-hour chart, and favorable technical indicators on the 15-minute chart. As traders, managing probabilities is crucial, and this setup offers a favorable risk-to-reward ratio with limited downside and significant upside potential. 🧠✨
$TAO - First Target Reached. Rocket up? • GETTEX:TAO : Bittensor’s GETTEX:TAO empowers an open-source decentralized AI network, unlocking unprecedented scalability and collaboration in AI learning.
4-Day Timeframe, Target Reached. ✅
Overall Bullish chart structure, potentially it needs to build more structure out before a next move as we just reached the first target.
But GETTEX:TAO does GETTEX:TAO things and can also move upwards in 1 straight line as before.
BitTensor (TAO) – Major Resistance at $683! Time to Reallocate?📊💥 BitTensor Soars – Profit-Taking Time? 🚀
Let’s take a look at BitTensor (TAO). We’ve been riding this wave since $83 and increased positions around $135. Now, with the price currently at $584, I’m eyeing my personal target of $683, where I’ll be taking at least half of my profits and reallocating to other promising projects.
BitTensor’s market cap is nearing $4.5 billion, ranked 25th overall, but its trading volume is slipping to 36th. I’m happy with the gains so far and see $683 as a key resistance level, perfect for profit-taking.
Once I’ve cashed out some gains, I'll look to reinvest into projects with more upside potential, such as Sui, Sei, Tia Celestia, CRGPT and AIOZ. It’s been a great run, but it’s time to plan the next move!
Let me know your thoughts and let’s continue to navigate these markets smartly.
One Love,
The FXPROFESSOR 💙
