TAO/USDT - Cup & Handle Pattern on the 1D ChartWe can see a promising **Cup & Handle formation** on the TAO/USDT daily chart. The Cup & Handle pattern is known as a bullish continuation signal, indicating the potential for a trend continuation.
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🔴 **Cup Phase**: The "Cup" began forming when the downtrend halted, and a bottoming process started, followed by a gentle upward movement that shapes the form of a cup. The volume during this phase was relatively steady, indicating slow consolidation.
🟠 **Handle Phase**: After the cup formation, we see a slight pullback, which forms the "handle". This movement typically indicates a final retracement before the price attempts a breakout to the upside.
📊 **Key Fibonacci Levels**: We are currently hovering around the **0.618 Fibonacci retracement level**, which is typically seen as a strong support zone. A successful breakout above the handle could indicate a bullish move, with the **extension levels** being potential price targets.
⚠️ **Key Levels**: A breakout above the **815.3 USDT** level could signal a continuation of the upward trend. On the other hand, a break below the support around **429.0 USDT** would invalidate the pattern and may lead to further weakness.
**Entry Point**: In current Retest Price: 460-475
🌟 **Potential**: A successful breakout from this pattern could trigger a strong buying signal and pave the way for new highs. The target for this pattern could be based on the cup’s height and Fibonacci extension levels, aiming for **1,220.9 USDT** or higher.
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"Always trade with caution and manage your risk! This is not financial advice."
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**Disclaimer**: This analysis is intended for educational and informational purposes only. It should not be construed as financial or investment advice. Trading cryptocurrencies involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions. Past performance does not guarantee future results. You are solely responsible for your own trading activities and decisions.
#TAO
TAOUSDT trade ideas
TAO Takeoff: The Path to EnlightenmentNot a bad project that I would consider in the medium term to buy at current values and fixing at 1.618 Fibonacci level. The project has recently announced partnerships with several major blockchain initiatives, which increases its potential and credibility. Also, the introduction of new technologies and platform improvements could have a positive impact on the price.
Horban Brothers!
TAO Long Spot Trade (Reclaiming Resistance)Market Context:
TAO is showing strength by reclaiming key resistance levels as support and attempting to form a higher low. The setup suggests potential for further upside if price consolidates above $450 and reclaims the daily 21 EMA. A break above $600 could lead to price discovery.
Trade Setup:
Entry: Between $450 and $490
Take Profit Targets:
First target: $590
Second target: $760
Third target: $960
Stop Loss: Daily close below $400
This setup aligns with a strong risk-to-reward ratio, leveraging the potential for continuation beyond $600. #TAO
TAOUSDTThe price is testing a confluence of horizontal as well as vertical support in the 260 region. This horizontal support has been tested 2 times so the 3rd pivot to the horizontal support is very important. Additionally, there is trendline support. Buyers are likely to remain in control above 265. The target for this rally should be 700
TAO bullish to the upside!!TAO has formed a bearish divergence, suggesting the potential for a retracement to key Fibonacci levels at 0.382 , 0.5 , and 0.618 .
Following this corrective phase, the setup indicates a high likelihood of strong upward momentum, aligning with bullish continuation expectations.
TAO USDT :TAO USDT :
The daily chart for TAO/USDT shows a strong recovery, with the price currently at $566.6, up 9.74%
The recent bounce from point C indicates a shift in momentum, supported by the Fibonacci retracement levels aligning with the price movement. If the price continues to hold above the support at $561.8, it strengthens the case for further upward movement toward these targets.
🎯1 Target - 730$
🎯2 Target - 980$
$TAOUSDT Pumping with Volume!! New All-Time High in Sight!BINANCE:TAOUSDT is showing strong bullish momentum, with a recent pump backed by good volume, suggesting potential for a big move ahead. After a healthy correction, GETTEX:TAO has resumed its upward trend, aiming for new all-time highs in the near future. With momentum picking up, this setup could present a solid opportunity, but it’s crucial to manage risk carefully. Always set a stop loss to protect gains and limit downside exposure in case of a reversal. Let’s see how far GETTEX:TAO can go!
Currently trading at $540
Buy level: Above $520
Stop loss: Below $435
TP1: $650
TP2: $800
TP3: $1000
TP4: $1250
Max Leverage 3x
Always keep Stop loss
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Bittensor (TAO) Classic Lower-High 5X-SHORT—242% PotentialGood morning my fellow traders, I had to wait patiently on this one before releasing the full trade-numbers as we needed a better entry price. Two days ago it was too low.
We are looking at Bittensor (TAOUSDT) and we have a long-term lower high. We identify the pattern as long-term because it is more than 6 months old.
Currently there is a small bounce which is accompanied by low volume and any rise on a drop is a sell opportunity.
I will share one more of these trades we will be move to a different format.
Thanks a lot for your continued support.
___
SHORT TAOUSDT
Leverage: 5X
Entry levels:
1) $575
2) $555
3) $525
Targets:
1) $510
2) $475
3) $450
4) $392
5) $345
6) $310
7) $290
8) $270
Stop-loss:
Close daily above $580
Potential profits: 242%
Capital allocation: 3%
____
Remember the risk. This is not for beginners. Never max-out on leverage so you have room to maneuver. Even if the setup looks ultra-great there is always reason to be patient and stay within your initial position because market conditions can always change. We need to be wise, smart and non-greedy to be able to win with these trades.
We have many of these now live and green. PEPE, SHIB, SOL, BNB, OM; just to mention a few. Recently I shared SUI and will do SEI next to end our public shorts session and prepare for a change in the market cycle.
This is not financial advice.
Thank you for your support.
Namaste.
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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Alikze.
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BINANCE:TAOUSDT
Bittensor(TAO) Long ideaI'm planning a major long position on TAO if we see a price drop to the key support area around $350. This level aligns well with previous support zones and could offer a solid entry point if the market pulls back. If this entry is taken, I’m setting an invalidation level at $280—meaning this would be the point to cut the trade if price dips below, especially for those using leverage.
The analysis shows a possible bullish trajectory towards $681 and $756 as TAO continues to gain strength. Also the thinner yellow line could be seen as take profits! With the overall market moving further into a bull phase, I believe TAO is positioned as one of the top contenders within the AI space, making it an attractive asset to accumulate.
This setup is based on strong support/resistance levels, and Market Liberator B is also showing oversold conditions, adding extra confluence to this potential entry zone.
Correction Time Duration & DynamicsThis is just for reference, to try and extract some approximations as how to long the second correction will last.
The first one from March through August lasted 154 days, 22 bars.
➢ If we divide this number by 1.618, we get 95 days, 14 bars.
➢ If we divide this number by 2.618, we get 58 days, between 8-9 bars (weeks).
The market never moves straight down nor straight up. So in-between the red weeks we would get some green weeks but with a bearish bias. (I am going with number two for now, the shorter time duration for this correction.)
Once the bottom is hit, we will never see a new lower low until 2026.
We will have to wait and see of course but this can help us to build an idea. The correction would be similar across all major pairs. Only the smaller ones that already hit bottom and new All-Time Lows would follow different dynamics.
For example, some pairs are trading really low like Cardano (ADAUSDT) and today it only goes down a little bit, while the pairs that are high up like Binance Coin (BNBUSDT) are going down a lot. Bittensor (TAOUSDT) is one of the big pairs trading high up, it has lots of room to move lower.
Here we are looking at the correction dynamics, the support levels were visited in a previous publication.
Thank you for reading.
Namaste.
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.
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Best Regards, KABHI FOREX TRADING
Thank you.