Gameplan for Bittensor - #TAORealistic target considering that the PA of the token loves to play out on trading patterns - target may very on Pole length, used conservative calculation - DCA out imo but long pocket a few, project is legit.
TAOUSDT trade ideas
$TAO Could possibly reach $500 soonI have a big investment in FWB:TAO since $60 per coin I think this could reach $500 soon with the bullish sentiment in the markets alts will rise especially AI coins.
✴️ Bittensor (TAO) Completes 1,262% Bullish Wave, What Now?This is a very interesting chart. Bittensor (TAO) hit bottom May 2023, as soon as this bottom hit a new bullish phase got started.
From May 2023 through mid-December, the 14th to be exact, TAOUSDT grew by a massive 1,262%. A bullish wave 220 days long. After such strong growth, a correction tends to follow.
➖ We have a rising pennant that is already breaking bearish.
➖ TAOUSDT moved yesterday below EMA10 and today is challenging EMA21 as support.
➖ The RSI has been trending down for more than a month, it peaked 6-Nov.
➖ Trading volume also peaked in November and afterward started to decline.
These signals are pointing toward lower prices.
Note: There can be additional growth, very unlikely but still possible. One final jump, shakeouts, etc.
The trend is bullish but the potential right now is strongly bearish.
Buy low, sell high. This pair is trading really high, a new All-Time High.
Prepare for the drop.
Namaste.
🔄(TAOUSDT):Strong Uptrend, Consolidation, and Accumulation ZoneAn analysis of TAO (TAOUSDT) suggests a strong uptrend, consolidation phase, and highlights a potential accumulation zone, providing insights for market participants.
Key Observations:
Strong Uptrend: TAO has been in a strong uptrend, indicating prior bullish momentum.
Consolidation Phase: The coin has entered a consolidation phase, signaling potential accumulation before the next breakout.
Accumulation Zone: $284.90 is identified as a level likely to hold as support, representing a favorable accumulation zone.
#TAO #CryptoAnalysis #AccumulationZone
$Tao Tao's Bullish Pennant.... New Price Discovery?FWB:TAO 's Price Action has formed a bullish Pennant!
Current price: $260
A break out of Pennant will lead to price discovery up to $350..
Else Price may retest strong support around $247
If it breaks the big 'R' it will confirm, and price discovery just wait until TAO this gets listed on major exchanges.
TAOUSDT If this line holds, it can reach $580.00Bittensor (TAOUSDT) is on a remarkable parabolic rally since the October 19 bottom, supported by a Higher Lows trend-line. Below that, is the natural technical Support, the 1D MA50 (blue trend-line). Technically every bullish leg of TAO during this run targets the +0.5 Fibonacci interval, where it consolidates until the next rally to the +0.5 Fib. As you can see, the first consolidation was on the 1.5 Fib, then the 2.5 Fib, where it currently trades sideways.
As long as the Higher Lows trend-line holds, we will target the 3.5 Fib extension at $580. If the Higher Lows trend-line breaks, we will take the loss and target a potential contact with the 1D MA50, with current projection estimates putting a target at $175.00 (but can change as the 1D MA50 rises).
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TAO seems impossible to stopI had been told of TAO when it was already over 70 USDT and I thought it would have retraced a bit to buy but instead it never really did a proper retracement and it has been on fire since then.
Yesterday I noticed that what it should have been a retracement attempt really turned into consolidation (bullish pennant I'd say) which is now breaking out. Honestly too much pumping, as you can see it's been over the TMA for a month now. Assuming for a chart so young TMA is reliable I'd expect a retracement but... PEOPLE IS BULLISH and when people is bullish pumps exceed expetation and TA. Even the oversold RSI and the clearly bearish DIV could mean nothing if people remains too much bullish.
I would love to pick some TAO around 140 USDT but it seems unlikely at this point, if this breakout doesn't pump too much maybe 170 area is more doable. The volume is lowering though!
Here the 4h chart:
At 4h the volume spiked so maybe we could see volume start rising again.
TAO BITTENSOr 112923Double bottom to test the top of the structure. If it slices through as I expect. 400-500 will be the next term target. Long term this thing is crazy af
$TAO TAO'S Head and shoulder Pattern... Higher or Lower?FWB:TAO TAO's Price Action is currently printing a head and shoulder Pattern!
Current Support is around $246
Price action needs to make a bounce of this level for higher prices and continuous price discovery... Resistance Above: 271, 306, 336, 366
If #tao loses current support then a fall to lower supports: 219, 197, 176, 156 is expected!
📈 Bittensor (TAOUSDT) Analysis: A Trend to Watch! 🚀Bittensor (TAOUSDT) is catching the attention of market observers, showing early signs reminiscent of successful projects like Kaspa and Injective, characterized by a straightforward uptrend.
Key Observations:
Uptrend Formation: TAO is currently displaying a clear upward trend, drawing parallels to the early stages of successful projects. This trend signals positive momentum and potential investor interest.
Critical Support Level: The sustainability of this uptrend hinges on TAO holding the crucial support at $224.51. A successful hold at this level could reinforce the upward trajectory.
Tokenomics Resembling BTC: TAO stands out with a tokenomic structure similar to Bitcoin, boasting 21 million coins. The project's emphasis on true decentralization by AI adds an intriguing layer, aligning with broader market narratives.
Bitcoin ETF Approval Date Narrative: The upcoming Bitcoin ETF approval date could serve as a catalyst for TAO. The narrative around decentralized AI and its alignment with Bitcoin's principles may attract attention in the lead-up to this significant event.
Investor Consideration:
As TAO presents early signs of a compelling trend, investors are advised to closely monitor the critical support level and assess the project's fundamentals. The alignment with Bitcoin's tokenomics and the AI decentralization narrative adds an interesting dimension to TAO's potential growth.
TAOUSDT obvious patternThe price has surges a lot during short time, in these kind of cases, the price will need to retrace.
The blue lines are the support levels where you can buy.
Take profit between 5%-10%
$TAODespite I am bullish on this one, I don't think we see 5 digits till 2025.
200$ to 100$ is area of accumulation.
$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!
TAO BITTENSORI believe it's highly overbought, and i'm selling for that reason. This has worked before, and will most likely work again. Not financial advice! But it's happened last time, and the time before that. and it tends to be very accurate on larger time frames.
Bittensor longBittensor broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 54.2 is expected to happen.
TAO STRONG BUYING ZONE Here is a general chart of FWB:TAO , as you can see we are approaching one of the clearest buy points at $46.
TAO - long positionHello my fellow traders, today I prepared for you project I am deeply interested in and it's called Bittensor. Until the price is below 55$ I am expecting more down side. 42$ looks like it could behave as range low. If price breaks below 42$ I think it will behave as deviation and it reclaims this level and will continue higher.
In case price close 3D above 55$ we can open long position and aim for trend line as our first target.
After breaking the trend line our second target is 120$ high. Where I am anticipating a reaction to the downside. Anyways I think this coin will have a solid run in next bull run.
Keep eyes on it and good luck.
BITTENSOR TAOUSDT: Looks Like It Will Pump Now?After doing a couple of research on Web3 projects that are solving problems in the AI industry, GATEIO:TAOUSDT looks like a symbol that is still on the journey of price discovery.
However, we are still going to DCA our long position to minimize risks.
The Risk-Reward ratio is not great, but it breakout from the down trend is probable.
What are your thouhgts on TAOUSDT? Let me know in the comment box.
If this analysis make sense to you, kindly follow me now and support my idea.
Cheers!
Tao Buy Trade. Here is My Study On TAO.
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
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This Is Not A Finacial Advise
TAUUSDT Long Major support and ready to achieve targetTAO an Ai narrative token has came to its major support. No need to explain as chart speaks for
itself.
Stochastic RSI has ticked upwards as mentioned on chart.
now it need momentum to achieve target 1 and 2
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