TAO — Ready for Takeoff?Bittensor (TAO) is shaping up for an exciting move.
Double Bottom
• Formed at $215 (early July + early August)
• Strong bounces both times
Consolidation Channel
• Currently sitting in the middle, poised to break higher
Key level to watch and entry: $355 resistance.
If TAO breaks through, there’s potential for a 25% gain, targeting the next resistance at $450.
TAOUSDT trade ideas
TAO Technical Analysis in 2-Day TimeframeHello 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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~ 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:
TAO is in a downtrend and is holding support at $218. It is currently facing resistance at $321.87, and given the current market scenario, TAO is likely to undergo some correction, followed by a rebound.
The resistance is quite strong for TAO, but if it manages to close above this level, a bullish move is likely.
Key levels:
- Support: $218 to $250
- Resistance: $302 to $321
- Target: $500-$700
- Invalidation: A close below the support level.
DYOR, NFA.
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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.
SHORT #TAOUSDTSHORT #TAOUSDT from $304.85 stop loss $331.27
15m TF. The coin showed good growth without any corrections, at the moment it rested on the resistance area where the block order is also located, there were not enough forces to break it. I expect going down in order to perform a corrective movement and simultaneously collect liquidity across the entire area of movement, there is also the potential to go lower to the lower order block because at this level there is liquidity (orders of market participants)
1 Take profit; 294.51 update of the local minimum
2 Take profit; 280.72 Order block
3 Take profit; 247.79 Block order and last minimum
Bittensor Price Action - Update to fit my biasMEXC:TAOUSDT Update 1:
The 50 MA and 100 MA have crossed on Bittensor, moving price downwards toward $180 levels. The Order Block on $180 will be retested. If the OB gets filled and rejects the downtrend, I'm hoping for a very bullish scenario.
Worst case scenario: Bittensor price-wise may retest $44/TAO. There's a huge OB waiting at those levels.
What's your take on this? Where do you see TAO is headed?
TAO/USDT: Ideal to Enter After the Weekly CloseIn my previous analysis, I mentioned that the better trade is to wait until the price action breaks above the $360 weekly structure and then enter on the retest. However, I see another swing trade opportunity after noticing the candlestick closed with a continuation pattern that I like, right above the dynamic support of the 40-day EMA on the weekly timeframe. My directional view remains the same as in my previous analysis.
My Previous Analysis :
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/USDT: Eyes on This One!In my previous analysis, TAO/USDT followed the path that I drew perfectly, giving us a good entry for continuation on the 21-EMA Daily Timeframe. However, if you haven't entered yet, the better trade is to wait until the price action breaks above the $360 Weekly structure and then enter on the retest. Eyes on this one!
TAO/USDT Target 1 Hit! What's Next?In my previous analysis, we entered the TAO/USDT trade after observing price action on a lower timeframe. We hit our target 1 right on the mark!
Now, what’s next? We’ll wait for the price action to develop before entering a trade for continuation to the upside. We might want to see a break above $360 first and then enter a trade on the retest.
Personally, I am still holding all of my spot positions that I entered around $220, as I believe TAO is good to hold to ride this bull run.
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.
~ 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:
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 Update: Headed to ATH and aboveBittensor was FUDded by different articles writing overexagerations about the significant network attack. The community dealt with the issue accordingly. The network was in Safe Mode, which means transactions were halted but the network still produced blocks. Lots of articles claimed that hackers STOLE 8 million worth, but that's not the case.
The price has broken above the Daily 50 Moving Average and is headed towards the 200 MA.
The MAs have crossed on the 4 HR chart, and it looks like another Bullish Golden Cross.
Overall I'm extremely bullish on the long term. This can significantly evolve into GAINS of proportions yet unseen.. Grayscale has also opened positions on $TAO. You do the maths. I hope you accumulated until now. There will always be opportunity to accumulate more.
Extremely Bullish
Broken 50 MA -> Headed towards our First target 200 MA
Price broke above the red downtrend trendline. A break above the yellow downwards trendline will mean an upside potential of 100% short term.
IF it breaks the 200 MA, I'm expecting another revisit to ATH, which for now is my main target.
Still a good entry point. I believe it's going to go way above ATH, but it's crypto after all. Anything can go wrong before it gets better.
On the Wall Street Investment sentiment we seem to be breaking out of the Bear Trap zone, which means the Bull is yet to come.
What's your opinion?
NFA. Just my personal thesis and 2 cents.
Peace and love.