TAOUSDT trade ideas
$TAO Bittensor price action in Broadening Wedge... High or Low?FWB:TAO Bittensor has been on a relentless upwards tear!
Current price: $170
Price action keeps broadening in Wedge!
If FWB:TAO rejects angled resistance of wedge then buy the dips support areas are: 156, 136, 118
Else Bittensor continues upwards and breaks out of Wedge for 176, 197, 219 Resistances!
TAO - long positionHello my fellow traders, today I prepared for you project I am deeply interested in and it's called Bittensor. Until the price is below 55$ 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.
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Cheers!
Tao Buy Trade. Here is My Study On TAO.
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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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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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