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TAO / TetherUS

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TAOUSDT trade ideas

Rotate Within Narratives for Improved ROIThis chart shows TAO priced in FET, both considered "AI projects". Both coins performed well relative to the market, but also against each other (as the chart shows). Retrospective strategy: Portfolio $10k. 25 Oct '23: Buy TAO @ $75. (133 TAO). Current price of FET $0.3. 15 Feb '24: Sell TAO > USD @ $679 = $90,533 15 Feb '24: Buy FET @ 0.68 (133,137 FET) 1 Apr '24: Sell FET > USD @ $3.08 = $410,062 The pattern may or may not repeat, but if the AI narrative heats up again, watch for TAO to lead FET, and then rotate at resistance on the pair chart.
Long
by MockneyScot
Bittensor the Bitcoin Of Artificial IntelligenceElliot Wave Pattern: The chart shows an Elliot Wave pattern in which waves 1, 2, 3, 4, and 5 are identified. Currently, the price is in the corrective area of ​​wave C. This implies that the correction may be nearing its end and a potential reversal towards the next impulsive wave may occur. The next rally will be the very impulsive based because we are in major wave 3. Fibonacci Retracement: The price is currently around the 0.618 (approx. $308.16) and 0.5 (approx. $393.81) Fibonacci retracement levels. This level is often considered a strong support level in technical analysis. If the price manages to stay above this level, a significant upward movement is likely. Bullish Divergence on RSI: The RSI (Relative Strength Index) indicator shows a bullish divergence, which means that even though prices are falling, purchasing power is starting to increase. This is often a signal that the price will reverse upwards. Price targets: Potential price targets based on Fibonacci extensions are approximately $1,003.05 (1.618) and $1,409.51 (2.618). This indicates the potential for a large increase from the current price if a reversal occurs. EMA (Exponential Moving Average): The price is currently below the 21-day EMA, which serves as dynamic resistance. A break above this EMA will provide additional confirmation that an uptrend is underway. Taking into account the factors above, TAO/Bittensor has the potential to experience a significant increase if the price manages to stay above the critical support level and there is confirmation of the bullish divergence on the RSI.
Long
by CryptoWizard_
1
Bittensor (TAO)Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine learning network. Bittensor (TAO) is decentralizing the process and creating a peer-to-peer market for machine intelligence. It enables the collective intelligence of AI models to come together, forming a digital hive mind. Anyway, it is clear that TAO's movement was great. First, oscillating in a triangle pattern, breaking this triangle upward, and rising more than 1000%. Then the correction started, which seems unfolding in an inverted-descending wedge pattern. Let's see when TAO breaks this wedge upward.
by SaeedSalehinia
TAO/USDT On the Edge of Major Breakout From Symmetrical Triangle💎#TAOUSDT is on the verge of a major market move as it approaches the upper boundary of a Symmetrical Triangle. Currently, it's testing the channel’s resistance, supported by strong momentum at $381.8. This positioning offers a substantial chance for a breakout, setting the stage for an upward trajectory. 💎However, if #Bittensor cannot sustain this momentum and dips below the critical support of $381.8, it may signal a weakening trend with potential declines. The subsequent critical demand zone at $330.03 is our watchpoint, renowned for its liquidity and history of initiating significant upward movements. 💎In the case that GETTEX:TAO revisits this demand zone, achieving a robust rebound to affirm support is imperative. A failure to do so could intensify bearish forces, tarnishing market sentiment and potentially catalyzing further price drops. 💎Stay vigilant and adaptive, Paradisers. Your ParadiseTeam is actively monitoring and ready to navigate the potential shifts in the #TAO market. MyCryptoParadise iFeel the success
Long
by MyCryptoParadise_Simon
TAO GOOD PRICE FOR DCA IN THIS ZONEIf the market allows in this zone, we will have a discount of almost 63%, which is an excellent price.There is a 50 weekly moving average, which of course should be a big support . If we look at it as futures, it is better to wait for confirmation of a higher peak and testing of that peak. Next week we will receive a report from ENVIDA and if it is good, it can push the price of TAO. We keep in mind that BTC has held the 50DMA, at the peak of its dominance, and at some point money will start flowing into quality projects like TAO again. If you like this free content, press like and leave a comment
Long
by learnfromfailure
Despite the AI crypto marker surge Bittensor(TAO), the 4th largeThe RSI reading at down the 50 midline level 37 shows increased selling pressure. However, the TAO has now formed a sideway pattern, indicating a physical zone for neutrality. Bulls now demand for a potential breakout from the zone $382 to $402 is much required, any direction above or below this will continue the rally in the same direction. Trade Setup: Enter in $382 to $402, without the $382 breakout for stop loss. Trend: Neutral but Long-term Bullish. Bittensor (TAO) Price Prediction The overall current technical indicator shows a neutral above-support momentum. Currently on a breakout with a downward channel followed by a sideways pattern. The price trading below 50 day and 200 days SMA entranced a death cross moment, the price is motivated to push down from here and hold at new support. Traders should wait for the selling pressure to end and watch the price near $372 to enter the positions.
by foomaclen
GOT BORED W BTC SO LET'S TRY TAOTAO is one of the hottest that we have in this new era. Ight back to the chart, based on the chart only we have 2 scenarios. The first scenario is the one if the TAO following the BTC price(as most of the coin), drawn by the green color . We will have 2 entry points based on the first scenario 415 and 400 . In the second scenario , the price holds at 439 and continues the bullish run . . Still, if u want to take entry pls take it carefully, and manage ur risk well. Until then . . Stay Safe X.CO . . P.S If u want Outlook DM for pricing ty
by Eirxco
A good pattern in Crypto marketHello everyone I am not fundamentalist (I wish I was) and I do not have enough time to follow Crypto White papers and it is a big gap in my work. I search in the market, like a gold seeker, and find whatever fit with my strategy which is so simple. In this way, I have found this project and I am sure most of you are know about it significantly more than me. The last movements and history of its previous waves are incredibly essential for any analyst but what I am counting now is a perfect wave 1 cycle and if it is correct so we can expect a BULL market for that. Second scenario is that this chart ATH was the end of wave 5 and we are in the start of a bear market in lower degree. I do not think that the second scenario makes sense in this market.
Long
by AMA_FX