#TAO/USDT breaking the Diagonal Trendline in 4-Hour TF!#TAO/USDT breaking the Diagonal Trendline in 4-Hour TF!
GETTEX:TAO needs to reclaim the trendline to gain bullish momentum. #TAOUSDT local resistance level is PML $463.
TAOUSDT trade ideas
TAO Weekly AnalysisTAO is currently in a significant downtrend, emerging as the biggest loser of the previous week with a substantial loss of 25.50%. This downtrend persists as TAO continues to establish new lower lows and lower highs in parallel.
The support level at $430 has been breached by TAO, and the bearish momentum has even broken the long-term support at $400, which has now turned into a resistance level. There is a possibility of TAO retesting this price mark in the near future.
Both oscillators and moving averages strongly indicate a sell signal for TAO. However, for long-term Hodlers bullish on the AI sector, this downtrend could present an opportunity to buy the dip or hold onto their positions.
TAO EASYCorrection is close to complete imo and we're not far off starting a parabolic rise which will last the majority of the year.
$TAO Bittensor Tao's Broadening WEdge... Still Retracing?GETTEX:TAO has done a 38% retracement from its all time height of over $760
Current price: $524
If Bittensor's price action continues to respect this broadening wedge, only two outcomes are possible:
1. #tao can continue its retracement to lower supports 479, 429 (perfect dip buying opportunities) Else
2. Tao will continue its ascent to higher prices retesting resistances at 578, 659, 752 and possible price discovery at 847, 950
An upcoming "Sell the News" on Bittensor (TAO)?Bittensor ( BITGET:TAOUSDT ) was listed yesterday on Binance! A big wick marking a new ATH has been made, but beware, could this be a short-term "Sell the News"?
For the moment, Perfect Cloud (BPC) remains in the green, in an uptrend, but its cloud is starting to look thin. In fact, TAO has never retested its Vegas Daily (blue cloud) of the Trend Identifier (BTI) since the start of its uptrend. If the price really needs to breathe, this would be an interesting area to take a trend-following position.
Destiny Daily TAOI hope you haven't been fooled and invested, you need to understand that technicality is very important.
TAO LongTAO is currently at a significant support level (+200 EMA), I think it is a good moment to initiate a long position. Despite NVDA's decline today, AI remains one of the most crucial narratives driving this bull market.
TAO Looking Bullish, Target should be 500 Tao looking Bullish in 15 Min , we should make rapid entry and exit.
Entry at 470
Stoploss : 450
Target : 499
long TAOTAO reached a critical level of support on the daily chart. If it holds this support area, bullish movement is expected to continue and reach the previous high of $770
Tao chartTao chart.
Each horizontal line is a key resistance that can reject the price to previous levels or to new lows.
The diagonal line is the support that wants to keep the price going up.
This is done using an experimental method, if you want to learn more about it you can PM me.
This is not financial advice
TAO 41124Long term outlook it has still respected the fib extensions. Is TAO the next Bitcoin or the next shitcoin to go to zero? Time will tell. I told ppl when it was under 180 to buy JUST ONE TAO. Stake it and leave it alone. The risk was low af. Its not bad here but It continues to show resilience vs Bitcoin. That is all that matters. Outperform btc, if your shitcoin cant do that. put it in BTC, or at least some. Btc will be king, But TAO is the ultimate AI play. A lower cap one is $GPU but be aware its an ETH shitcoin.
The targets I believe it couldd hit LONG TERM. Dont care what it does short term its volatile af
15k per TAO? maybe idk
taoSupport and press the rocket to cheer me up
Observe the ten percent loss limit
Stay away from Bitcoins
Feel free to buy and sell and post your comments
Wave 5 Ascension: $BITGET:TAOUSDT Targets 830 with FiboWave 5 formation is underway in BITGET:TAOUSDT , with the Fibonacci retracement analysis suggesting an ambitious price target near the 830 mark. The trading volume's coherence with this trend indicates a higher probability for the operational success of this pattern. Risk management is advised with a stop-loss order strategically positioned below the 579.24 threshold.
TAOUSDT Strong buy signal above the 1D MA50Bittensor (TAOUSDT) has been trading within a Channel Up pattern since November 20 2023. Both of its Higher Lows have been formed on the 1D MA100 (green trend-line) with the latest being on March 30.
Today the price broke above the 1D MA50 (blue trend-line) for the first time in 2 weeks (since March 26). If the candle closes above it, we expect that to be the start of the new Bullish Leg to a Higher High, similar to the January 24 break-out. Our target is 1800 (+295.98% from the Low, similar to the previous Bullish Leg).
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Attempting to outtrade the market vs holding an asset in a BR I simulated a trading strategy where every time price breaks base support the asset is sold and the profits are reinvested. The area of repurchase is decided when the newly formed base resistance is broken. This should serve as an example of trying to out trade the market vs simply hodling over time when an asset is rising during a bull market
TAOUSDT BITGET 30/03/24A second attempt at this chart which seems to make more sense. The whole thing hinges on the lead into the chart being an ending diagnal of the corrective wave. Meaning we just completed a wave ((3)) and are correcting in wave ((4)) which may be completing around the current swing low. Wave ((5)) target is just over 1000 which is a big number. Larger degree targets go well north. Looks like long is the way to go with this count. Its a huge wave ((1)) so let me know what you think !
TAOUSDT BITGET 30/03/24My first EW chart attempt. Take it with a shovel of salt. Tricky chart as not much history. Looking like we completed a wave 5 and are now in a complex correction, which will be a wave II of the higher degree. Wave II corrective target around the weekly pivot, around 218. So, according to that we are heading lower before wave III....but now we hit support level at the daily R2 pivot. Please comment ! thanks
TAO long setup hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
TAO/USDT LongYou can see how the price is based on the lower border of the channel, which may result in a reflection of the price, which is in the entry zone into a potential long, with a stop loss at $479. A potential confirmation may be a break above the purple downtrend line.
The RSI shows a return to the local support line, and the STOCH indicator shows that we are exceeding the lower limit, which may also change the price direction.
TAO USDT BEARISH TRENDTAO USDT Is trading in bearish trend as it is prinitng Lower high and Lower Lows in a series.
TAO Weekly AnalysisIn the weekly timeframe, Bittensor (TAO) witnessed a modest decline of 2.81%. Presently, TAO is displaying a Cup and Handle pattern, with potential immediate support estimated around the $603 price level. Confirmation of this pattern is anticipated upon surpassing the $641 threshold, signaling a probable breakout towards the $690 target.
Assessing technical indicators, the oscillators indicate neutrality within the one-hour timeframe, while moving averages suggest a sell signal. However, on the weekly timeframe, oscillators lean towards sell indications, while moving averages advocate for a buy stance. This discrepancy might present confusion to users, underscoring the importance of conducting thorough research and exercising caution before investing.
It's worth noting that TAO is not listed on major exchanges such as Bybit and Binance. Risk-tolerant investors might consider exploring this project, while those averse to risk are advised to observe from a distance for the time being.
$TAO #Bittensor Trading IdeaTAO/USD (Bittensor) at the current moment is inside this consolidation channel. I'm waiting for a breakout in any direction. Of course, I am rooting for a potential breakout to the upside.
