📊NEUTRAL: #TAOUSDT | $TAO by Ifiok-2sydes (3D)
Current Price $504.71
Market Cap $3.29B
Change 1h +0.40% | 24h -3.42%
We expect #tao to continue its retracement to lower supports (perfect dip buying opportunities) with a 38% retracement from its all time high of $760 to the current price of $524. If price action adheres to the broadening wedge pattern, there are only two possible outcomes. #crypto #investing #Bittensor
Bittensor's community: @taobittensor
Current Price $504.71
Market Cap $3.29B
Change 1h +0.40% | 24h -3.42%
We expect #tao to continue its retracement to lower supports (perfect dip buying opportunities) with a 38% retracement from its all time high of $760 to the current price of $524. If price action adheres to the broadening wedge pattern, there are only two possible outcomes. #crypto #investing #Bittensor
Bittensor's community: @taobittensor
📈LONG: $TAO by Ifiok-2sydes (2D)
#TAOUSDT | #TAO | #Bittensor
Current Price $302.05
Market Cap $2.11B
Change 1h +0.48% | 24h +8.34%
Analysis:
$TAO Bittensor is respecting its falling wedge pattern with a strong price action. It has completed a significant 70% retracement from its all-time high of $795 to a recent low of $235. The current price is looking promising, with a potential buy opportunity in the $224 - $285 range.
Price Targets:
Expect resistance tests at $370, $479, $578, $659, and $752. Keep an eye out for potential price discovery at $847, $938, and $1070. Major support remains at $224. Happy trading!
Bittensor's community: @taobittensor
#TAOUSDT | #TAO | #Bittensor
Current Price $302.05
Market Cap $2.11B
Change 1h +0.48% | 24h +8.34%
Analysis:
$TAO Bittensor is respecting its falling wedge pattern with a strong price action. It has completed a significant 70% retracement from its all-time high of $795 to a recent low of $235. The current price is looking promising, with a potential buy opportunity in the $224 - $285 range.
Price Targets:
Expect resistance tests at $370, $479, $578, $659, and $752. Keep an eye out for potential price discovery at $847, $938, and $1070. Major support remains at $224. Happy trading!
Bittensor's community: @taobittensor
📈LONG: $TAO by TraderAAG (4H)
#TAOUSDT | #TAO | #Bittensor
Current Price $277.69
Market Cap $1.95B
Change 1h -0.95% | 24h -0.93%
4-Hourly Indicators:
• RSI: 42 - Neutral 🟠
• MACD: -0 - Bearish 🔴
• EMA: 282 - Below 🔴
Analysis: To turn bullish on the 4-Hour TF, TAO/USDT needs to break the diagonal trendline. Local resistance is observed around $322 (PWH) on GETTEX, with strong local support at $265 for TAO/USDT.
Price Targets: If the price successfully breaks above the trendline, the next key resistance levels to watch are around $350 and $400. However, if it dips below $265, it could aim for support near $235.
Bittensor's community: @taobittensor
#TAOUSDT | #TAO | #Bittensor
Current Price $277.69
Market Cap $1.95B
Change 1h -0.95% | 24h -0.93%
4-Hourly Indicators:
• RSI: 42 - Neutral 🟠
• MACD: -0 - Bearish 🔴
• EMA: 282 - Below 🔴
Analysis: To turn bullish on the 4-Hour TF, TAO/USDT needs to break the diagonal trendline. Local resistance is observed around $322 (PWH) on GETTEX, with strong local support at $265 for TAO/USDT.
Price Targets: If the price successfully breaks above the trendline, the next key resistance levels to watch are around $350 and $400. However, if it dips below $265, it could aim for support near $235.
Bittensor's community: @taobittensor
📊NEUTRAL: $TAO by Cryptorphic (1D)
#TAOUSDT | #TAO | #Bittensor
Current Price $275.25
Market Cap $1.93B
Change 1h +0.86% | 24h -1.60%
Daily Indicators:
• RSI: 38 - Neutral 🟠
• MACD: -23 - Bearish 🔴
• EMA: 311 - Below 🔴
Analysis:
Looking at the TAO/USDT chart, we see a clear descending channel forming. The support level around $217.67 is crucial. If TAO breaks down below this support, expect further bearish movement. However, a bounce could lead to a reversal.
Price Targets:
If the price reverses, initial targets would be $295.00 and $319.19. Breaking out from the descending channel could push TAO towards $777.26. On the downside, watch for support at $217.67.
Bittensor's community: @taobittensor
#TAOUSDT | #TAO | #Bittensor
Current Price $275.25
Market Cap $1.93B
Change 1h +0.86% | 24h -1.60%
Daily Indicators:
• RSI: 38 - Neutral 🟠
• MACD: -23 - Bearish 🔴
• EMA: 311 - Below 🔴
Analysis:
Looking at the TAO/USDT chart, we see a clear descending channel forming. The support level around $217.67 is crucial. If TAO breaks down below this support, expect further bearish movement. However, a bounce could lead to a reversal.
Price Targets:
If the price reverses, initial targets would be $295.00 and $319.19. Breaking out from the descending channel could push TAO towards $777.26. On the downside, watch for support at $217.67.
Bittensor's community: @taobittensor