🔍 STRUCTURAL OVERVIEW
Long-Term Range Formation:
TAOUSDT has established a multi-month consolidation structure between $280-$440. Price action shows compression within this zone with multiple tests of both boundaries.
🕓 Holding Timeframe: 6 to 9 months
Current Position:
Price testing upper boundary of established range at $389-420 zone (pink resistance box on chart). This marks the 4th significant test of this level since early 2025.
📈 KEY ZONES FROM CHART
Resistance Clusters:
Immediate: $389-420 (current test zone)
Secondary: $440-460 (prior consolidation ceiling)
Extension Zones: $669 → $740 → $826 (marked green boxes - prior supply areas from 2024)
Support Foundation:
Primary: $280-310 (established accumulation pocket)
Intermediate: $320-340 (mid-range acceptance)
⚡ TECHNICAL OBSERVATIONS
Range Characteristics:
Price spending significant time between $320-$400 = acceptance zone building
Multiple swing failures at $420 level = persistent supply presence
Lower boundary at $280 defended on 4 separate tests = demand emerging
Momentum Context (RSI - 3D):
Currently: 58.62 (neutral zone)
Above 50 centerline = momentum structure favoring buyers in this timeframe
Not yet extended (sub-70) = room for continuation if resistance clears
Volume Pattern:
Recent consolidation showing declining volatility - typical compression behavior before range resolution.
🧩 WHAT'S HAPPENING NOW
Compression Phase:
Multi-month range compression with price gravitating toward upper boundary. The tightening range between $320-$420 suggests energy building for directional resolution.
Level Interaction:
Current candles testing $389-420 resistance zone with RSI showing neutral momentum. Unlike previous tests that showed rejection wicks, recent structure shows more sustained pressure at this level.
Time at Level:
Increasing time spent above $360 in recent periods indicates buyers absorbing supply at higher prices within the range.
🎯 CRITICAL OBSERVATION POINTS
For Upward Resolution:
Sustained acceptance above $420 on 3D close
RSI holding above 60 during any breakout attempt
Volume expansion accompanying the move
For Range Continuation:
Rejection from $389-420 zone (as seen 3 prior times)
Loss of $360 support = reversion to $320-340
RSI falling back below 50 = momentum neutralization
For Downside Risk:
Loss of $320 = range breakdown scenario
Target: Retest of $280 range low
📊 MARKET STRUCTURE SUMMARY
Pattern: Multi-month rectangular range consolidation
Current Phase: Testing upper boundary (4th approach)
Momentum: Neutral-positive (RSI 58, above centerline)
Key Decision Zone: $389-420 resistance cluster
What Makes This Test Different:
Unlike prior rejections showing long upper wicks, current structure shows more gradual accumulation behavior approaching the zone. This doesn't predict outcome but shows different character at this test.
🔔 ZONES TO WATCH
$420 Break = Critical for range resolution confirmation
$360 Hold = Maintaining higher structure within range
$320 Support = Range integrity defense line
Objective State: Price testing upper boundary of established consolidation range with neutral-positive momentum. Resolution awaited - acceptance above $420 or rejection maintains range structure.
This analysis presents current market structure without predictions or recommendations. All observations based on visible price action and technical positioning. Trade decisions require your own analysis and risk assessment.
Long-Term Range Formation:
TAOUSDT has established a multi-month consolidation structure between $280-$440. Price action shows compression within this zone with multiple tests of both boundaries.
🕓 Holding Timeframe: 6 to 9 months
Current Position:
Price testing upper boundary of established range at $389-420 zone (pink resistance box on chart). This marks the 4th significant test of this level since early 2025.
📈 KEY ZONES FROM CHART
Resistance Clusters:
Immediate: $389-420 (current test zone)
Secondary: $440-460 (prior consolidation ceiling)
Extension Zones: $669 → $740 → $826 (marked green boxes - prior supply areas from 2024)
Support Foundation:
Primary: $280-310 (established accumulation pocket)
Intermediate: $320-340 (mid-range acceptance)
⚡ TECHNICAL OBSERVATIONS
Range Characteristics:
Price spending significant time between $320-$400 = acceptance zone building
Multiple swing failures at $420 level = persistent supply presence
Lower boundary at $280 defended on 4 separate tests = demand emerging
Momentum Context (RSI - 3D):
Currently: 58.62 (neutral zone)
Above 50 centerline = momentum structure favoring buyers in this timeframe
Not yet extended (sub-70) = room for continuation if resistance clears
Volume Pattern:
Recent consolidation showing declining volatility - typical compression behavior before range resolution.
🧩 WHAT'S HAPPENING NOW
Compression Phase:
Multi-month range compression with price gravitating toward upper boundary. The tightening range between $320-$420 suggests energy building for directional resolution.
Level Interaction:
Current candles testing $389-420 resistance zone with RSI showing neutral momentum. Unlike previous tests that showed rejection wicks, recent structure shows more sustained pressure at this level.
Time at Level:
Increasing time spent above $360 in recent periods indicates buyers absorbing supply at higher prices within the range.
🎯 CRITICAL OBSERVATION POINTS
For Upward Resolution:
Sustained acceptance above $420 on 3D close
RSI holding above 60 during any breakout attempt
Volume expansion accompanying the move
For Range Continuation:
Rejection from $389-420 zone (as seen 3 prior times)
Loss of $360 support = reversion to $320-340
RSI falling back below 50 = momentum neutralization
For Downside Risk:
Loss of $320 = range breakdown scenario
Target: Retest of $280 range low
📊 MARKET STRUCTURE SUMMARY
Pattern: Multi-month rectangular range consolidation
Current Phase: Testing upper boundary (4th approach)
Momentum: Neutral-positive (RSI 58, above centerline)
Key Decision Zone: $389-420 resistance cluster
What Makes This Test Different:
Unlike prior rejections showing long upper wicks, current structure shows more gradual accumulation behavior approaching the zone. This doesn't predict outcome but shows different character at this test.
🔔 ZONES TO WATCH
$420 Break = Critical for range resolution confirmation
$360 Hold = Maintaining higher structure within range
$320 Support = Range integrity defense line
Objective State: Price testing upper boundary of established consolidation range with neutral-positive momentum. Resolution awaited - acceptance above $420 or rejection maintains range structure.
This analysis presents current market structure without predictions or recommendations. All observations based on visible price action and technical positioning. Trade decisions require your own analysis and risk assessment.
Anubrata Ray ⚡
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Anubrata Ray ⚡
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.