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TAO / TetherUS PERPETUAL CONTRACT

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Unwrapping, TAO Daily Chart Insights Bittensor (TAO) has given humongous returns to its investors, which exceeds over 1600%, peaking at $755.01 (ATH) from October 2023 to March 2024. However, it encountered a supply zone and failed to harness further gains above $755.01. This was followed by profit booking in TAO, which loosened more than 70% of its previously achieved gains. After failing to surpass $755.01, the price entered a spree of lower lows, going back to the original demand level in the next 4 months by July 5th. Thereon, the price rose briefly and breached the upper border of the falling wedge. But, it met the $358 level that dusted its price downwards, which in continuation slipped the swing low of previously built at $300. The current scenario depicts a short-term decline and the failure of the falling wedge. Therefore, the bears could eye support levels of $260 and $240, respectively. On the contrary, if any sudden support spikes the price, then the resistance could be at $330 and $358, respectively.
Long
by Yash_Jain_1309
Major Bullish Move Ahead for TAOUSDT? Don't Miss This! Yello, Paradisers! Are you ready for a potential breakout that could skyrocket TAOUSDT? Let's dive into the details and see why this could be a game-changer. 📈 💎TAOUSDT has shown a Change of Character (CHoCH) towards a bullish market structure and has formed an inverse head and shoulders pattern, significantly increasing the probability of a bullish move. 💎For confirmation, we need a breakout and candle closing above the resistance zone. This will signal a strong bullish move. 💎In the case of a pullback, we can expect a potential double bottom pattern from the support zone. To increase the probability in our favor, it is better to wait for the I-CHoCH towards the bullish market structure in the lower timeframes. 💎If the price breaks down and closes a candle below the support zone, it will invalidate our whole idea. Stay focused, patient, and disciplined, Paradisers. This is the only way you will make it far in your crypto trading journey. Be a PRO💰 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
What Do TAO Crypto Technical Charts Represent? The analyst @SatoshiFlipper has been optimistic about the Bittensor (TAO) and hopes for nearly 2x gains to be captured ahead. One such analyst shared a chart on X, where he marked that contingent on buyers, the price could aim at $640 or higher. Based on such enthusiasm, the TAO 1-D price chart also shows some positive points. For example, the price has surpassed 50 the 50-day EMA band and displayed sustenance to overrun the 200-day band. On the chart of TAO, the breach of $358 would open the front door to run fast for the north. Likewise, the MACD histogram grew to 5.46, and the RSI to 55.46, which points towards a sideways to bullish shift. After a further look at the chart, the TAO showed that the past action in price formed a 120-day correction as a falling wedge on the daily chart. Where the earlier price gains of 250%, from $200 to $746, were neutralized by bears by July 7th, 2024. In the last 20 days, the TAO's price has been in a bullish spell, where the price has experienced more than 65% growth from historical key support. In the latest 10 days, it breached the falling wedge pattern, precisely a bullish pattern. Moreover, if the price surges beyond the 200-day EMA band and $358, the nearest targets would be present at $436 and $531, respectively. However, if the TAO price slips back into the wedge, then the pattern would lose its bullish significance. Likewise, the slippage below $300 could also throw the price towards $200 (DYOR).
Long
by Yash_Jain_1309
Bittensor (TAO) Price Structure Overview From January 8th, 2024, to March 7th, 2024, the TAO jumped more than 290%, where the price accelerated massively from $193 to $755.86. However, the price encountered a supply zone and failed to harness further gains on the daily chart. The deterioration from the supply, after failing to surpass $756 took the price into bear's control, where nonstop lower low formation took back to the initial demand zone in the next 4 months by July 5th. However, the price once again surged with the broader market bullish sentiment and rose more than 65% in the past two weeks, and nearly 38% growth in the past 1 week. As of writing, the price managed to break the upper border of the channel, and it seems like a bullish pattern, precisely the falling wedge's breakout. Therefore, if the breakout continues, then the upper targets lie around $370, and $430, respectively. On the contrary, if the price declines and trades back into the pattern, then this pattern would lose its significance, and a bearish perspective or sideways perspective could prevail. But, if the price slips to $260, then the first support would be the demand zone at $200, and the second support would be at $135. Looking at its indicators, they are bullish, as MACD showed a bullish cross with a growing histogram at 13.75, and RSI jumped from 14-SMA towards overbought, which flashed at 63.12.
Long
by Yash_Jain_1309
Bittensor (TAO) Price Analysis By Analyst Highlights An 2x ExpecBittensor (TAO) Price Analysis By Analyst Highlights An 2x Expectation! The Bittensor (TAO) predicted via an analyst JoshTrades highlights that price could attain 2x run, as it shows sustenance at a critical support zone between $215 to $200. Thus, the analyst shared optimistically via his tweet post that the $450 price level could attract its price like a magnet. Based on the analyst's bullish perspective, the daily chart highlights a three-candlestick pattern that goes by three white soldiers, which signifies bullishness. At press, it has traded at $267.35, which appears to be approaching dynamic EMA hurdles. The RSI flashed at 48.26, which has taken a U-turn from oversold territory and seems headed towards overbought. MACD has built a bullish cross below the zero line, with a growing histogram at 4.61. Forecast Of TAO Price On Daily! If the Bittensor (TAO) manages to rise above the anticipated falling wedge and pops out a breakout, then the first interruption would be at $300, which is followed by $353. On the contrary, failing to pass the dynamic upper trendline could reflect back toward the demand zone at $200 and $150.
Long
by Yash_Jain_1309
Time to Take Your Money? Tips After $TAO Big Exchange ListingTime to Take Your Money? Tips After GETTEX:TAO Big Exchange Listing #TAO Hits Binance Huge props to @opentensor for listing TAO on the world's top exchange, sparking an epic season for $TATSU Peak Price: TAO hit $1,249 Good News for #TATSU : It's looking up because of TAO's success. Cheers to Early Investors: If you got TAO early, you're in a good spot. Market Snapshot: Last 10 Months: +2500% ( 4000% if High Consider ) Last 6 Months: 16x gains Post-Listing: +35% Attention: Watch the $550 support. Falling below? Bearish signs ahead. Strategy Tip: Enjoyed the pump? Consider securing profits. Market dynamics are shifting! Again Remember Never forget to book profit & Keep tight Stop Loss if you want to Fresh Entry in TAO #Bittensor #Crypto
Long
by CryptoPatel