#TAO 130% Profitable Move Is Pending#TAO 130% Profitable Move Is Pending.
On Daily TF Bullish Momentum Has Been Started.
Bulls Are Ready for Cross 1000 $.
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TAOUSDT.PS trade ideas
Is $750 The Next Big Target For TAO Price?
TAO has delivered impressive returns, soaring over 1600% to peak at $755.02 between late 2023 and early 2024. However, it entered a supply zone, leading to a 70% retracement by Q2 2024. Where its price returned to its initial demand level by July 5th.
In Q3, TAO's price saw brief increases but faced resistance at $358.58, causing declines. It mostly ranged between $200 and $358.58.
On August 5th, a liquidity-driven spike led to a breakout from a falling wedge, but the $358.58 level deflected the price again by August 27th.
On September 6th, the demand area pushed TAO's price past $358.58, achieving a change of character (ChoCh). The price surged from $225 to $600 and continues to rise. Currently, it has strong support at $520 and is heading towards the main supply zone.
Bittensor's price surge reflects strong market dynamics and investor optimism. If the bulls succeed, the next target is to retest the $750 level.
drive momentum higher, potentially retesting yearly highsTAO experienced the most significant intraday surge, climbing 14.5%, and has risen over 55% this week. The momentum over the past 72 hours pushed its price beyond the 200-day EMA band and the $358.58 resistance level, marking a change of character (ChoCh).
This breakout has flipped the trend, and if the price action sustains above this level, it could drive momentum higher, potentially retesting yearly highs.
The long-term targets are now set at $533 and $683. However, if the price fails to maintain above the ChoCh level and falls back, the optimism could fade, leading to an uncertain outlook.
long-term bullish patterns have been identified on the daily Is TAO Aiming for the Moon?
Bittensor (TAO) has seen a significant inflow in spot volume, reaching $86.01 million, a 38% increase. Its market cap has also risen by 12% to $2.313 billion, making it the 36th largest cryptocurrency globally.
TAO has delivered exceptional returns to investors, soaring over 1600% and peaking at $755.02 between the last quarter of 2023 and the first quarter of 2024.
However, beyond this peak, it entered a supply zone, leading to a retracement of over 70% by the second quarter of 2024. This resulted in a significant profit-taking phase, with the price returning to its initial demand level by July 5th.
In the third quarter, TAO's price saw several brief increases but faced resistance at $358.58, causing another decline. The price mostly ranged between $200 and $358 during this period.
On August 5th, a liquidity-driven spike led to a breakout from the upper boundary of a falling wedge, but the $358.58 level deflected the price again by August 27th.
The demand area on September 6th pushed TAO's price once more to retest the $358 level. If it clears and sustains above this level, a clear Change of Character could be observed, indicating long-term bullish confidence.
Two long-term bullish patterns have been identified on the daily chart: a falling wedge and an inverted head and shoulders pattern. However, $358.58 remains a critical resistance level for confirming these bullish patterns.
Many analysts and enthusiasts are optimistic about TAO's future. One analyst, @CaptainFaibik, has set a target of $1000 by the end of 2024.
Potential resistance levels to watch are around $460 and $560. However, if the $358.58 level deflects the price downward, these bullish patterns could be invalidated.
$TAO Trading idea on the daily chart I’m expecting TAO to do at least a 5x from current price(250$). Support level is at 215 and resistance is at 360$. Expecting it to do well in the coming months.
surpassing the current hurdle, the short-term outlookThe Bittensor teams are working really hard, and the projects they are developing are astonishing. They have built products that are already available for many people to try. The products such as, Corcel, tradewithdale, and Bettensor.
The Bittensor (TAO) spot volume inflow amounted to $75.416 Million, and the market cap was valued at $2.475 Billion. The advancement from the August 5th liquidity grab re-positioned TAO status as the 33rd largest crypto globally by market cap.
Bittensor (TAO) has delivered extraordinary returns to investors, soaring over 1600% and reaching a peak of $755.02 between the last quarter of 2023 and the first quarter of 2024.
However, beyond $755.02 became a supply zone, which prevented TAO's further gains, resulting in a retracement of more than 70% by the second quarter of 2024.
This led to a significant profit-taking phase, eventually returning to its initial demand level by July 5th.
Subsequently, the price saw a brief increase after July 5th, reaching the upper edge of a falling wedge pattern. Despite this, it encountered a hurdle at $358.58, causing another fall.
On August 5th, TAO's liquidity-driven spike led to a breakout from the upper boundary of the falling wedge, and now TAO struggles near $358.58.
Therefore, surpassing the current hurdle, the short-term outlook exhibits the potential for price to go northward if the declining wedge pattern proves legitimate.
However, the peak invited sell-offs, which signified the strong bearishness after March 2024.
Since that peak, the crypto has slipped. Also, the intense sell-off spanning over 150 days led to a narrowed plummeting wedge.
TAO/USDT ANALYSIS BINANCE:TAOUSDT.P
TAO price has recently broken out of a long-term descending channel, indicating a potential shift from a bearish to a bullish trend. The breakout is accompanied by an RSI above 70, suggesting strong upward momentum, though the asset might be entering overbought territory. The current resistance level is around $336.80, which could pose a challenge for further upward movement.
For buy opportunities, consider entering on pullbacks to the key moving averages (20/50 EMA) or support levels near $302.12, as these may offer better risk-reward ratios. If the price holds above $336.80, it could signal a continuation of the bullish trend, with the next target around $364.98.
the TAO price saw a brief increase, reaching the upper boundaryBittensor (TAO) has delivered extraordinary returns to investors, soaring over 1600% and reaching a peak of $755.02 between October 2023 and March 2024. However, after hitting this all-time high, TAO encountered resistance in a supply zone, preventing further gains beyond $755.02.
This led to a significant profit-taking phase, resulting in a retracement of more than 70% of its earlier gains. Following the inability to breach the $755.01 mark, the price entered a downtrend, forming lower lows and eventually returning to its initial demand level by July 5th.
Subsequently, the price saw a brief increase, reaching the upper boundary of a falling wedge pattern. Despite this, it faced resistance at $358.01, causing another downward movement. On August 5th, TAO experienced a liquidity-driven spike and, over the next 15 days, traded near the upper boundary of the falling wedge once more.
Currently, the price faces dynamic resistance from the 50-day and 200-day EMAs. A breakthrough of these resistance levels could signal a potential breakout. The MACD indicator has shown a bullish crossover, and the RSI stands at 54.27.
In summary, the short-term outlook suggests potential for upward movement if the falling wedge pattern proves successful. Resistance levels are identified at $488 and $358, while support levels are at $260 and $240, respectively.
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.
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🌴
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).
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.
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.
TAO/USDT Ready to fly toward $1000 ?TAO/USDT Chart Analysis
GETTEX:TAO is 68% down from ATH in 3 months but up 750% in a year, giving 26x returns from the bottom!
- May 7, 2023: $29
- Current: $236
- ATH: $777
Analysis:
- Bounced from bullish OB1, targeting $350-$400.
- Breaking the red box bearish OB could lead to $1000.
- Falling below $200 support may drop to OB2 ($130-$150) – best entry zone.
#Altcoins #bittensor
LONG $TAOwe will long TAO as it hit the demand zone and also is in accordance with the Fibonacci at the time
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
