TAOUSDT trade ideas
$TAO Drop: Is $100 the Next Floor?The monthly timeframe chart shows a clear M-pattern and a double-top formation, both strong bearish indicators. if this pattern plays out, we could see a significant drop, potentially testing the $100 level as the next major support.
What's your take?
Do you think GETTEX:TAO will hold above $100, or will we see an even deeper drop?
Where do you see the true floor price forming?
Drop your thoughts below!
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Happy Trading💰🥳🤗
$TAO Potential in Q2Due to an expected activities of U.S. elected president, market are dumping. With unexpected factor from DeepSeek a couple months ago, shaken U.S. AI sectors. Therefore, this is the AI coin you can bet, one of the bluechip in AI, Bittensor.
I'm expecting to see GETTEX:TAO going sideway for a few more days before trying to reach it's resistance.
Side way area $230-$300
Resistance area $340-$350 - this could be the momentum (if break out this area, it again will retest within the $440 area)
Disclaimer: Not Financial Advise, I'm just sharing my thought.
TAO in coming days ...Currently, TAO is forming an ascending triangle, indicating a potential price increase. It is anticipated that the price could rise, aligning with the projected price movement (AB=CD).
However, it is crucial to wait for the triangle to break before taking any action.
Give me some energy !!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TAO ANALYSIS🔮 #TAO Analysis 💰💰
🌟🚀 As we can see that #TAO is trading in a symmetrical triangle and given a perfect breakout. But there is an instant resistance. If #TAO breaks the resistance 1 then we will see a good bullish move in few days . 🚀🚀
🔖 Current Price: $271
⏳ Target Price: $305
#TAO #Cryptocurrency #DYOR
Another $TAO Bittensor tao's Falliing Wedge-Major support RetestGETTEX:TAO Tao Bittensor has formed yet another Falling Wedge
Current price: $243
For everytime #Tao has formed these falling wedges with Key support around 224, It has been accompanied by an explosive move upwards.
#Tao has also lost over 70% of it's value from an all time high of 795. So it is low risk.
Expecting retest of these supports: 370, 578
This idea Invalidation under 224!
More Extensive Analysis:
This chart is showing the price action of GETTEX:TAO (Bittensor) against USDT on a weekly timeframe, traded. Here’s a more extensive analysis based on the provided chart:
1. Falling Wedge Pattern
- The chart highlights a falling wedge pattern, characterized by converging downward-sloping trendlines.
- Falling wedges are typically bullish reversal patterns, meaning a potential breakout to the upside could occur.
- The previous falling wedge led to a strong rally, suggesting a similar scenario might unfold.
2. Current Price & Key Levels
Current Price: $243
Support Levels:
Most recent low $224
Resistance Levels:
$260 - $285** (near-term resistance)
$370 - $380 (tp1 - Take Profit 1)**
$578 - $600 (tp2 - Take Profit 2)**
$794 (long-term resistance)**
3. Key Takeaways & Trade Outlook*
- If the price breaks out above the falling wedge, a bullish move toward $370+ is possible.
- If the price breaks down further, the next major support is around $224.
- Traders might look for **confirmation** of the breakout before entering long positions.
Next buying opportunity setting up on TAOUSDTLooks like price will continue to fall on TAOUSDT -
I feel like the fair market value of TAOUSD is around $303.
Looking for a buying opportunity between $30 - $80 range.
Even though there is a lot of adaption coming out on a global level.
I feel that price will continue to make new lows across the board.
Great buying opportunities in the new future.
bittensor.com
Bittensor ($TAO) Analysi
Bittensor, one of the top projects in the AI & DePIN sectors, is currently accumulating above the key zone while still trading below the ATH resistance 🧐
Trend: Bullish reversal in sight
Accumulation: Price is currently at the lower trendline of the falling wedge, indicating a strong buying opportunity.
📌 Best strategy? This is a good opportunity to load a bag of GETTEX:TAO at the current levels!
In the worst-case scenario, I will average my position below the key zone 🚀
Price Targets 🎯
✅ Target 1: $736.7
✅ Target 2: $1,012.9
🚀 A breakout above key resistance could fuel a strong rally to four-digit levels!
$200 is Key!The $200 level has been a classic support so far, and since January 2024, it has always been the Tao's launchpad. If this level is maintained, we can have a corrective wave towards $350, and if the descending channel is broken, $450 will be accessible. If the $200 level is lost, the first target will be $145, and we will see a 50% fall!
TAO - One for the long term I have entered long here,
It's currently holding $100 as a major support. As you can see it retested this level over 6 times and has bounced each of those times.
What the team are building is amazing, I'm a long term holding of GETTEX:TAO and I can honestly see $1k/$2k going into the future.
Are you holding?
TAO ANALYSIS🔮 #TAO Analysis - Breakout 🚀🚀
💲💲 In daily time-frame,Falling Wedge Pattern is forming and a good breakout is done. And a small retest is done, now we would see a good reversal move in #TAO ✅ 💯🚀
💸Current Price -- $249
📈Target Price -- $305
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#TAO #Cryptocurrency #Breakout #DYOR