Bittensorsignals — Trading Ideas on TradingView

Bittensor (TAO)📊 General Overview of the Analysis TAO coin, after being listed, initially moved downward within a descending channel. Upon breaking out above the channel, the price experienced an upward rally to its previous peak but then entered another descending channel. 🕰 Daily Timeframe Analysis 🔸 Current Status: After the upward movement, the price has entered a consolidation range (yellow zone). 🔸 Fake Move: The drop below this range suggests seller weakness. 🔸 Forecast: Breaking above the yellow zone could propel TAO to higher levels. ⏰ 4-Hour Timeframe Analysis 🔹 After rebounding from the top of the descending channel, the price responded positively to the midline and rose again. 🔹 Expected Movement: There’s potential for breaking out of the descending channel from the top. 🔹 Suggested Entry Point: A confirmed price stabilization above the red zone can signal a secure entry. 🎯 Price Targets (Fibonacci Levels) 🔹 1.618 🔹 2.618 📈 RSI Indicator Analysis 🔸 On the daily timeframe, RSI is positioned in an ascending channel. 🔸 Forecast: A breakout above the midline of this ascending RSI channel could offer an early entry signal for TAO. 📝 Conclusion and Final Note Technical analysis indicates that TAO has significant potential for further upward movement. Stabilization above the red zone and movement toward Fibonacci targets highlight the coin's appeal for long-term trades. 💡 Advice: Always employ risk management and incorporate your personal analysis into decision-making. 💡 Reminder: This analysis is for educational purposes only and should not be considered as financial advice.

TAOUSDT Strong buy signal above the 1D MA50 Bittensor (TAOUSDT) has been trading within a Channel Up pattern since November 20 2023. Both of its Higher Lows have been formed on the 1D MA100 (green trend-line) with the latest being on March 30. Today the price broke above the 1D MA50 (blue trend-line) for the first time in 2 weeks (since March 26). If the candle closes above it, we expect that to be the start of the new Bullish Leg to a Higher High, similar to the January 24 break-out. Our target is 1800 (+295.98% from the Low, similar to the previous Bullish Leg). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇

TAOUSDT If this line holds, it can reach $580.00 Bittensor (TAOUSDT) is on a remarkable parabolic rally since the October 19 bottom, supported by a Higher Lows trend-line. Below that, is the natural technical Support, the 1D MA50 (blue trend-line). Technically every bullish leg of TAO during this run targets the +0.5 Fibonacci interval, where it consolidates until the next rally to the +0.5 Fib. As you can see, the first consolidation was on the 1.5 Fib, then the 2.5 Fib, where it currently trades sideways. As long as the Higher Lows trend-line holds, we will target the 3.5 Fib extension at $580. If the Higher Lows trend-line breaks, we will take the loss and target a potential contact with the 1D MA50, with current projection estimates putting a target at $175.00 (but can change as the 1D MA50 rises). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇