Setup, biểu đồ và nhận định thị trường crypto từ trader và chuyên gia phân tích. Bitcoin, Ethereum và altcoin, tăng và giảm. Không phải lời khuyên tài chính.
$TAO remains in a downtrend, but it's on the verge of an upward breakout. I think this downward price action won't last forever. We've seen two months of upward momentum. Sure, there's one month of downward correction after that. Looking at the structure, I would much rather see it hold here in order to get some rallies. If not, sub-$200 is where I'll stack a lot of $TAO.
One could argue we're seeing a lower-timeframe bullish flip for $TAO, suggesting we're likely to trend higher. Overall, a higher-timeframe level has been swept here for liquidity, and I wouldn't be surprised if we turn back upwards in the coming weeks.
$TAO - Update I am looking for some spikes to work off as we navigate the range lows. No entries yet.
I would classify $TAO as an interesting asset here. That's because we've swept many recent lows and bounced back immediately. Sure, you could argue we're still in a strong downtrend, but once it turns around, the trend can flip fast, and it's hard to get into a position. That's why you'd want to build the position right here, right now, since these sweeps are often the final phase of the correction.
