TAO rose to a height of $397 and has recently retraced to form a rounded Top pattern.Current price: $225
The rounded top pattern is usually a bearish pattern and prices most likely will continue downwards 80% of the time! Supports 194, 156, 126 will be tested!
But There's a 20% chance that
TAO's retracement is complete and is ready for higher prices: Resistances: 271, 302, 336, 379, 430, 479
Note
strong support around 219... if it continues to hold, expect lift off to higher resistances...Note
We talked about the 219 level.... it has held! Higher Resistances in view! 271 hit!Note
now at the 336 resistanceNote
379!Note
Price action at a double Top! Taking profits!Note
Still blazing 430!Trade closed: target reached
All targets reached
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.