TAO — $316


This is the one I actually like right now.
TAO is the only one of these three sitting above its 200 EMA. That alone tells you something about relative strength. While BTC and ETH were getting crushed, TAO bounced off $180 and ran 56% in three weeks. That's not a weak asset.
Now it's pulling back to the breakout level around $300–$315, which is exactly where I want to see it hold. This looks like a textbook retest to me.
As long as $300 holds, I think the next leg targets $375 again and potentially $400+.
Invalidation: a daily close back below the 200 EMA at $271. That would tell me the breakout failed and I'm out.
Of the three, this is the cleanest setup on my screen right now.
TAO-0,22%
BTC-0,7%
ETH-0,68%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin