TAO has recently experienced another significant sell-off. Our main expectation is that the downward move that began in April 2024 will complete within our green Target Zone ($96.70–$41.51). Once this decline wraps up, we anticipate a strong rebound, with prices initially moving above resistance at $416.78. Alternatively, it’s possible that the major downward move already ended back in February. This scenario—where TAO does not revisit the green Target Zone—would be confirmed by a direct breakout above resistance at $416.78 (probability: 34%). In this case, the altcoin would have completed a trend reversal to the upside within our now-deactivated Target Zone ($214.28–$150.06).
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.