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
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🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
관련 발행물
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.