$TAO is up 41.80% this week and daily RSI just hit 74, the tape's screaming overbought and i'm still riding the long side.
five days of volume ran 1.84x the prior 20-day average, MACD histogram's still positive and Bollinger %B sits at 1.01, price trading outside its own upper band. that's momentum, not exhaustion.
against BTC, TAO's outrunning it by 27.4 points over the week and 20.4 points over the month. this move is TAO doing its own thing.
right now $TAO trades at $314.9. if it holds yesterday's low at $306.1, i think it grinds toward the $326.5 swing high from the last ten days. if it loses $306.1, i'm wrong on this and anyone who bought this RSI 74 stretch is holding the bag.
holding $306.1 or losing it?
follow me for more calls like this.
five days of volume ran 1.84x the prior 20-day average, MACD histogram's still positive and Bollinger %B sits at 1.01, price trading outside its own upper band. that's momentum, not exhaustion.
against BTC, TAO's outrunning it by 27.4 points over the week and 20.4 points over the month. this move is TAO doing its own thing.
right now $TAO trades at $314.9. if it holds yesterday's low at $306.1, i think it grinds toward the $326.5 swing high from the last ten days. if it loses $306.1, i'm wrong on this and anyone who bought this RSI 74 stretch is holding the bag.
holding $306.1 or losing it?
follow me for more calls like this.
