#TAO A STRONG WAVE IS INCOMING?
If you're looking for an in-depth analysis of TAO, you're in the right place.
As the decline for TAO finally relaxed, we've witnessed a high bounce from the price range of 203-222. These key levels are also where the point of the downtrend has ended. With this, taking into consideration the possibilities of a strong continuation of the longer term bullish market with a chance to slightly move below the newly established support and continue its rally as highlighted in the chart we've analyzed. These two scenarios where potential rejections could occur if the breakout fails will assist every trader in thinking about that 'what-ifs' that will most likely become the foundation for the traders interested with this token.
Data Summary:
1. Next possible major support - $118
2. Current support holding the price - $203
3. Newly established resistance price ranges - $367-#382 & $463-$480
4. Retest price - $328-$365
5. Downtrend range - $686-$251
Stay wise, trade cautiously.