Technical Analysis for TAO/USDT Coin 🚨
📊 We are now watching the formation of a positive Cypher Pattern integrated with the SK System on the current timeframe (4h). The price is currently trading inside a strong demand zone (Order Block) at the levels 206.1 - 209.0.
The ALMA curve is acting now as a dynamic resistance line at the level of 228.0. What distinguishes this curve is that it reduces price noise and provides more accurate signals; therefore, a breakout of the price above the ALMA curve and holding above it is considered the first strong technical signal for the start of a rocket-like upward wave and the relief from bearish pressure.
💡 Safe Entry Key:
Always remember that the Daily Bias is what gives us a clear and confirmed entry signal! Watch the daily close and how the price behaves at these zones to ensure you enter with the stronger trend.
🎯 Next Targets for the Coin Gradually:
1️⃣ First target: 239.0
2️⃣ Second target: 259.1 - 268.1
3️⃣ Third target (Explosion Confirmation): 291.0
4️⃣ Target of the main pattern: 333.3 - 340.0
🚀 Extended target: 375.5
❌ Stop Loss (Invalidating the Pattern): Breaking the last low and holding below the levels 183.1.
👀 Keep an Eye on the Chart and Monitor Price Action Precisely
$TAO
📊 We are now watching the formation of a positive Cypher Pattern integrated with the SK System on the current timeframe (4h). The price is currently trading inside a strong demand zone (Order Block) at the levels 206.1 - 209.0.
The ALMA curve is acting now as a dynamic resistance line at the level of 228.0. What distinguishes this curve is that it reduces price noise and provides more accurate signals; therefore, a breakout of the price above the ALMA curve and holding above it is considered the first strong technical signal for the start of a rocket-like upward wave and the relief from bearish pressure.
💡 Safe Entry Key:
Always remember that the Daily Bias is what gives us a clear and confirmed entry signal! Watch the daily close and how the price behaves at these zones to ensure you enter with the stronger trend.
🎯 Next Targets for the Coin Gradually:
1️⃣ First target: 239.0
2️⃣ Second target: 259.1 - 268.1
3️⃣ Third target (Explosion Confirmation): 291.0
4️⃣ Target of the main pattern: 333.3 - 340.0
🚀 Extended target: 375.5
❌ Stop Loss (Invalidating the Pattern): Breaking the last low and holding below the levels 183.1.
👀 Keep an Eye on the Chart and Monitor Price Action Precisely
$TAO