Technical analysis by Blockunity about Symbol TAO: Sell recommendation (4/12/2024)

Bittensor (TAOUSDT) was listed yesterday on Binance! A big wick marking a new ATH has been made, but beware, could this be a short-term "Sell the News"? For the moment, Perfect Cloud (BPC) remains in the green, in an uptrend, but its cloud is starting to look thin. In fact, TAO has never retested its Vegas Daily (blue cloud) of the Trend Identifier (BTI) since the start of its uptrend. If the price really needs to breathe, this would be an interesting area to take a trend-following position.The price of Bittensor has arrived in the zone we indicated, in the Vegas Daily (blue cloud) of the Trend Identifier (BTI). If the uptrend in TAO continues, it could rebound from here.