Technical analysis by MrRik about Symbol TAO on 2/1/2024
https://sahmeto.com/message/3336828

avg entry TAO $238Thoughts? 1/2- on Daily, looks like consolidation, trying to break ATHs. If we cool down we might test prev ath as support, then continue.- on 4h, big bearish divergence which indecates down could be the next move. Although could be invalidated if RSI makes HH.IF .. THEN- IF we continue higher, my first sell target would be 575$- IF this was the move, then retrace to at least prev ATH, preferable 0.5-0.618 for buying.
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Signal Type: Neutral
Time Frame:
4 hoursPrice at Publish Time:
$268.05