THE MOST RECENT INFORMATION ABOUT OUR $TAO ANALYSIS FROM LAST MONTH AND THIS MONTH!
Analysis for October:
After establishing this level as a new major support, TAO BREAKS OUT!
Following its recovery from the demand zone, which is characterized by extremely high levels of buy order concentration, TAO has had a surge. At the 346.24 key level, we placed a sell order, and we made a 35.98% profit. It didn't end there, either, as we acknowledged that TAO had nearly identical properties to FET, indicating its long-term potential. Consequently, increasing the chance of its spike. if you additionally consider the price range of 215-262. As you can see, there has been a breakout that is regarded as the peak from the previous year. As seen by the spike that occurred from those price ranges, this has subsequently been established as a new support. This is the reason we made a long trade with a 169.76% profit and a risk-reward ratio of just 12.89.
Analysis for November:
Following the rejection at 678.47, the price of TAO has significantly dropped since the November beginning. This has nearly reached our stop loss, which is a little below the bearish block that was indicated below this year's ATH. Looking more closely at TAO, we're expecting a complete collapse before it tries to break free from the limitations of its main resistance. Therefore, instead of the typical spikes with positive impacts, it would probably continue to have negative percentages in November. December should be included since most people would probably see partial selloffs.
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Stay wise, trade cautiously.
