#CryptoReboundStrategy TAO showed a reversal pattern after hitting a low of 163.7. The current price is at 560.5, which is a significant increase from that low.

The chart pattern resembles a double bottom or cup and handle, which is often considered a bullish signal.

The EMA(7) and EMA(25) are below the current price, indicating bullish momentum.

If the price stays above the EMA(7) and EMA(25), the uptrend is likely to continue.

The MACD value is in the negative zone (-9.2), but there is a possibility of a bullish crossover in the near future if the histogram starts to rise.

The trading volume in the last 24 hours was quite high (91,662 TAO), indicating significant market interest.

If the volume continues to increase, this could strengthen the upward momentum.

The RSI is at 53.7, indicating the market is in the neutral zone. However, the RSI uptrend can be a bullish signal if it breaks above the 60 level.

Nearest resistance: 586.7 (24-hour high).

Nearest support: 547.0 (24-hour low) and EMA(25) around 486.7.

If the price manages to break through the resistance at 586.7, it is likely to test the 900-905 levels, in line with the uptrend line on the chart.

If it fails, the price may return to the support at 547 or even 486.7.

Buy: If the price manages to break through the resistance at 586.7 with high volume.

Sell: If the price falls below the support at 547 or EMA(25).

Use stop loss to manage risk, especially below 500.

Always remember that the crypto market is very Volatile

Before making a purchase, do your research first, DYOR!!!