LATEST UPDATE FOR OUR #TAO ANALYSIS LAST MONTH AND THIS MONTH!

OCTOBER ANALYSIS:

TAO BREAKS OUT AFTER ESTABLISHING THIS LEVEL AS A NEW MAJOR SUPPORT!

   TAO has made a surging wave after rebounding from the demand zone where extreme levels of concentration of buy orders are present. We've initiated a sell order at 346.24 key level where we have earned a 35.98% profit. It didn't stop there as we've recognized TAO's long-term aspect by acknowledging that it has almost the same qualities as FET. Therefore, adding likelihood to its surge. If you also look from the 215-262 price range. You can see a breakout that has occurred which is considered to be the high of last year. This has in turn been established as a new support as evident with the surge that happened from those price range. Hence, the reason why we took a long trade with a profit of 169.76% that has only a 12.89 risk-reward ratio.

NOVEMBER ANALYSIS:

   November opening has shown a significant decrease of TAO's price after the rejection that has happened at 678.47. This has almost hit the stop loss we've set which is slightly lower than the bearish block highlighted below the ATH this year. Taking a closer look at TAO, we're anticipating a total breakdown before it could attempt to breakout from the constraints of its major resistance. Therefore, in November, it would most likely continue to have negative percentages rather than the usual surges with positive effects. Let's include December as it would most likely be partial selloffs for most.

Stay wise, trade cautiously.

#GAINERSPACK #TRADEANDEDUCATE #EARNINGDAILY