Reclaiming 4H after faking down below 40c looks to me like this was indeed some healthy consolidation. Don't think we've ranged in this region for this long just to flag out without trying to reach ATH again.
After the impressive rally from our July entry at $280 to $680, TAO is shaping up for another opportunity for us to enter. With price reclaiming key resistance lines as support and seeking to establish a higher low, the setup signals potential for further upside. We’re watching for price acceptance above $450 and a reclaim of the daily 21 EMA to confirm continuation. A break above $600 could trigger price discovery once again. Entry Zone: $450 to $490 Stop Loss: Daily close below $400 Take Profit Targets: TP1: $590 TP2: $760 TP3: $960
JUP is setting up for a potential move as it respects key levels and reclaims previous resistance as support. With price consolidating in a favorable area, we can look for support to hold, offering a solid entry for a push toward the next resistance zones. Entry Zone: $1.16 to $1.08 Stop Loss: Daily close below $1.04 Take Profit Targets: TP1: $1.40 TP2: $1.80 TP3: $2.00
Often times price moves in swings whereby the swings are relatively equal in price. I am sure Elliott traders get quite precise (as they tend to do ) but I just use swing targets as a guide