$TAO - price analysis:
Neutral on the daily, view ⏳
Prices is now tradied below the 2 main resistances (575 and 680$) ⚠️
The current price remain stuck below the bear trend [H4], but a bottom is forming. Prices could test the 580$ - 600$ resistance zone again.
Regarding the mid term view:
The weekly support at 455 - 460$ is holding for now, but I think that a further correction downard to test the 380 - 360$ support zone make sens [mid term] 📉
As long as prices are stuck below 605$ it's not a good asset to long for me.
Hence, I see a possible H&S pattern forming on the H4 chart.
And you?
