Happy Sunday, team.

I want to give you an analysis of $TAO

A few days ago I had the opportunity to see this asset grow, and it even drained a percentage of my secondary portfolio on Bybit since I was short due to my clumsiness placing an erroneous limit order 😆.

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Let's start

Tao has suffered high volatility for approximately 7 consecutive days, with buying volume entries, driving the price strong enough to reach current levels.

Our technical indicators show us that the asset is at an OVERBOUGHT level.

We can validate them in the: Macd and Rsi.

Also, the fast moving averages of 7,20,50 can guide us to a small setback that may occur at current price levels.

We can finish with a Shoulder, Head and Shoulders inverted graphic pattern. Which confirmed the asset by breaking the great resistance that was found in the prices of 320 to 389 of the asset.

On a weekly level, the bullish force completely dominates the market.

The price needs to make a test, and not break said resistance that has become a support or "floor" for bullish investors.

Without further ado, I wish all my readers and followers an excellent start to the week.

Always #dyor and keep your assets #safu !

Greetings.