TAO - Price Analysis: THE TOP MAY BE HERE ❗️
The main uptrend continues to support the price at this point.
But; seeing multiple tests of the uptrend in a short period of time is never a good thing! It usually indicates that the bullish momentum is weakening. ⚠️
Daily price is also at a high overbought level ⚠️
In my opinion, the $600 area is the local top of this strong rally! Many early buyers will probably start to take profits!
The bullish momentum of the uptrend is still high, but I think the price will start to correct to $500 - $480 or even $460 from here! 📉
💡In any case, I do not recommend buying in such an overbought zone! You have a lot of other#altcoinsthat have not started to move yet!
#TAO🔥🔥🔥🔥 #TradingMadeEasy