📜$TAO - price analysis update:
🟢Key point: Support zone Monthly / Weekly: 195 - 205$
Prices remain bearish on the daily basis, but we can expect a bullish correction phase soon; here's why:👇
Also noticed that RSI touched the lowest point since the listing price! (more than 1 years ago!) 📈
Hidden bull div RSI (H1) & trend reversal already happened!
Im expecting a bullish correction to be see from this low! It may be a decent place to accumulate on SPOT.
[265 - 280 - 300$] 🎯
Buyers may be present around that support area! 📈
Invalidation in case of weekly candle close below 210$ and D1 candle close below 200$! ⚠️
This is tipically the kind of chart that could reverse and start to outperform against market dips!
I shared some possible setup in my charts! #DYOR
Good luck!
#TAO/USDT #TAO #TAO🔥🔥🔥🔥