Analysis of #TAO Coin 📈
On the daily time frame, the coin has broken out of the descending channel pattern and has breached the resistance trend line of the pattern.
The 50 days MA indicator acts as support for the current price movement, providing upward momentum.
A retest of the broken resistance trend line may occur, and if the retest is successful, it will confirm the upward momentum. We could see a move towards the main resistance area at $750.
🟢 Expected Targets
🎯 $472.50
🎯 $567.70
🎯 $750.00
