$TAO $316
Currently, I am really impressed with this.
$TAO is the only coin among the three mentioned that is on the EMA 200 line. This shows its relative strength. While BTC and ETH are struggling, $TAO has recovered from a level of $180
and increased by 56% in just three weeks. This proves that it is not a weak asset.
Currently, $TAO
is adjusting to the breakout level of about $300
– $315
, which is the area I want to see it hold. This really looks like a theoretical retest.
As long as the $300
level is firmly held, I believe the next target will be $375
and possibly above $400
.
The invalidation signal will be when there is a daily close below the EMA 200 at $271
. This will tell me that the breakout has failed and I will retreat.
Among these three coins, $TAO
has the cleanest setup in front of me right now.