Alikze »» TAO | Scenario 3 or C bullish - 1D
2024-11-19

🔍 Technical analysis: Scenario 3 or C bullish - 1D

- In the analysis presented in the  previous post  on the daily time frame, it was noted that the  BINANCE:TAOUSDT  AI in the supply zone can have two movement paths.

- Considering that the movement cycle in the supply zone ended and had a correction to the green box area.

- Considering the correction in the green box area and the creation of demand in the range, therefore, the previous movement cycle can be considered as wave 1 and the correction in the green box area as wave 2.

💎So with the recent zigzag correction, the  BINANCE:TAOUSDT  currency can have a movement cycle in the form of wave 3 or C of the bullish super cycle.

💎Considering the behavior and structure of the movement, it is in wave 3 or C of the bullish.

⚠️ In addition, if the price touches the Invalidation LVL area, the bullish scenario is invalidated, the chart should be reviewed and updated again.⚠️ 
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