TAO Update in a Daily Timeframe
2024-09-03

TAO is currently in a descending triangle pattern, forming a downtrend. After being rejected by the 100 EMA and the resistance trendline, TAO has dropped nearly 28% and is currently holding support at $260.

If TAO fails to hold the primary support, it is expected to find support at $212, followed by a potential rebound.

For a bullish rally, TAO must break out above the 100 EMA and the resistance trendline, either from the primary support or the lower support.

Note: Be sure to conduct your own research and analysis before investing.

Regards,
Team Dexter.

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