Why the Low at $445 Needs to Hold for TAO Crypto to Rally?
A comprehensive Elliott Wave pattern analysis over the 1-hour timeframe, provided critical insights into potential future price movements of Bittensor (TAO) crypto.
The analysis noted that from (A) through (C), was part of a larger corrective pattern suggesting a potential TAO crypto price rebound.
TAO began with a peak at point (1) followed by a complex pattern consisting of multiple smaller waves. It completed a bearish sequence at point (A) and initiated a corrective phase, wave (B), which ended at point B.
The formation of wave (C) appeared to be in its early stages, as sub-waves 1 through 4 and potentially extending to 5 indicated.
TAO’s immediate support level at $445, a potential reversal point that, if held,…
