TAO rose to a height of $397 and has recently retraced to form a rounded Top pattern. Current price: $225
The rounded top pattern is usually a bearish pattern and prices most likely will continue downwards 80% of the time! Supports 194, 156, 126 will be tested!
But There's a 20% chance that TAO's retracement is complete and is ready for higher prices: Resistances: 271, 302, 336, 379, 430, 479
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strong support around 219... if it continues to hold, expect lift off to higher resistances...
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We talked about the 219 level.... it has held! Higher Resistances in view! 271 hit!
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