Michaël van de Poppe: TAO Higher Timeframes Bullish
Michaël van de Poppe flags a volatile week ahead for markets and TAO, noting that a green close could mark the corrective setup traders sought during the prior rally while higher timeframes stay bullish.
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Michaël van de Poppe stated next week will prove critical for markets, with volatility likely to dominate and a potential bottom forming that ends the week in the green.
The same setup applies to $TAO, where higher timeframes remain bullish even as shorter-term price action offers the corrective opportunities missed during the earlier advance.
On the 4h chart TAO sits at $265.1 beneath both the EMA50 at $277.57 and EMA200 at $274.89, locking in the bearish structure while the MACD death cross at -2.86 keeps downside momentum intact; price is currently testing the lower Bollinger band near $260.18 support, yet the neutral RSI at 39.51 leaves room for a bounce toward the upper band at $289.38 before any sustained recovery attempt.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast