TAO: Van de Poppe Eyes $400 on Weekly Hold
Michaël van de Poppe notes that TAO shows no issues on higher timeframes provided it holds the weekly block, with potential continuation toward $400 and higher.
SourceAnalysis
Michaël van de Poppe highlighted that $TAO mirrors $BTC in displaying clean structure on higher timeframes, with no concerns as long as the weekly block holds and a move toward $400 follows.
At $279.9, TAO trades below its EMA50 at $285.5 yet above the EMA200 at $277.0, keeping the broader trend bearish while the MACD at -1.91 confirms a death cross; neutral RSI at 47.21 and price action inside the Bollinger Bands between $268.66 and $299.44 suggest any push higher will first need to clear the upper band before testing the next resistance cluster.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast