Rachid barkat
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Bullish
Discussion of scenario $TAO
{future}(TAOUSDT)
The double bottom pattern on the daily frame forms after it has formed on other frames..
- Neckline: 324 (the visible pivot resistance).
- The approximate bottoms: 276–285 (the repeated lower area).
- The theoretical target based on the pattern:
Target = 324 + (324 - 276) = 372
- Target drawn in the image: 402 from 276 → 402 (+45.45%), which is a potential extension above the theoretical target driven by momentum.
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The daily price gap at 446
- Unclosed gap: 446 (set as a target area after achieving the lower targets).
- On the daily frame, gaps tend to attract the price later, but the priority now is: to stabilize above 324 then 372, and then look at 402, and then monitor 446 as a liquidity area.
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The daily confirmation conditions visible in the image
- Daily close above 324: to confirm the breakout of the neckline.
- Stability above 324 with a strong candle: engulfing or a filled body that supports the momentum.
- Continuation towards 372 then 402: in line with the drawn path.
> If the price fails and closes below 324, this is considered a potential retest. A break and close below 285–276 cancels the daily reversal pattern.
This scenario on a higher frame means we capture a bullish trend signal from here, which may arrive slowly, so your trading on frames.
This is just an analysis, give me your opinion in the comments.
{future}(TAOUSDT)
The double bottom pattern on the daily frame forms after it has formed on other frames..
- Neckline: 324 (the visible pivot resistance).
- The approximate bottoms: 276–285 (the repeated lower area).
- The theoretical target based on the pattern:
Target = 324 + (324 - 276) = 372
- Target drawn in the image: 402 from 276 → 402 (+45.45%), which is a potential extension above the theoretical target driven by momentum.
---
The daily price gap at 446
- Unclosed gap: 446 (set as a target area after achieving the lower targets).
- On the daily frame, gaps tend to attract the price later, but the priority now is: to stabilize above 324 then 372, and then look at 402, and then monitor 446 as a liquidity area.
---
The daily confirmation conditions visible in the image
- Daily close above 324: to confirm the breakout of the neckline.
- Stability above 324 with a strong candle: engulfing or a filled body that supports the momentum.
- Continuation towards 372 then 402: in line with the drawn path.
> If the price fails and closes below 324, this is considered a potential retest. A break and close below 285–276 cancels the daily reversal pattern.
This scenario on a higher frame means we capture a bullish trend signal from here, which may arrive slowly, so your trading on frames.
This is just an analysis, give me your opinion in the comments.
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