Recently, many traders have been paying attention to the trends of BCH and TAO. Let's start with BCH—this coin has already formed a golden cross on the weekly chart, indicating a clear bullish momentum. In the short term, focus on when the downward momentum on the 4-hour chart diminishes. Once this signal appears, consider opening spot or long positions in the support zone around 600-610, with a target near 700. The entire cycle is expected to take about 2 weeks, with a stop loss recommended at 580.
TAO's situation is also good. From the weekly perspective, the dawn star pattern has already formed, which usually signals a strong rebound. However, the daily chart still needs to observe a correction wave, and the 4-hour chart is also waiting for a correction signal. When the volume diminishes, it will be a good opportunity to follow up—consider deploying spot or long positions around 260, aiming for the 300-320 range, with a stop loss at 249. The cycle is estimated to last 1-2 weeks.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
19 Likes
Reward
19
6
Repost
Share
Comment
0/400
MergeConflict
· 01-08 09:17
BCH's golden cross looks pretty good, just worried it might be a false alarm again... Let's wait for the signal at 600.
TAO Dawn Star formation happened quite quickly. Whether it can truly rebound this time depends on the volume afterward.
View OriginalReply0
ZenChainWalker
· 01-07 16:51
BCH this golden cross looks really good, but I'm just worried it's another old trick to lure stops with false signals
I didn't quite understand TAO's Dawn Star; I'll wait to see what others say
The most annoying thing right now is these 2-week cycle predictions, they seem to be valid anytime
View OriginalReply0
GasFeeCryBaby
· 01-07 16:50
BCH's golden cross this time is indeed promising, just worried it might be a false breakout...
I've looked at TAO's Morning Star for a long time but still can't quite understand it. Can someone explain it?
Enter at 600-610, exit at 700. I like this simple and straightforward logic.
260 for positioning in TAO still feels a bit expensive. Let it drop a bit more.
Can it double in two weeks? Dreaming, or is it really possible?
View OriginalReply0
Ramen_Until_Rich
· 01-07 16:50
The recent golden cross on BCH looks decent, but I'm worried it might be suppressed again... Let's wait and see if it can break 610.
I can't see the Dawn Star pattern on TAO, do you have a chart... The 260 level feels uncertain.
View OriginalReply0
RiddleMaster
· 01-07 16:47
The golden cross is so obvious, it feels like BCH has a chance this time
TAO Dawn Star has already appeared, why didn't we mention it earlier...
Entering at 600 is quite safe, just worried about a deeper pullback
If the volume truly shrinks this time, the 260 range is indeed tempting
BCH hitting 700 seems tough, with quite a few resistances in the middle
How is TAO currently positioned? Are we still waiting for a signal?
View OriginalReply0
PriceOracleFairy
· 01-07 16:43
ngl the 600-610 support zone on bch is giving major statistical anomaly vibes rn... that golden cross setup lowkey screams textbook market inefficiency waiting to be exploited
Recently, many traders have been paying attention to the trends of BCH and TAO. Let's start with BCH—this coin has already formed a golden cross on the weekly chart, indicating a clear bullish momentum. In the short term, focus on when the downward momentum on the 4-hour chart diminishes. Once this signal appears, consider opening spot or long positions in the support zone around 600-610, with a target near 700. The entire cycle is expected to take about 2 weeks, with a stop loss recommended at 580.
TAO's situation is also good. From the weekly perspective, the dawn star pattern has already formed, which usually signals a strong rebound. However, the daily chart still needs to observe a correction wave, and the 4-hour chart is also waiting for a correction signal. When the volume diminishes, it will be a good opportunity to follow up—consider deploying spot or long positions around 260, aiming for the 300-320 range, with a stop loss at 249. The cycle is estimated to last 1-2 weeks.