- The weekly TAO chart forms a broadening wedge inside a larger channel and this setup may lead to a push toward upper levels.
- Traders watch for the channel top to be retested as the pattern builds a steady path after repeated swings inside the range.
- The analyst maps targets at 428, 556, and 715, with the chart showing a clear zone that guides the price path for the coming move.
TAO traded inside a broadening wedge on the weekly chart as traders tracked a possible retest of the channel’s upper boundary while the analyst mapped upward targets at 428, 556, and 715 based on the current formation. The pattern signaled a wide range of movement as price action continued to react to repeated swings across the expanding structure. This created a clear roadmap for potential future zones.
Channel Structure Sets the Framework for TAO’s Weekly Outlook
The chart displayed TAO moving within a rising channel that had guided price action across several months. The broadening wedge formed inside this channel as the lower boundary tilted upward and the upper boundary widened with each larger swing. These reactions created a structure that aligned with the three targets presented by the analyst.
Price action showed repeated tests near the lower wedge line as TAO moved through a rhythm of higher lows and extended pullbacks. Each swing returned toward the central region of the chart before pressing higher again. This created a pattern that helped traders map the next directional phase.
A clear zone near the 0.382 Fibonacci region acted as a pivot where several weekly candles reversed or consolidated. Because of this area’s repeated involvement in earlier reactions traders used it as a reference point to plan for later moves. The analyst’s outlook, therefore, is built upon both the wedge formation and the long-term channel structure.
Three Key Targets Shape the Next Phase for TAO Price Levels
The analyst set three main targets based on the wedge and the overall channel. The first stood at 428, which matched a mid-range level inside the broader pattern. This level served as the nearest step in the projected move and aligned with previous candle interaction.
The second target reached 556 and sat near the upper third of the channel. The chart marked this area with a label, as price movement had interacted near that level before. Because of this, traders viewed it as an important step if TAO gained enough strength for a continuation.
The final target stood at 715 near the top of the channel. This level showed the highest potential zone in the short-term projection. The analyst noted that a retest of the channel’s top may occur if price momentum breaks cleanly from the wedge structure that currently contains movement.
A central question formed for traders. Will TAO reach the channel’s top again as the wedge narrows and prepares for a larger directional push?
Pattern Behavior Suggests the Potential for a Retest of Upper Levels
The chart traced a curved recovery path from the lower wedge boundary with several projected waves showing a gradual build in movement. This pattern indicated a potential grind toward the mid-range zone before any stronger advance.
Weekly candles also showed long wicks near both boundaries, which signaled volatility inside the expanding structure. These long wicks matched the idea of a broadening wedge, which often forms when market conditions widen ranges and create stronger reactions.
The outlined targets helped traders visualize the possible steps toward the channel’s upper limit. Each target is aligned with earlier weekly reactions, including previous consolidation zones and earlier Fibonacci retracement areas. Because of this alignment, traders found the roadmap useful for planning positions around the wedge.
