Bittensor Price action - Possible Cup and Handle setup

The price of Bittensor is still dangling at around the order block I previously mentioned at $245/TAO, and it seems that the order block acts as a nice support. A cup and handle pattern has also formed and checks out beautifully in the 4h time-frame as well.


Price is still moving below both 50 and 100 Moving Averages. RSI is oversold.


If it breaks the cup and handle downtrend, expect prices to drop to $185/TAO
If the price follows the cup and handle pattern, I'm expecting we break out of the triangle towards $500/TAO again. Let me hear your thoughts and opinions.