AUDIO end of 5 day correction?Is AUDIO correction near the end... looks like it's ready to do something... and I love when they do something...
AUDIOUSDT.P trade ideas
long audioIf the resistance fails, it can move up to the specified range and make a profit of approximately 40%
AUDIOUSDT is creating another bull flag 🦐AUDIOUSDT is creating another bull flag 🦐 below the daily resistance. IF the price will have a breakout from the resistance and turn into new support, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
TURN UP THE VOLUME! AUDIO COMEBACK! HOPIUM CURVE HOLDS STRONG!Kinda shocking but AUDIO has in fact been a top gainer on Binance recently!
Also shocking that the ironically titled "Hopium Curve" I drew when it was still in a downtrend has held strong!! (see chart linked below)
AUDIO is clearly trying to pull a macro trend reversal here and it's a beautiful thing for what is essentially an airdrop token that the AUDIUS team uses to support artists now and then XD
200SMA is currently acting as resistance, but if AUDIO can break above that - Look for parabolic upside and an eventual retest of the previous "Resistance zone"
happy trades,
CD
AUDIOUSDT - Long - Potential 32.40%AUDIOUSDT - Long - Potential 32.40%
Exchanges: Binance
Signal Type: Regular (Long)
Entry Zone:
1.1302 - 1.2132
Take-Profit Targets:
1) 1.2641
2) 1.4058
3) 1.6098
Stop Targets:
1) 1.0149
Entry Triggers - TD9 on a nice pullback with bullish momentum in almost all alts.
Breaking the downtrend lineFinally, I enter the downtrend line in the daily time frame and the four-hour break of one step and wait for the pullback to enter the trend line for the next step.
Expect prices to rise to 1.9; I have $ 2.5 and $ 3, which is a good price if the 1.9 pump resistance breaks
audio analyzeAccording to the chart above, as you can see, this currency had a good growth that could break the ceiling.
We suggest that if you are going to buy, enter 1.08 and 0.98 in Step, if you go down, you can lower your average in buying.
4-hour stabilization stop is below $ 0.87.
Waiting for the downtrend line to breakThis is the third encounter with the downtrend line, and if the trend line breaks, I will buy with a strong candlestick in the pullback
AUDIO/USDT Volume increase as early sign of recovery?The analysis will be similar for most coins at their current state so don't be upset if the phrases are the same.^^
We see an increase in volume which signs a rise in interest.
The purple line shows that we are in an upward movement with higher highs and higher lows.
Recently a cross between the 50MA and the 200MA occured where finally the 50MA is on top again.
These are early signs of a trend reversal which is not confirmed yet.
However, one might take this as a great buy opportunity.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
AUDIO AUDIO is having itself a grand time with its personal bull market.
Fundamentally this is a great platform for independant artists to do whatever they want with censorship which is awesome.
20 EMA crossed over 200 EMA.
20 EMA about to cross the 50 EMA.
Usually second golden cross is where the big move happens.
The 0.618 good TP and buy back in at 0.5.
Close below the R1 or 100 EMA on daily may signal downtrend.
Long term can def see this crypto platform being mainstream.
This is not financial advice, just my own opinions.
Audio, time for correction or?Will AUDIO do some correction or will it act like AXS? I will wait and see but don't want to miss this one, long or short, never mind...
$AUDIO- This hurtsMissing out on this one kinda hurts cos i have always knew its a gem *sighs*
Waiting on the next pull back.
Check the fundamnetals..
AUDIO SKYROCKINGDaily candles are loking great for audio after a big acumulation zone
One of the members of Audio got an interview with bloomberg
The funding campaign for artist is a new tool awesome to get financed by AUDIUS for marketing/remix contest or whatever if fits with the project to incentivate the participation of the comunity, this means more audio is required, so the demmand is increasing.
They made a huge festival with big names in the music industry.
EDM.com one of the biggest newstlers of electronic music , cointelegraph made aricles.
Follow the confirmation of at least 2/3 validators + price action for a safe entry without care much about btc.
Never entry if Daily candles looks bad. If you get a weekly confirmation congrats, this will be huge.
AUDIO / USDT analysisAUDIO / USDT
Audio bounced from support and now trading just below multiple resistances zone
its in no trading zone ..must break resistances area to become bullish
(Never long below resistance)
AUDIO MACRO ANALYSIS: The music has stopped playing, for now....The entire alt coin market is at the mercy of BTC right now, and as long as BTC Dominance trends higher, Alts will not be very profitable, except for short term trading.
In general, I do not hold altcoins during downtrends. Even when you think they can't go any lower: they can.
**IF YOU ARE looking to reenter or buy more AUDIO, however, I would wait for the price to break above the macro trend line acting as resistance. Paired with a break above the 200 SMA (and a rally for BTC) should shift momentum to the upside.
Audius is still a great project with a lot of potential. Do not think for a second that the severe retrace in the price of AUDIO is based on the viability of the Audius project.
The volatility is simply a feature of alt coin markets, which the Audius devs surely realized when they made Audio available for trading.
Traders certainly had their way with AUDIO, and hopefully my artist friends secured some profits too.
I don't see the Audius team giving up any time soon, so if and when the bull market cycle restarts, AUDIO will definitely be one to watch, and may be a good one to buy and hold onto if the price continues to decline in the short/mid term.
happy trades,
CD
