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AUDIO BREAKOUT SETUP For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
AShort
by traderchamp_
AUDIO/USDT Technical Analysis: Inverse Head & Shoulder PatternAUDIO/USDT Technical Analysis: Inverse Head & Shoulder Pattern Indicates 200% Potential Upward Movement In the world of cryptocurrency, Audio (AUDIO) is currently trading at $0.37. Traders and investors are always on the lookout for potential breakout opportunities to earn profits. In this technical analysis, we will look at the Audio/USDT chart and identify a possible inverse head and shoulder pattern that could indicate a significant upward movement. However, it is essential to note that this is not financial advice, and investors should always conduct their research before investing in any coins. Overview of Audio/USDT Chart: On the Audio/USDT chart, we can observe a possible inverse head and shoulder pattern. This pattern is a bullish reversal formation that occurs after a significant downtrend. In this pattern, the left shoulder, head, and right shoulder create a shape that resembles a head with two shoulders. The neckline is formed by connecting the two valleys between the shoulders and the head. A breakout above the neckline indicates a potential upward movement. Key Levels: The support level for Audio is at $0.25, while the resistance levels are at $0.42, $0.72, and $1.21. The critical level to watch out for is the neckline resistance at $0.40-$0.42. Technical Analysis: Currently, Audio is forming an inverse head and shoulder pattern on the chart. The trend line resistance has already been broken, which indicates a bullish trend. However, a breakout above the neckline resistance at $0.40-$0.42 is crucial for confirming the pattern. If Audio breaks out above this level, it could potentially see a 200% upward movement from the current price. Takeaways: Audio is currently forming an inverse head and shoulder pattern on the chart, which is a bullish reversal formation. The neckline resistance at $0.40-$0.42 is a critical level to watch out for. A breakout above the neckline resistance could potentially indicate a 200% upward movement. The support level for Audio is at $0.25, while the resistance levels are at $0.42, $0.72, and $1.21. Conclusion: In conclusion, the Audio/USDT chart is showing a possible inverse head and shoulder pattern, indicating a potential upward movement. However, investors should always conduct their research and analysis before investing in any coins. The support and resistance levels mentioned in this technical analysis should be used as a guide to making informed investment decisions. Follow us for More Quality Content. Thank you.
Long
by CryptoPatel
1
AUDIO/USDT🔵🐇 #AUDIO/USDT ⚠️Caution : its inverted chart 🪄 AUDIO Has a Bullish Structure on bigger view - We have a fresh liquidity zone around +0.52 and the target of structure is around there too - but we can retrace around 0.2 - 0.15 before main bullish move or we can remain bullish - the bigger structure is more reliable for me and DCA is a good decision for me - it's a midterm view - it's not a financial advice - its just a structure not a signal with R/R - there are a lot of bullish structures for midterm view in crypto market right now and i will share them with you #Audio #Auidus #eth #btc #bitcoin #ethereum #cryptocurrency #crypto #Trade #trading #Trader #Signal #forex #Scalp #altcoins #chart #RTM #ICT
Long
by Crypton_Calls
Audius with a potential breakout!Traders, Audius looks to be breaking out to the upside here. As reviewed in my previous altcoin video, we were in a bullish descending wedge. I wanted to see both a break above the topside of our descending wedge as well as a break above that level of resistance at .276 cents. Those two criteria have been met. So finally, I'd like to see a confirmation on the daily. We need to see a close above .276 and another candle both opening and closing above that same price. This would confirm the break. Now, to look for entry. Often after a breakout, price comes back to retest the upperside previous resistance. In this pattern, this ends up being the topside of our descending wedge. Once touched (after confirmation), this is where I would be looking to enter this particular trade. One thing I don't like, is that 50 day ma above us. This may dis-sway my enthusiasm in this trade a bit. Stay tuned. I will post if/when I do. Along with potential targets and SLs. Best, Stew
by stewdamus