AUDIO/USDT Breakout on Daily!!Looked like a descending triangle for more than a month. But the pattern has been nulled by the breakout recently to the upside. Good for going long on short, medium, and long term. Support at $2 is really strong and I doubt it will break down before the end of this market cycle. For the conservative traders out there, you can also wait for a retest of the breakout before going long on it.
Audio
AUDIO PARABOLIC MOVEAUDIO is currently consolidating under the 0.618 since early September, it is ready for its next parabolic move when the ALTS start running.
Based on the ELLIOT WAVE THEORY , I can see the next PARABOLIC move with a blow off top reaching between 1.618-2.272 @ $18-70
The 5th wave will be so Euphoric with a Exponential growth curve.
POTENTIAL 10X+
NFA, EDUCATIONAL PURPOSES ONLY.
AUDIO to $6.5 | #AUDIOUSD #BreakoutHello Padawans,
If you zoom out the whole picture, you will see.
The total supply is around 1Billion.
When we come to talk about fundamentals, I heard Audio has partnered with #Tiktok recently.
to happen this, BITCOIN should stay above 55k level.
after breaking this resistance, I think Audio will lift up to at least $5 level.
Let's see what's gonna happen.
cheers!
May the force be with you.
#NFA
AUDIOUSDT Technical Analysis⏳ Spot
💎 AUDIOUSDT has formed a falling wedge. It has broken above the resistance and has done a retest. It is expected that the price continues to go higher to previous resistance.
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 1.940
☕️ TP1 2.050
🍺 TP2 2.240
🍻 TP3 2.510
🍾 TP4 _____
🍷 TP5 _____
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 1.810
Good Luck 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a Profitable Day
long $AUDIO/USDT Trade ID: #OC08
Pair: $AUDIO/USDT
Direction: LONG
--------------------
Spot & Futures (x3)
The AUDIO is in a good dip
Trade Type: SWING
--------------------
ENTRY: Below 1.8570
Target 1 - 2.0000
Target 2 - 2.1350
Target 3 - 2.2750
Target 4 - 2.4020
Target 5 - 2.5070
Target 6 - 2.6280
🚫STOP LOSS: 1.6540
RISK: Medium/High
🆓Audius (AUDIO) Sep-30 #AUDIO $AUDIOThe buying force appeared at 1.9$ zone so in next days if AUDIO doesn't lose this zone, it will move towards 2.6$ and 3.2$ zones.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 2$ zone
🔴Buy : 2$
🔴Sell : 2.6$ - 3.2$
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 2$ zone
🔵Sell : 2$
🔵Buy : 1.8$ - 1.6$
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
AUDIOUSDT - an interesting bearish setup DISLAIMER - This is in no way shape or form financial advice. By reading this you acknowledge that you're fully responsible for your investment decisions and the results thereof.
Audius has recently started a formation of a Red Kumo cloud on the daily chart. When using the Ichimoku technical indicator, a Red cloud represents possible bearish sentiment and a further move to the downside. Once a red cloud is formed placing a short trade is often a reliable way to hedge against loses and gain more in the process of a falling market. However, there are a few more conditions.
As can be seen on the chart, the Chikou line (the white line on the chart) needs to be underneath the price candles. Moreover, the Kijun-sen (red line) and the Tenkan-sen (green line) need to be crossed so that the red line lies on top. When all these signals are aligned it's very likely that a nice short setup can be initiated. I'll be closely monitoring the formation of a broader cloud and the moving of the green line above or below the red line.
If the signals are met I'll be entering a short trade:
FIRST TARGET - 1.997 USDT
SECOND TARGET - 1.409 USDT
STOP LOSS - 2.568 (over the top of the red cloud).
Targets are calculated by comparing the Fibonacci levels and the usual Chikou line resistances and supports (see the horizontal yellow lines on the chart).
This setup takes into account the mixed sentiment on crypto in general. By September's end there'll be a meeting held between Charles Hoskinson (Caradno's founder) and many legislators of Washington D.C. in which there'll be talk about the effects the Infrastructure bill will have on the crypto community. I feel like there's a bearish cloud looming over all of crypto and feel like the continuing downward momentum of BTC is the start of a larger downward movement which will account for the correction of the huge gains achieved during this past year. If Hoskinson is convincing, maybe we see more uptrend, if not (and if macro issues continue for the overall economy) more trade setups like this will arise.
AUDIO/USDT BUY SIGNALThere is a possibilyty that cryptos bottomed out. If this is the case AUDIO could be one of the best performers in the coming days. But we only look at the short term opportunity at this stage.