Audius [AUDIO] Formation & potential outcomeHi everyone,
After a HUGE rally that lasted untill the end of March, AUDIO is catching his breath and preparing for the next move.
Looking at the 4H timeframe, AUDIO corrected untill its 60% retracement and has developed a descending-wedge formation. We are currently waiting the conclusive price-action and volume that will validate a breakout above the boundary of this structure.
When looking at the larger picture, a potential ascending trinagle is forming (still to be confirmed). After breaking out this triangle formation other important key levels can be tested.
Fundamentals:
> Announcement of Audius Collectibles
> Rising artist parterships
> Solid team & hiring
In case we fall below the lower grey trendline that acts as support, above set-up will be invald
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This is not financial advice
AUDIOUSD
$AUDIO: 2.4567 is comingNOT a financial advice.
Holy trinity long setup:
D1 Kijun ($2.6)
-50% haircut from the top ($2.5)
Previous high ($2.05)
Ideally the lowest of those 3 would be preferable, but let's take whatever the market gives us.
BINANCE:AUDIOUSDT
HITBTC:AUDIOUSDT
FTX:AUDIOUSDT
FTX:AUDIOUSD
Audius $AUDIO headed to $12+ Then trading rangeI've been invested in $AUDIO since it was trading for 25 cents and still holding every coin while staking for 35-40% annual yield! It doesn't get any better than this and yet, there's STILL much more room to run with this coin!
Aside from a great technical setup, things still to look forward to over the next several months for $AUDIO are the following:
These are fundamental developments of The Audius Project (www.audius.co) that I'm expecting we'll see over the remainder of 2021...
- Major musicians and artists joining every day and tweeting about it or mentioning it on the radio, tv, shows, events, etc.
- Major promos/partnerships with Top 20 global music producers/artists like Justin Bieber, Lady Gaga, Lana Del Rey, The Weekend, Cardi B, BTS, Drake, Billie Ellish, etc. etc. - branching out beyond major EDM artists and producers.
- User numbers and user growth rate increasing every week/month
- Coinbase/Gemini listing of AUDIO along with other top tier CEX listings like Kraken, Huobi, Kraken, etc.
- Grayscale announcing they're considering an AUDIO trust.
- Series B round of funding $30M - $50M likely coming in 2021
- VIP account tier perks rollout along with token economics and monetization
- How fans and artists benefit from the platform... WITHOUT the need for ads!
- How Audius earns revenue as a business
- Songs/Albums released as NFTs, music related NFT drops, music event ticketing and other perks related to NFTs
- Integration with blockchain games and metaverses
- Integration with virtual events, concerts, festivals
If even a few of these things come to fruition, I would expect $AUDIO to have a fully diluted market cap of $25 billion - roughly half the size of the stock market cap of Spotify (it's closest competitor)
This is not financial advice, I'm not a financial advisor, do your own research (DYOR).
Enjoy the ride!
$AUDIOUSDT - Bullish flag formed. Just wait for a breakoutHello guys!
I like this dApp, this one is a true competitor to Spotify and Apple music and even Sound Cloud.
Great to see projects like Wink, Tetha and Audio brining traditional apps we use on daily basis to decentralization.
I am a great supported of Audius and waiting for the project as well as it's token to skyrocket.
AUDIUS 1H TFAUDIUS is in a bullish channel and within this channel it is forming a continuation flag. At 1hTF we need the price to break the previous high that touches the bullish divergence of the flag with a decision candle that indicates aggressive buying. If price achieves this, we could go for the top of the lower channel. Taking into account the rise of NFT projects and the similarity of the purpose of this project with that of $THETA and the rise of the latter, a projected impulse by institutional buyers could create a FOMO that could multiply the market cap of $AUDIUS several times over.
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AUDIUS está en un canal alcista y dentro de este canal está formando una bandera de continuación. En 1hTF necesitamos que el precio rompa el máximo anterior que toca la divergencia alcista de la bandera con una vela de decisión que nos indiquen compras agresivas. Si el precio consigue esto, podríamos ir a buscar la parte alta del canal mínimo. Teniendo en cuenta el auge de los proyectos NFT y la similitud del propósito de este proyecto con el de THETA y el auge de este último, un impulso proyectado por compradores institucionales podría hacer crear un FOMO que multiplique el market cap de AUDIUS varias veces.
🆓Audius/USDT Analysis (9/2) #AUDIO $AUDIOAUDIO has conquered $0.25 and $0.27 zones, so we can expect a strong rally over the next few days to $0.4 and $0.5 zones.
📈BUY
-Buy: 0.27-0.28$
-Buy: 0.25-0.26$. SL if B
📉SELL
-Sell: 0.38-0.40$. SL if A
-Sell: 0.475-0.5$. SL if A
♻️BACK-UP
-Sell: 0.25-0.26$ if B. SL if A
-Buy: 0.21-0.22$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
AUDIO/BTC (Retest Previous Low Support)💎Technical Analysis Summary💎
BINANCE: AUDIOBTC
-AUDIO may have found support around 700s sat
-And resistance up around the 1100s sat
-We have a potential range channel where the price
-Can easily move either up or down direction
-If you are an aggressive buyer
-Scaling into position is what you are doing right now
-With a tight stop loss just below its previous support
-But if you want to be more conservative
-Waiting for a proper trend reversal is your key objective
-You are interested only buying above the box resistance
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Audio AUDIOUSDT - Descending triangle, bearish continuation- Audio is going down since coin listing on Binance
- Currently forming descending triangle bearish patttern
- Also rejected by the trend line, good trade for a short term scalp
- I expect lower prices
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