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AUDIOUSDT

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
by cryptodonovan
AUDIO/USDT Downwards trendline broken. 100MA as next targetAUDIO broke out of the downwards trend indicated with the yellow line. The volume is very low and AUDIO has a hard time recovering also with the 100MA just above acting as new resistance. Once the 100MA is crossed more investors are likely to turn bullish again and with it the volume will rise. Middle target is 2.7$ and the ATH target is around 4$. Audius in contrast to other music plattforms gives the money to the content producers. Checkout their Twitter page: twitter.com and their webpage: audius.co 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. If you like the content, please like, comment and give this channel a follow. 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.
by tumbler55
AUDIO/USDT Moving into range range. Breakout ahead?AUDIO found support at the green line and did follow the downwards trend indicated by the violet line. We are looking at a decisive moment where we probably see a disrupting move. AUDIO has a great usecase since music is all over the place. 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. If you like the content, please like, comment and give this channel a follow. 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. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
AUDIOUSDT (AUDIUS) - BULLISH SETUPANALYSIS 🔎 - AUDIOUSDT hit an ATH and retraced for a retest of the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this zone. - The retracement was resisted by the descending trendline resistance (DTR-1). - Price brokeout above the descending trendline resistance (DTR-1), this is a bullish signal. - There's a potential formation of the bullish inverse head and shoulders (IH&S) pattern. - Price hit a swing high and retraced (right shoulder formation). - Price is retesting the descending trendline resistance (DTR-1), horizontal support level (S1) and the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - The minor retracement at the right shoulder is resisted by the descending trendline resistance (DTR-2). - Breakout above the descending trendline resistance (DTR-2) could lead to the test of inverse head and shoulders neckline resistance (complete formation of the inverse head and shoulders pattern). - Further breakout above the inverse head and shoulders neckline resistance could be a bullish confirmation. BUY ENTRY ⬆️ - Breakout above the descending trendline resistance (DTR-2). - Breakout above the inverse head and shoulders neckline resistance (NR). TARGETS 🎯 - All Time High ( ATH ) resistance. - Fibonacci extension levels. SETUP INVALIDATION ❌ - Initial invalidation : breakdown below 0.786 fibonacci retracement level. - Final invalidation : breakdown below previous swing low horizontal support level (S2).
Long
by Chibuike_Odoh
FORTUNE TELLER ~ AUDIO/USDT PREDICTION... (Just for fun)Trading isn't predicting. I know I'm setting myself up for failure here, but as the title indicates THIS IS JUST FOR FUN - NOT FINANCIAL ADVICE!!! Contrary to popular belief, I cannot predict the future. But I think there's a strong possibility AUDIO (and a number of other alts) are currently in a re-accumulation phase, building towards another run up... If true, I would predict that AUDIO'S PA is going to continue to be affected by the resistance zone. I DON'T expect the curve I drew to hold up perfectly. Audio may even continue ranging for a while and invalidate the timing of this prediction. we shall see...... I just hope you realize...... that since I posted this.... Audio is probably going to crash instead XD happy trades guys and gals CD
Long
by cryptodonovan
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