AUDIO USDT LONG Price has been in accumulation phase now ready to move higher.
Indicators signalling a big move up
AUDIOUSDT
LONG $AUDIOAfter a blowoff top at $4.96 this has dropped all the way back to a low of $1.43 and is now showing some signs of life. On the lower time frames it's printing good volume as it crosses the 200 SMA, also we see an EMA crossover playing out. On the higher time frames it could be forming a base around the .702 Reload Zone Fib (find the HXRO Labs Youtube on Reload Zone for more info).
From a FA perspective we are watching Solana projects smash - Sol Szn - Sol Summer is about to kickoff. Unlike Spotify, using the power of tokens and governance Audius can empower music creators in new ways to monetize and their content. It can empower fans to interact with creators and the network in new ways as well. Many of the benefits of NFTs can be embedded into the system. For more info listen to Solana podcast "Roneil Rumburg - CEO and Co-Founder of Audius Ep #36"
Audius $AUDIO still headed to $12+ by June after slight delayThe market may have sold off a bit, and technically this was due, but nothing has changed fundamentally about Audius/$AUDIO since my last chart.
Still projecting $AUDIO to bounce hard of it's recent low around $1.41 (a clear oversold level) to break the previous ATH of $5 and on to the fib line in the $12 - $13 range by mid June!
$AUDIO staking yields are still around 29% APY as initial investors and artist continue to acquire, accumulate and HODL AUDIO tokens. Audius is not only the future of music, but the future of digital audio, audio distribution and audio/music creators distributing their work directly to fans/buyers.
A few of the fundamental developments of The Audius Project (www.audius.co) I'm still expecting we'll see over the remainder of 2021 are as follows..
- 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
- Roadmap detailing plans to expand Audius beyond just music, into audio books, podcasts, events and ticketing.
- Artists launching their own custom tokens or NFTs on Audius
- New apps launching in the Audius app store that allow artist and fans to do things with music they could never do before.
If even a few of these things come to fruition, I would expect $AUDIO to have a fully diluted market cap of $50 to $100 billion within the next 5 years (~$50 AUDIO token value)!
Audius will be much bigger than Spotify which currently has a stock market cap of about $50 billion.
This is not financial advice, I'm not a financial advisor, do your own research (DYOR).
As always, enjoy the ride!
Rounded Bottom idea for $AUDIOUSDTThis is a daily chart for Audius $AUDIO.
I've traded $AUDIO plenty of times these months, always been very profitable but in this occasion made a mistake getting greedy on the April 12th breakout candle. I had scalped it twice and took profit every time it retraced and reentered after. I should´ve seen the decreasing volume on the histogram (white segmented line) coming and was left hodling the bag.
But the resulting price action moving towards the upper trendline of the flag turned out forming a RB pattern.
I expect this to range maybe for 2-3 days before actually resuming it's climb and start a parabolic move to close the cup.
I'm still in play...
More ranging expected at every highlighted FIB level.
$AUDIO should break $5USD with the completion of this move.
AUDIO UPDATE - Short term downside, Re entry IdeasAll the info is written on the chart.
Still long term bullish, but I still expect some more short term downside based on the chart.
The green dash lines are possible re-entry levels, but they're subject to change with market conditions. Scale in and consider using stop loss orders to conserve capital in case of more downside.
happy trades,
CD
audio/usdt AUDIUS Grounds:
1.Audio has an efficient app already work and at the beginning of April had 3 million users
2. Audio is on the Grayscale product list
3. It bounces off the trendline a second time and is still in an uptrend
4. As the first and only music application that starts with the NFT, which has a huge hype.
5. You can see a huge power of buyers last month.
6. Bitcoin broke the limits of 60,000 which probably heralds another ath for alcoins.
7. Price 2.5 $ at 3 million + users, for example soundcloud 250 million, apple music 50 million
8. No Ads
9. Support from deadmause5 and others
10. Strong lineup of creators.
In my opinion, audius is undervalued and has a huge potential for gains of $ 8-10 and then $ 20+ easy
AUDIO parabolic curve BASE 2 is done?This would mean that base 3 is in the making and it should follow the curve 'perfectly'.
🌧️ AUDIO Possible BreakoutAUDIO has been in a descending wedge for a while now. Compared to the other run ups, AUDIO didn't go up as much, and has since retraced back down to lower levels. AUDIO has around 4 million active users now and growing, and could become a decentralized Spotify in the future. Expect a bullish run soon once volume starts to pick up. Higher risk taking individuals can consider buying in at these lows before the pump. Otherwise, wait for the break of the resistance line on the wedge.
$AUDIO will continue to go up, and then some! Fantastico!This is a great run for $AUDIO and I think it will continue to climb. There might be some occasional dumps (expirations, etc.) coming up but that is nothing to be worried about IMO. #DYOR
Disclosure: Author of this idea holds $AUDIO.
Breakout looks good, Let get it!!!! 10XCheck out what a respected analyst has to say
Technically speaking, she is nearing the bottom and should reach there in a couple of days, with my best guess in green.
AUDIO/USDT rebound in sidewayAfter the price decrease for 2 weeks, today we have one interesting green candle.
MACD still on the bullish
Rsi around 50 ... we have more chance to look above to resistance at 3.19 and 3.98 (frm Fibo retracement)
I think we will journey in sideway for a while.
LONG AUDIO TO 3.4Looking at the 1h massive pullback that set the short term bounce after the descending trend breakout... A very good time to Long Audio around 2.3 to 2.5 towards 3.4
AUDIO in buy zoneAUDIO found resistance and cumulative delta is positive on daily chart. It will take some time, but price can grow up to $4-4.50. So it's good enough for long.
AUDIOUSDT 4H GAN FAN + FIBO RETRACEHello fellow trader,
I am very new to crypto trading and really need some ideas and insight. Please rate my graph from 0-10 , and if you are welcomed to drop any ideas and comment so I can improve myself.
May the force be with you
RussetPatatoo
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
🌜 If you enjoy this idea, please like and leave a comment 🌜
This is not financial advice
AUDIO RE-ENTRY IDEA - SHORT TERM DOWNSIDEIdeas are clearly stated on chart. After that 1300% pump, I think it's safe to expect a bit more downside short term. Still long term bullish.
happy trades,
CD
