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AUDIOUSD trade ideas

AUDIOUSD broke above the Bear Cycle Lower Highs and the 1D MA200The AUDIO token (AUDIOUSD) broke today above the Lower Highs trend-line that was formed on November 18 2021, effectively being the declining Resistance that shaped the trend of the Bear Cycle. Today's move is a major confirmation of the new Bull Cycle as it also broke above the 1D MA200 (orange trend-line) for the first time since April 05 2022. The 1W RSI is still on neutral levels, indicating that there is still significant miles left on the current uptrend. We may see the first pull-back soon though as the price is approaching a major Resistance cluster, the 1W MA50 (red trend-line) and the 0.382 Fibonacci level, which was a long-term rejection zone from May 11 to August 11 2022. From that point onwards, every lower Fibonacci level is a potential Support and every upper is a target. Our major target on a 4 month basis is 1.1000, which is the 0.618 Fib (Golden ratio). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:AUDIOUSDLong
by TradingShot
FOMO RX - AudioI'm starting a new series today to help those that suffer from the FOMO Disease. That's right....FOMO is a DISEASE. Just like many other ailments that we suffer from, we have to learn how to TREAT the disease...as I'm afaid there IS NO CURE! I hear people say "Just control your emotions". Easy said...but hard to do. In my years trading, I know I suffer from FOMO (if you do too...this is meant for you)! But I've developed a prescription to help ME manage my FOMO...maybe it will help you too. I'm going to use the Crypto AUDIO for my example. You can see on the attached chart that I have 3,250 tokens at an average price of $0.7621 with my last update on 6-13-22 (as denoted by the dotted horizontal line in green on the chart). I highly recommend that you put a level on your chart showing you how many tokens you have with the date when you last updated at your average price level. This really helps when scrolling through your charts to see when you may need to add to your position to keep it under the level you've chosen. My approach is simple...I want to maintain my average cost under the 23.6% Fibonacci Retracement Level Line (you can choose any level you want), which in this example is at $0.9427. This way, when price takes a major move down, I can take my time and if nexessary buy more tokens to ensure my average price stays under the level I've choosen based on my own personal risk tolerance. Most everyone knows that over time, when bulls take over from the bears, the first Fibonacci retracement level that is hit is the 23.6% level, so at some point, I am almost guaranteed to make a profit on my investment. Of course, that's making the assumption that a token doesn't go completely belly up...so make your choice of which asset to invest in carefully. I have found that this gives me peace of mind, gives me a specific target for my average price on my position, and i'm not chasing price, only to have price fall back down and have no money left to invest at better prices. I also have to purchase much less to keep my average price under the level I choose and have gotten to the point that I want price to fall lower so I can continue to bring my average cost down, knowing that when the bull market returns, I'm going to be profitable more quickly, with plenty of room to be much more profitable as price reaches higher levels. Just for disclosure, this is not financial advice or a recommendation to purchase anything. Just sharing how I deal with my own FOMO Disease. If you don't have a current position that's upside down, you can use this to decide when to enter new positions. On one more note, I have drawn the Fibonacci channel from $0 to the All Time High for the most encompassing range instead of using the All Time Low for the bottom level of the range. If this has been helpful to you...like this post and recommend it to a friend. Leave a comment if you have any questions.
BITSTAMP:AUDIOUSDLong
by davidperkins1
2
AUDIOAUDIO has done nothing interesting in the last 3 months (chart perspective). But now, after the long retracement, price is near support around $1.4, we are near the break of the descending diagonal and the MACD is turning bullish. RRR is interesting. This is not a buy signal yet. Typically, in such cases, you want to see a strong volume on the 4H or 1D to suggest a real breakout before entering a long position. A successful retest of the horizontal support might be another (more aggressive) entry. In any case, wait for bullish confirmation before going long.
FTX:AUDIOUSDLong
by CryptoKoryoDefi
AUDIO/USD Cup With Handle sitting at the 61.8% Fibonacci RetraceI originally identified a Bullish Gartley on AUDIO a few days ago and we have since seen a decent reaction from the PCZ and now I have noticed that the Full Picture looks a bit like an even Bigger Bullish Setup; A Cup and Handle and right now price is sitting at the 61.8% retrace. It seems we may see prices between $7.60-$26.00 in the future. But i still will take some profits early at the targets provided in the original smaller 4 hour bullish setup which can be found in the related ideas tab below.
FTX:AUDIOUSDLong
by RizeSenpai