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AUDIO / TetherUS

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AUDIOUSDT trade ideas

AUDIOUSDT is testing the key levelThe price had a false breakout from the pennant and got new liquidity from the daily resistance at 0.42$ area. Now the price is testing the 4h support at 0.29$ area How to approach it? IF the price is going to lose the support and retest as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
AUDIO/USDT: No clear directional - Still under bearish pressure---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)------- AUDIO/USDT: No clear directional - still under bearish pressure Context - The Global Crypto market leads by BTC and ETH reversed drawing a new bullish trend - However Audio Coin is underperforming ETH on a longer run - A trading range between the Neutrality area is more likely at this stage, a bearish attack can't be ignored with this set up - Watch 0,58 resistance to reintegrate to give a positive signal Market configuration - Graphical Elements : Graphical Resistance = 0,58 & 1,83 Graphical Support = 0,27 & 0,08 - Mathematical Indicators: EMA (Exp Moving averages) are still capping the market = Bearish RSI indicator (below) is mixed without clear signal to analyse = Neutral / Bearish - Elliot & Harmonic Wave (Fibonacci): Fibonacci Target (C) B are at 0,27, however we can't find them lower at 0,17 Fibonacci resistance of the wave in progress = 0,58 Fibonacci support of the wave in progress = 0,27 Conclusion Really tricky configuration, watching Audio versus USDT, ETH or BTC all the configuration are leaning towards a further bearish pressure. Only the global crypto market outlook are calling for a possibility of bounce towards 0,58. For now the most likely scenario is a trading range between 0,27 and 0,58, but only 0,58 reintegrated would give a clear bullish signal.
by JeanJean1983