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
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
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.
AUDIO/USDT uptrend continues...We have mentioned in our GLMR/USDT analysis that once we hit the entry price for the buy signal, the overall crypto correction should be over.
Now, considering that AUDIO is printing new HH and remains above the trendline, the probability of further price increase remains high.
AUDIO potential to rise good#AUDIO/USDT
$AUDIO is above the support zone and ascending support line.
🐮 holding above this strong support will increase price toward upper resistance zones.
🐻 break down from ascending support can drop price to lower ascending support.
⚡️ so I think there is a good R/R to get into this coin and earn some profit.
AUDIOUSDT | FALLING RESISTANCE BROKENAUDIOUSDT has broken the falling resistance. The price is currently trading above the broken resistance.
The bulls need to sustain the price above the falling resistance. While break below the falling resistance will be a fake breakout.
Trade your levels accordingly .
AUDIOUSDT is testing the 4h resistanceThe price is testing the M neckline at 0.370 area, the price got several rejections.
The market needs more volume and momentum in order to create a clear breakout from that level and confirm as new support
How to approach it?
IF the price is going to have a breakout and retest it 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 🦐
AudiousdtEntery: 0.40
Sl: high leverage 0.4050
Sl: low leverage 0.4150
Tp1: 0.3550
Finnal tp: 3250
FOLLOW FOR MORE!