AUDIOUSDT trade ideas
Audio to $27Audio printing a very large cup and handle pattern on the daily chart. Current resistance of $2.74 from a macro down sloping trendline from the ATH back in March. This trendline has proven to be resistance on many other occasions.
$2.74 is also the .382 retracement level from the ATH so a significant level to reclaim before a strong continuation to the upside. Peak of cup and handle pattern at $4.
Expect fireworks from Audio in the coming months as it begins its Wave 3 within a Wave 3.
Huge Potential..
AUDIOUSDT is testing the daily resistance AUDIOUSDT is testing the daily resistance.
IF the price is going to have a breakout, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDIO created huge triangle or this is a CUP & HANDLE pattern 🤔Hello traders 🐺
as you can already saw in the title , in this idea i wanna look at the AUDIO ; because today morning i open my trading view and saw AUDIO in my watchlist ; suddenly I realised wow 🤯 this is definitely very big pattern and i should publish an idea about that .
so let's start with the weekly time frame as usual :
in the weekly chart , we can clearly see that the AUDIO created very big triangle ; also as you saw in title we can call this pattern as CUP & HANDLE pattern , or maybe you say this is W pattern 🤔 , yes you can count this pattern what ever you want but it's important to know what is the technical target of each of them ; so for better understanding I decided to explain every 3 patterns :
1_ triangle :
as you can see in the above picture , the technical target of the triangle calculate like this ; also i like to use Fibonacci extension for find better take profit areas , so you can see the technical target of the triangle based on the basic trading rules is in alignment by the 1.618 Fibonacci extension level .
2_ W pattern :
if you count this pattern as a double bottom pattern the technical target calculate like above picture , also for better understanding I don't change the Fibonacci extension tool which i used for calculate triangle target to find out convergence of the different Fibonacci levels with each other ;
so now for calculating the W pattern target , I draw Fibonacci projection . and guess what ? 1.27 of Fibonacci extension is exactly in convergence with the W pattern technical target and 1.27 Fibonacci projection 🤯 ; so if you want to trade based on this pattern wait for the break out from the W pattern neck line which is also the weekly resistance structure and close at least daily candle above this level , also you can open long position after breaking the triangle trend line , but be carful because all of the red line or boxes is the weekly structure so it's very hard for price to break throw them .
3_ CUP & HANDLE :
but about this CUP & HANDLE pattern I like do use different method to measure the price target ; as you can see in the above picture , AUDIO price comes down exactly to the 0.618 Fibonacci retracement level also at that level we have the daily support structure ( blue box ) ; so I think maybe it's better to calculate the target of the CUP & HANDLE pattern by using this important Fibonacci retracement level ( 0.618 ) ; because i think this CUP & HANDLE it's not very clear and precise . so you can calculate the target by using AB = CD pattern :
as you see in the chart above , the technical target of the CUP & HANDLE or AB = CD is in convergence with the W pattern price target .
🐺 I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for watching my ideas 🐺
AUDIO: do you like music?BINANCE:AUDIOUSDT
BINANCE:AUDIOBTC
Audius (AUDIO) is a decentralized music-sharing and streaming protocol. It involved music copyright, NFT, and Web 3.0 application. It is very unique project and is invested by both Binance and Coinbase VP.
After 7 months of correction, this token has reaching the tip of a giant triangle. Last 3 days it shows strong upside momentum. Watch closely on its long-term trendline resistance. If if breakouts, we may expect challenging the previews ATH of around 5 usd, then to 20 usd or more.
This one is super bullish to me. I load A LOT.
AUDIOUSDTHello to all dear traders, I hope you always hunt for big profits.
DISCLAIMER:
This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.
everyone should buy and sell according to their own strategy.
Everything you need to know is outlined in the chart and keep in mind that we are moving forward with probabilities and the analysis may be wrong so take capital management seriously.
🎶AUDIO is warming up- macro bottomAUDIO is now trading close to the macro dynamic support, inside of a 2-month long descending formation. The chart itself is pretty clean. The price has been respecting levels very nicely so far, it should be an easy one to trade. The highlighted green boxes are the current areas of interest for scaling in (those will change depending on what happens next)
Long-term targets:
TP1: 2.57
TP2: 3.10
TP3: 3.69
TP4: 5.01 (~140%)
TP5: OPEN++
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About AUDIO:
Audius is a blockchain-powered, decentralized music streaming service with social media features. It's owned and run by an open-source community of artists, fans, and developers, and has its own crypto token, AUDIO.
$AUDIO enables network security, exclusive feature access, and community-owned governance. The Audius protocol gives everyone the freedom to share, monetize, and listen to any audio. Thanks to $AUDIO, our users can earn a voice in the platform’s future through active contributions to the network.
Source: decrypt
AUDIO/USD - 1D LONG => 123% to 166% targetThe following statements are of my own opinion and should not be relied upon as Financial Advise
=> Descending Triangle on the Daily - approaching resistance - if it has a breakout in the next few days, it would reflect a price target of ~$5.20 (123% trade)
=> 20, 55 & 34 EMAs are all coiled up and held as support (bullish)
=> Handle extended on cup & handle - price target of ~$6.20 (166% trade)
=> GL if you follow
How is about to get a ticket to fly with AUDIO/USDT?Finally AUDIOS gets out of the long-term triangle and after 30 days of fooling around support zone, the price can breaks the downtrend.
It seems the price looses it's momentum and we should be prepare to enter a long on a pullback to green zone (calculated based on fibo levels) which is in a demand zone on hr 1.
Target will be around 3.0$ and a beautiful close below the red area will fail our analysis
Farewell.