AUDIOUSDT trade ideas
AUDIO MACRO ANALYSIS: The music has stopped playing, for now....The entire alt coin market is at the mercy of BTC right now, and as long as BTC Dominance trends higher, Alts will not be very profitable, except for short term trading.
In general, I do not hold altcoins during downtrends. Even when you think they can't go any lower: they can.
**IF YOU ARE looking to reenter or buy more AUDIO, however, I would wait for the price to break above the macro trend line acting as resistance. Paired with a break above the 200 SMA (and a rally for BTC) should shift momentum to the upside.
Audius is still a great project with a lot of potential. Do not think for a second that the severe retrace in the price of AUDIO is based on the viability of the Audius project.
The volatility is simply a feature of alt coin markets, which the Audius devs surely realized when they made Audio available for trading.
Traders certainly had their way with AUDIO, and hopefully my artist friends secured some profits too.
I don't see the Audius team giving up any time soon, so if and when the bull market cycle restarts, AUDIO will definitely be one to watch, and may be a good one to buy and hold onto if the price continues to decline in the short/mid term.
happy trades,
CD
#AUDIO $AUDIO Have placed Two scenarios i am looking on it right now !
1. SCEANRIO 1 :
Three Tap setup where a low was formed and the lows were swept and looking for a retest to confirm the lows ! I need confirmation and that would be reclaim of the gray resistance marked ! and Blue Dot would be my long entry for Scenario 1
2. SCENARIO 2 :
The reason i am looking for Scenario 2 one it looks like a bearish retest of a failed support ; two the price bounced in no mans lands that there was no support or logical area for the price to find its bottom ! For scenario 2 i am liing for a long at the demand block below and marked a blue dot !
🆓Audius (AUDIO) July-8 #AUDIO $AUDIOAUDIO is being rejected at the $1 zone and is heading back to the $0.8 zone, it's still an important support zone and if it doesn't lose this zone it will continue to rise towards the $1.2 and $1.6 zone by the end. this July. But if it loses this $0.8 zone, then AUDIO still has 2 reliable support zones at $0.7 and $0.6.
📈BUY
🔴Buy : 0.78-0.82$. SL if B
📉SELL
🔴Sell : 1.17-1.23$. SL if A
🔴Sell : 1.56-1.64$. SL if A
♻️BACK-UP
🔵Sell : 0.78-0.82$ if B. SL if A
🔵Buy : 0.68-0.72$. SL if B
🔵Buy : 0.585-0.615$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
AUDIO/USDT Downwards trendline broken. 100MA as next targetAUDIO broke out of the downwards trend indicated with the yellow line.
The volume is very low and AUDIO has a hard time recovering also with the 100MA just above acting as new resistance.
Once the 100MA is crossed more investors are likely to turn bullish again and with it the volume will rise.
Middle target is 2.7$ and the ATH target is around 4$.
Audius in contrast to other music plattforms gives the money to the content producers.
Checkout their Twitter page:
twitter.com
and their webpage:
audius.co
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
AUDIO/USDT BEST TIME TO BUY/HODL% PROFIT Hello Everyone, If You Like The Idea, Do Not Forget To Support With A Like And Comment .
If You Want To See Any Coins Technical Analyse Put The Name On Comment .
Im Waiting 2nd Leg On AUDIO . If It Will Go Major Support Its Cool For Me Im Going TO Add More And Gain More Profit . But Its Sitting To My Long Term Buy Zone So I Cant Change My Strategy 🤑🤑🤑
Note : Its Long Time Market Dont Allow Good Buy Opportunities To Buy Alts And HODL . Alts Doesn't Have Deep So No One Can Catch The Dip If BTC Break 30K . Im Going To Add Coins To My Bag Which Entered Long Term Buy Zone With Using Strategy Sell 50% On Every 100% Profit .
Warning : This LvLs Are Gate Of New Session So Don’t Enter Altcoins All In . Personally Planning Bought Alts With 20% Portfolio .
Important : Please Use RM (Risk Management) and MM (Money Management) If You Decide To Use My Ideas, There Will Always Be Unprofitable Ideas, This Will Definitely Happen, The Goal Of The System Is That There Will Be More Profitable Ideas At A Distance.
AUDIO/USDT Moving into range range. Breakout ahead?AUDIO found support at the green line and did follow the downwards trend indicated by the violet line.
We are looking at a decisive moment where we probably see a disrupting move.
AUDIO has a great usecase since music is all over the place.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.