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AUDIO / TetherUS

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AUDIOUSDT trade ideas

Audius [AUDIO] Formation & potential outcomeHi everyone, After a HUGE rally that lasted untill the end of March, AUDIO is catching his breath and preparing for the next move. Looking at the 4H timeframe, AUDIO corrected untill its 60% retracement and has developed a descending-wedge formation. We are currently waiting the conclusive price-action and volume that will validate a breakout above the boundary of this structure. When looking at the larger picture, a potential ascending trinagle is forming (still to be confirmed). After breaking out this triangle formation other important key levels can be tested. Fundamentals: > Announcement of Audius Collectibles > Rising artist parterships > Solid team & hiring In case we fall below the lower grey trendline that acts as support, above set-up will be invald 🌜 If you enjoy this idea, please like and leave a comment 🌜 This is not financial advice
by M00N_BEAMS
8
🔥 AUDIO Strong Price Action After Bounce From SupportAUDIO is one of the big winners of the current bull-run, seeing more than 2500% profit in a mere two months. After hitting the $5 mark, however, AUDIO has seen some steep losses, losing almost 60% value in that process. Luckily for us, the price bounced off strongly from the bottom support line, potentially starting a new push upward. Seeing the current big bullish H4 candle, I'd say we've formed a higher low and are on our way to a higher high, classic bullish movement. Happy trading!
Long
by FieryTrading
58