🔥 AUDIO Potential Bullish ReversalAUDIO has been trading in a strong bullish channel for a month now. Over the course of this month, AUDIO made over 1200% returns, making it one of the strongest crypto assets of the month.
Currently, the price is making its way towards the lower support of the channel, potentially rebounding from it soon. With BTC showing no signs of stopping any time soon, the outlook for the crypto market as a whole are fairly bullish. AUDIO is just lagging behind because it gained a lot in a short time span. Nevertheless, the interest in AUDIO is most definitely still there.
Happy trading!
AUDIOUSDT trade ideas
Audius $AUDIO approaching a point of interest in the next dayThe previous run up it bounced off the 50MA 4H several times after a bigger pump. It's seems to have found solid support at $3.20 and is approaching both the 50 MA and an older trendline. It passed through a more recent trendline and it could still drop to $3 quickly, but if you're looking for an entry, it does look like a good long opportunity (not financial advice :)).
AUDIO// Break & RetestAfter a strong bullish run up, AUDIO finally had a healthy pull back and is showing a good opportunity to enter or to add positions.
Not much explaining on this one, what I will say is, wait for one more confirming candle showing some strong volume. An example of this would be similar to the candle you will see in the preview of this post.
Elliot forecast Looks like there’s still a lot left in this bull run. Currently wave 3 in progress. After wave 4 correction another leg up with wave 5 to complete the full cycle. Then followed by ABC correction. Will be waiting for wave 4 to compete and go long on impulsive move at fibb level.
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AUDIO UP 1425% SINCE MY LONG CALL 3 MONTHS AGO!WOW. Remember that time back in January? When I told you to long AUDIO? When it was at 20cents???
I knew Audius was an exciting project that traders would want to get in on... but I did not expect it pop off this quickly! Up 1425% percent since that post, completely ignoring the market's recent short term downtrend.
So how do you trade this?
Honestly, I don't even know. It's not in my strategy to buy pumping small caps at ATH, especially when I'm already long...
A sensible trader would tell you to take some profits... but a sensible trader would also have told you that a month ago lol.
I'm a pro of selling too early, and I'm sure glad I resisted that instinct this time around. Even if I do take some profits, I plan to hold at least 50% of my bag long term.
AUDIO might keep up this momentum for a while, but I think we all know that roller coasters must drop eventually... just don't ask me when that will be lol
happy trades and Viva L'AUDIO!!!
CD
Same pattern but almost 2x profitThe idea is that on identical pattern (bull flag on daily charts) the instrument with the lowest $ value usually moves in percentage terms more than the instrument with the higher $ value.
In any case I like to add to the postion if on the way up the stop can be placed on the low of the day and new entries are possible at the POC line.
Still long on these two cryptos...
AUDIO LONG V1Audio (AUDIUS) is looking strong at the moment. Going for long term HODL on this one as well. Certainly going to have a slight pullback but overall i believe its going to reach $2.05 within the next few days. Described as the following: Audius is a decentralized music-sharing and streaming protocol that facilitates direct transactions between listeners and creators, giving everyone the freedom to distribute, monetize, and stream any audio content. Great project in my opinion. *This is not financial advice - Einvestments051
AUDIUS 240 MIN TFIn AUDIUS we see how the price is breaking the main resistance zone and we have a first clear target at 2.70 $.
- SCENARIO 1: Wait for the 4 hours candle to close at 17 H (Spain time), if it is a candle with body and a clear close we enter placing our stop at 1.60 $.
-SCENARIO 2: Wait for the break of the current resistance and wait again for the price to support the resistance, STL: 1.60 $.
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En AUDIUS vemos como el precio esta rompiendo la zona de resistencia principal y tenemos un primer objetivo claro en los 2,70 $
- ESCENARIO 1: Esperar a las 17 H (horario España) a que cierre la vela de 4 horas, si es una vela con cuerpo y cierre claro entramos situando nuestro stop en 1,60 $.
-ESCENARIO 2: Esperar la ruptura de la resistencia actual y esperar nuevamente a que el precio se apoye en dicha resistencia, STL: 1,60 $