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AUDIO / TetherUS

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AUDIOUSDT trade ideas

Audius with a potential breakout!Traders, Audius looks to be breaking out to the upside here. As reviewed in my previous altcoin video, we were in a bullish descending wedge. I wanted to see both a break above the topside of our descending wedge as well as a break above that level of resistance at .276 cents. Those two criteria have been met. So finally, I'd like to see a confirmation on the daily. We need to see a close above .276 and another candle both opening and closing above that same price. This would confirm the break. Now, to look for entry. Often after a breakout, price comes back to retest the upperside previous resistance. In this pattern, this ends up being the topside of our descending wedge. Once touched (after confirmation), this is where I would be looking to enter this particular trade. One thing I don't like, is that 50 day ma above us. This may dis-sway my enthusiasm in this trade a bit. Stay tuned. I will post if/when I do. Along with potential targets and SLs. Best, Stew
by stewdamus
Audio Is Ready To Make Some NoiceHere Is My Study On Audio. This analysis is for informational purposes only and should not be considered financial or investment advice. The information presented in this analysis is based on my own research and is subject to change without notice. The analysis is not a recommendation to buy or sell any specific cryptocurrency Stocks Or Forex, including This Pair. Please conduct your own research and consult with a financial advisor before making any investment decisions.
Long
by MoonTradingForecast