#AUDIO Bulls Getting Ready for a Massive Bull Wave | Key Levels
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Yello Paradisers! Are you keeping an eye on #AUDIOUSDT or not? If not, you might want to start now because #Audius is showing some textbook Elliott Wave patterns that could signal either a massive breakout or a steep drop:
đź’ŽCurrently, #AUDIO is in a corrective phase following its five-wave impulsive rally (1-2-3-4-5). The price has been moving within a descending channel, with a clear A-B-C correction pattern in play. Wave A initiated the downtrend, Wave B formed a lower high at resistance, and Wave C is now approaching a key demand zone around $0.0942. If the price finds support here, we could see the beginning of a new bullish impulse.
💎For bulls to regain control, #AUDIOUSD must break above the descending resistance, currently. A clean breakout here would likely trigger an impulsive rally, pushing toward the major resistance zone at $0.13. But don’t get ahead of yourself. Without this breakout, the bulls remain on shaky ground.
đź’ŽA breakout above $0.13 will be the confirmation of bullish momentum. If #AUDIO reclaims this level, the next target will be the $0.22-$0.24 resistance zone, offering a solid upside potential.
đź’ŽThe $0.0942-$0.09 zone is the critical demand area. We expect #AUDIOUSD to test this level before a potential rebound. If a bullish divergence appears on RSI and MACD, it could confirm the end of Wave C and the start of a new rally. However, if #AUDIO closes below this zone, the setup is invalid, and we may see further downside toward $0.06.
Stay focused, patient, and disciplined, Paradisers🥂
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.