Audio
AUDIO descending channelLooks like AUDIO found a local bottom at 2.318, tested it twice and it bounced up from it. there is more room left in this big descending triangle formed some 10 days ago. The descending channel inside of it will be out of space in 2 days, so AUDIO will either break up or lose that support. MACD looks like it's time for some upside movement. If entering long, watch for confirmation like a break from this descending trendline RSI has formed and increased volume. Set alarms because this could take some time. Good luck traders.
AUDIO USDTAUDIO USDT seems like make a big cup and handle pattern on the daily time frame, and now it is in the support area around 2.27. As long as AUDIO can maintain this area, then the nearest target is 4 and if it breakout from 4 ( cup and handle neckline area) then the cup and handle targer price is around 7.5 - 7.7
BTT has a chance to break outWith a bounce off the 200 day MA and testing the resistance trendline I am hoping to see BTT finally get some volume and break out of this falling wedge. A closed candle above will be super bullish.
AUDIO, descending channelAudio in descending channel, more chance to break up than down. Could we see another retest of the lower level, sure it's possible. BTC another drop-down most certainly would help that. If this could be the case we can take nice SHORT trade, support line of this channel or previous low level should be our first short target. The volume of this move up is falling, so this trend getting weaker. Audio is a nice mover so it's worth setting alarms for this...
AUDIOUSD Technical Analysis
Welcome back Traders, Investors, and Community!
AUDIOUSD on H1 has broken above the resistance and also the triangle. It is expected to go higher.
⬆️Buy now or Buy at 2.81834426
⭕️SL @ 2.55720239
✅TP1 @ 3.21761628
✅TP2 @ 3.42949998
✅TP3 @ 3.64888021
✅TP4 @ 3.80558038
✅TP5 @ 3.95183387
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AUDIO... Watch out below... Possible breakdown on the horizonHello Traders,
Audio... looks to be running into massive sell pressure, which should force it to breakdown to the $1.7 range +/-.
Though, if we get another explosion of buying happening we could possibly break upwards but over the short-term, I don't see this happening.
If you bought Audio a while back and you're in a good position, this may not mean a lot to you.
I got in on Audio around $.62 and plan to hold until it breaks $8-$12+, however long that takes.
Good luck!
Audio in ascending channelWe published AUDIO update on 31. Jul, since then nice LONG entry, was on 04. Avg, and we are in profits 60% so far. Since then, AUDIO has established this nice ascending channel. The million $ question is when and in which direction this channel will be broken. At least for now it looks like we are going to test the lower trend line of this channel. RSI on 1h looking down and MACD lines looks like wants to make death cross... But the volume of this falling move weakens and we also have previous high which now acts as support. Set your levels and wait for the next nice move...
AUDIO bullish, "Touch and Go"The trading channel is a powerful yet often overlooked chart pattern and combines several forms of technical analysis to provide traders with potential points for entering and exiting trades, as well as controlling risk. The first step is to learn how to identify channels. The next steps include determining where and when to enter a trade, where to place stop-loss orders, and where to take profits.
I attached AUDIO daily chart as example as it is forming a channel since last November. I traded this crypto pair a lot of times during this run with different indicators, but one could simply follow the support and resistance levels to indicate entry/exit points. Trading channels are a quite useful in graphically depicting support and resistance levels and traders often rely on them in identifying optimal levels to buy or sell a specified security. I marked a couple of entry points and as long as AUDIO keeps moving inside of channel and above support line, any touch of the line can be a good buy. “Touch and go” strategy, leaving position run to the upside resistance, selling on top, buying back lower.
AUDIO is moving inside of an ascending channel, which is drawn from two positive sloping lines at the resistance and support levels of a price series chart. This channel shows a bullish trend. As longer we are in trend, there is nothing to worry about. Trend is your friend. (Not FA)
AUDIOUSDT { AUDIO } - BULLISH SETUPANALYSIS 🔎
- AUDIOUSDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@1.4494)
- Limit entry: test of the ascending triangle's inclined support.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
AUDIO near breakout or another retest?Audio is just under the previous rejection level. We could see a breakout soon, but also we should keep in mind that RSI is high already and that volume is falling, so there is a real chance that before breakout we could see some kind of pullback, could be as low as the previous support level... Traders who entered this based on my previous chart are no about 32% in profit. Keep an eye on this, could be easy trade...
TURN UP THE VOLUME! AUDIO COMEBACK! HOPIUM CURVE HOLDS STRONG!Kinda shocking but AUDIO has in fact been a top gainer on Binance recently!
Also shocking that the ironically titled "Hopium Curve" I drew when it was still in a downtrend has held strong!! (see chart linked below)
AUDIO is clearly trying to pull a macro trend reversal here and it's a beautiful thing for what is essentially an airdrop token that the AUDIUS team uses to support artists now and then XD
200SMA is currently acting as resistance, but if AUDIO can break above that - Look for parabolic upside and an eventual retest of the previous "Resistance zone"
happy trades,
CD
AUDIO/USDT Volume increase as early sign of recovery?The analysis will be similar for most coins at their current state so don't be upset if the phrases are the same.^^
We see an increase in volume which signs a rise in interest.
The purple line shows that we are in an upward movement with higher highs and higher lows.
Recently a cross between the 50MA and the 200MA occured where finally the 50MA is on top again.
These are early signs of a trend reversal which is not confirmed yet.
However, one might take this as a great buy opportunity.
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.
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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.