AUDIOUSD
AUDIOUSD broke above the Bear Cycle Lower Highs and the 1D MA200The AUDIO token (AUDIOUSD) broke today above the Lower Highs trend-line that was formed on November 18 2021, effectively being the declining Resistance that shaped the trend of the Bear Cycle. Today's move is a major confirmation of the new Bull Cycle as it also broke above the 1D MA200 (orange trend-line) for the first time since April 05 2022.
The 1W RSI is still on neutral levels, indicating that there is still significant miles left on the current uptrend. We may see the first pull-back soon though as the price is approaching a major Resistance cluster, the 1W MA50 (red trend-line) and the 0.382 Fibonacci level, which was a long-term rejection zone from May 11 to August 11 2022. From that point onwards, every lower Fibonacci level is a potential Support and every upper is a target. Our major target on a 4 month basis is 1.1000, which is the 0.618 Fib (Golden ratio).
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🟢 AUDIOUSDT - 1D (25.09.2022)🟢 AUDIOUSDT
TF: 1D
Side: Long
Pattern: Falling Wedge
SL: $0.18462
Leverage: 5x
TP 1: $0.26253
TP 2: $0.29627
TP 3: $0.32354
Can enter now and DCA if needed or wait until the price is in red area.
RSI on daily time frame looks bottomed. MACD cross is also imminent. If BTC pumps this will go crazy.
AUDIO/USDT uptrend continues...We have mentioned in our GLMR/USDT analysis that once we hit the entry price for the buy signal, the overall crypto correction should be over.
Now, considering that AUDIO is printing new HH and remains above the trendline, the probability of further price increase remains high.
AUDIO buy zoneLooking to take longs on a higher low here for AUDIO. Not a chart I am that familiar with tbh, and there doesn't seem to feel like there is much volume going on at all.
Overhead resistance is like a double line. Open to comments on this, the higher line basically touches the wicks of the preceding price action and then the lower resistance catches more touches.
Consolidation here before breaking out. There's a sort of double bottom pattern with a tiny left shoulder of an inverse head and shoulders. Patience whilst the right should forms.
AUDIO - Nice local longReasons to take long:
⭐️ BTC locally bullish
⭐️ Accumulation 11 days
⭐️ Level visible on multiple timeframes
⭐️ Level is 6d old
⭐️ We are in the end of formation
⭐️ 4th touch
⭐️ Slowly squeezing to the level
⭐️ Under VWAP
⭐️ 30 ATR
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
2% - 1/3
4% - 1/3, stoploss to breakeven
What's left, hold to the maximum
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$AUDIO: AS SIMPLE AS THISFor those who don't know Audius, here is a snippet from CMC: Audius is a decentralized music streaming protocol initially built on POA network, but now living on Solana. Audius was launched to remedy the inefficiencies of the music industry, which is plagued by intransparent music rights ownership and intermediaries standing between artists and their audience.
Taking this trade gives you a RRR of 1:8 which is insane, risking 1% of your account for 8% potential reward is a less-stress investment.
Also, for this setup to play out we need this $BTC scenario, Trapping traders who are waiting for the breakout of this bear flag by bouncing from the weekly up trend.
For USDT dominance, it is in ATH which indicates a reversal for $BTC price:
Good luck everyone 🏆
AUDIO🎵 inverted H&SAudius is forming Inverted Head and Shoulders 🤷. If price breaks the the Neckline 1.283 I think there is chance for run to 1.91 and even higher. Turn up the volume, play it loud!🔊
ENTRY : local high @ 1.325
STOPLOSS (SL) : Right Shoulder @ 0.966
TARGET (TP) : Inverted H&S target projection @ 1.91
REWARD RISK RATIO (RRR) : 1.6
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Head and Shoulders pattern on AUDIOUSDTBased on technical factors there is a short position in :
📊 AUDIOUSDT Audius
🔴 Short Now 0.910
🧯 Stop loss 1.060
🏹 Target 1 0.850
🏹 Target 2 0.670
🏹 Target 3 0.470
💸Capital : 1%
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Audius Update: Last line of support or else we will go $0.65The stock market is at the verge of crash.
Another man-made crisis has been leading us the biggest bubble since 2008-2009.
Housing bubble.
Stock bubble.
Central bank is turning off printing cash machines.
Satoshi Nakamoto has foreseen this crisis and the birth of Bitcoin happened.
However, we are at the junction of either Bitcoin decouple from stock market and becoming the world reserve or will crash to the oblivion with stock market.
Leading us to another long year of recession.
All of TAs for Altcoin is irrelevant when Bitcoin decided to change direction.
Prepare ourselves for what is coming.
NFA
AUDIO Scalp! ⭐️⭐️⭐️⭐️- Bullish BTC
- Bullish trend
- Formation >400 bars
- There is a squeeze to the level and acceleration
- 3rd touch
- The glass is live
- The base is almost ready
Close by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
The rest we keep to reach maximum potential
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Audits - Target confirmation - Interesting for the high breakoutHello trading friends,
This is an extra update for AUDIOBTC with the last confirmation trends.
This coin can become the top day trade coin - this depends on the TA trends that it shows.
2 USD + are a target for the audit. With a high breakout trend, it could be more.
The interest in this coin is that the volume is also increasing against BTC - which means it is more interesting to follow the trends.
Same time don't expect to fast price changes, it's going on their way and it can take some time - further, there is no reason to enter any coin directly.
Have good time
# This is not a trading call - trade only depending on your setups.
AUDIO - on interesting trend depending on TA - 2 usd + TargetHello trading friends,
As most markets are into breakdown trends depending on the low time frame - Audio shows to have some trends that could make it possible to increase.
This trend study depends on TA.
The main expectation is that BTC will have a re-test also depending on the last trends and main updates.
BTC can have some breakdown trend depending on low time frame - but its about main trend
Have good time
This is not a trading call - And trade only depends on your setups.
Same time altcoins can change fast, for this reason, know when to take profits.
💡Don't miss the great buy opportunity in AUDIOUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.283).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDIOUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 1.536
TP2= @ 1.688
TP3= @ 1.866
TP4= @ 2.134
TP5= @ 2.337
SL= Break below S2
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💡Don't miss the great buy opportunity in AUDIOUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.283).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDIOUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 1.536
TP2= @ 1.688
TP3= @ 1.866
TP4= @ 2.134
TP5= @ 2.337
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️