AUDIOUSD
🎶AUDIO is warming up- macro bottomAUDIO is now trading close to the macro dynamic support, inside of a 2-month long descending formation. The chart itself is pretty clean. The price has been respecting levels very nicely so far, it should be an easy one to trade. The highlighted green boxes are the current areas of interest for scaling in (those will change depending on what happens next)
Long-term targets:
TP1: 2.57
TP2: 3.10
TP3: 3.69
TP4: 5.01 (~140%)
TP5: OPEN++
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About AUDIO:
Audius is a blockchain-powered, decentralized music streaming service with social media features. It's owned and run by an open-source community of artists, fans, and developers, and has its own crypto token, AUDIO.
$AUDIO enables network security, exclusive feature access, and community-owned governance. The Audius protocol gives everyone the freedom to share, monetize, and listen to any audio. Thanks to $AUDIO, our users can earn a voice in the platform’s future through active contributions to the network.
Source: decrypt
AUDIO/USD - 1D LONG => 123% to 166% targetThe following statements are of my own opinion and should not be relied upon as Financial Advise
=> Descending Triangle on the Daily - approaching resistance - if it has a breakout in the next few days, it would reflect a price target of ~$5.20 (123% trade)
=> 20, 55 & 34 EMAs are all coiled up and held as support (bullish)
=> Handle extended on cup & handle - price target of ~$6.20 (166% trade)
=> GL if you follow
How is about to get a ticket to fly with AUDIO/USDT?Finally AUDIOS gets out of the long-term triangle and after 30 days of fooling around support zone, the price can breaks the downtrend.
It seems the price looses it's momentum and we should be prepare to enter a long on a pullback to green zone (calculated based on fibo levels) which is in a demand zone on hr 1.
Target will be around 3.0$ and a beautiful close below the red area will fail our analysis
Farewell.
AUDIO/USDT BUY SIGNALThere is a possibilyty that cryptos bottomed out. If this is the case AUDIO could be one of the best performers in the coming days. But we only look at the short term opportunity at this stage.
$AUDIO lookin bullish lately$AUDIO is the native coin for the Audius platform, a rising music streaming service similar to SoundCloud where users can upload their own tracks and curate playlists, sharing their love of music with the world.
The platform is built on blockchain technology, giving its users the power to grow the community and make it better along the way. Recently it was announced that the service is migrating to the Solana network to handle it's growth. This is breaking new ground and major artists have begun flocking to Audius, making this a solid project imo.
Price has been bouncing between $2.50 and $3 the last few weeks, but more recently it seems to wanna push harder to $3.
If it can get to $2.90 and break past that resistance level we may see $3. If it holds at $3 could see it go even higher given all the major news recently.
We shall see