AUDIO Token: Price Prediction May 2021 - Potential 8x TargetsQuick update. We are wanting to close back above the significant structure on the daily & weekly for confirmation. However, everything else checks out. Regardless, there is a possibility it does not confirm dn in that instance the next daily support leg would be the 78% fib.
AUDIOUSDT trade ideas
AUDIOUSDT 70% retraceThe price of AUDIO almost did a 70% retracement from ATH and is showing bullish signs again.
Classic bullish divergence on the RSI 4H and reached the 0.883 retracement level at the PCZ of a bullish bat where we could see a reversal of the trend.
My trade setup:
Entry around $1.75-$1.8
Stop Loss below D at $1.55 to keep a RR ratio of 3/1 if you want to include the first TP other wise move your SL below X at $1.38 and only use the 2 other TP tagets to keep a RR ratio of 3/1
First TP at C: $2.55
Second TP at A : $3.09
Third TP at ATH : $4.9
I expect to see a rejection from the $2.1 resistance possible to current lvls or even below before breaking it and moving up another level to the first TP.
Market is very volatile atm because of BTC current price action so always use a SL
NFA, DYOR
AUDIO/USDT Potential 9R trade. Crypto analysis on AUDIO/USDT shared inside our portal and crypto channel. This coin has VERY strong fundamentals and we are huge believers in this project. They have the potential to steal a lot of market share away from the likes of Spotify and Apple Music.
In our opinion, AUDIO still has 100x potential from current prices, and might be something to consider in your Crypto portfolio.
This is not investment advice, please DYOR
AUDIOUSDT (AUDIUS) - BULLISH SETUPANALYSIS 🔎
- AUDIOUSDT hit an ATH and retraced for a retest of the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- The retracement was resisted by the descending trendline resistance (DTR-1).
- Price brokeout above the descending trendline resistance (DTR-1), this is a bullish signal.
- There's a potential formation of the bullish inverse head and shoulders (IH&S) pattern.
- Price hit a swing high and retraced (right shoulder formation).
- Price is retesting the descending trendline resistance (DTR-1), horizontal support level (S1) and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- The minor retracement at the right shoulder is resisted by the descending trendline resistance (DTR-2).
- Breakout above the descending trendline resistance (DTR-2) could lead to the test of inverse head and shoulders neckline resistance (complete formation of the inverse head and shoulders pattern).
- Further breakout above the inverse head and shoulders neckline resistance could be a bullish confirmation.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (DTR-2).
- Breakout above the inverse head and shoulders neckline resistance (NR).
TARGETS 🎯
- All Time High ( ATH ) resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Initial invalidation : breakdown below 0.786 fibonacci retracement level.
- Final invalidation : breakdown below previous swing low horizontal support level (S2).
AUDIO will break the down trendAUDIO in a down trend for one and half months and It's trying to break this down trend. 4 days ago tried the break the down trend and reached 3$ level if It break the down trend our first target is 4.5$
Resistances specified with red horizontal lines.
Target Point : 4.5$
Have a good day.
Important Note: This idea doesn't include any financial advice. Take your own risk. I'm just a schizophrenic guy who is talking with himself.
AUDIO killed the radio star 2Guys, it's pumpseason and I would say that the Audius 🎵 is going to have another pump⛽ soon! AUDIO seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 3.28 and even higher.
ENTRY : local high @ 2.462
SL : local low @ 2.33
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LMIT - SL) @ 3.28
RRR : 6.2
INVALIDATION : when SL level hit
Like👍 & Enjoy📺!
FORTUNE TELLER ~ AUDIO/USDT PREDICTION... (Just for fun)Trading isn't predicting. I know I'm setting myself up for failure here, but as the title indicates THIS IS JUST FOR FUN - NOT FINANCIAL ADVICE!!!
Contrary to popular belief, I cannot predict the future.
But I think there's a strong possibility AUDIO (and a number of other alts) are currently in a re-accumulation phase, building towards another run up...
If true, I would predict that AUDIO'S PA is going to continue to be affected by the resistance zone.
I DON'T expect the curve I drew to hold up perfectly. Audio may even continue ranging for a while and invalidate the timing of this prediction.
we shall see......
I just hope you realize......
that since I posted this.... Audio is probably going to crash instead XD
happy trades guys and gals
CD