After a HUGE rally that lasted untill the end of March, AUDIO is catching his breath and preparing for the next move. Looking at the 4H timeframe, AUDIO corrected untill its 60% retracement and has developed a descending-wedge formation. We are currently waiting the conclusive price-action and volume that will validate a breakout above the boundary of this structure. When looking at the larger picture, a potential ascending trinagle is forming (still to be confirmed). After breaking out this triangle formation other important key levels can be tested.
Fundamentals: > Announcement of Audius Collectibles > Rising artist parterships > Solid team & hiring
In case we fall below the lower grey trendline that acts as support, above set-up will be invald
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Thanks in advance.