The market may have sold off a bit, and technically this was due, but nothing has changed fundamentally about Audius/$AUDIO since my last chart.
Still projecting $AUDIO to bounce hard of it's recent low around $1.41 (a clear oversold level) to break the previous ATH of $5 and on to the fib line in the $12 - $13 range by mid June!
$AUDIO staking yields are still...
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...
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...
After a blowoff top at $4.96 this has dropped all the way back to a low of $1.43 and is now showing some signs of life. On the lower time frames it's printing good volume as it crosses the 200 SMA, also we see an EMA crossover playing out. On the higher time frames it could be forming a base around the .702 Reload Zone Fib (find the HXRO Labs Youtube on Reload...
This is a great run for $AUDIO and I think it will continue to climb. There might be some occasional dumps (expirations, etc.) coming up but that is nothing to be worried about IMO. #DYOR
Disclosure: Author of this idea holds $AUDIO.
Continuation pattern forming on both USD and BTC pair for AUDIUS..
Could see a continuation of uptrend soon.
MFI is oversold, RSI looks like it's finding some support.
Stochastic RSI price action is flat, looking for a crossover and move above 20 there (not displayed here), would wait for confirmation of these factors and a break to the...
NOT a financial advice.
Holy trinity long setup:
D1 Kijun ($2.6)
-50% haircut from the top ($2.5)
Previous high ($2.05)
Ideally the lowest of those 3 would be preferable, but let's take whatever the market gives us.
I've been invested in $AUDIO since it was trading for 25 cents and still holding every coin while staking for 35-40% annual yield! It doesn't get any better than this and yet, there's STILL much more room to run with this coin!
Aside from a great technical setup, things still to look forward to over the next several months for $AUDIO are the following:
I like this dApp, this one is a true competitor to Spotify and Apple music and even Sound Cloud.
Great to see projects like Wink, Tetha and Audio brining traditional apps we use on daily basis to decentralization.
I am a great supported of Audius and waiting for the project as well as it's token to skyrocket.