Hello traders, this is my idea on AUDIO/USD support and resistance levels on the daily time frame.
We have the support area and as long as this holds , the price will try to turn the resistance area into support once again.
The reverse hummer at support usually is a good thing.
The RSI indicator also has a support area at around 42
Volume 24h: $25,033,535
Opul is a music and creator focused token. I am bullish long term on the project overall due to being on the Algorand network, the connection with Yieldly, and that artists will always find the best ways to earn more!
Here are the fib extensions from highest high and lowest low as a framework for viewing larger zones.
Their website describes the project as -...
$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...
By now there should be denying the extent to which NFTs are driving the crypto markets presently. After a lot of skepticism from some parts of the community and a summer lull brought about mainly from the bitcoin sell-off in May, NFTs are back in the limelight and continuing to inspire people within and outside of the cryptoverse.
Currently the main focus remains...
Fundamentally there was great growth in 2020 and this year.
Now I am going to list the pro and cons of this company.
-a lot innovation for example in gaming->VR, PS5 ; streaming-> Crunchyroll
Music (5% growth), electronics 9,4% , Imaging & Sensing over 10%
-right in a support field
-exactly at under trend line of the triangle ->since May, 21 +...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team entered into $SNE at 92.33 after its correction from $118...
Head And Shoulders Pattern (not confirmed)
At the moment we have the 400 SMA support and right below that the 220.56$ support line (neckline).
As long as we have no closed candle under the neckline we don’t need to worry about lower prices.
If we get a closed candle under the neckline we could have a bullish-to-bearish trend reversal.
AUDIO broke out of the downwards trend indicated with the yellow line.
The volume is very low and AUDIO has a hard time recovering also with the 100MA just above acting as new resistance.
Once the 100MA is crossed more investors are likely to turn bullish again and with it the volume will rise.
Middle target is 2.7$ and the ATH target is around 4$.
One of our picks for second quarter 2021, CELO, has managed to more than double during our short break.
What is Celo?
Celo uses your phone number as your wallet's public key to make it easy to send money to your phone’s contacts. Super!
We knew that fundamentally the project ahs GREAT potential and the good news keep coming:
I've been reluctant to put this out there, but honestly, I've been working on it for quite some time now and need help from musicians/day-traders who have their feet in both worlds.
As a musician, I sometimes compose in what is called a MIDI roll. I'm often struck by how music (in a midi-roll) looks like a securities chart. The price of a security (like BTC)...
Hello dear readers,
In the last TENCENT Music analysis , I also talked about the reasons for the massive sell-off in Tencent and then created a trading plan.
Now the price is in the buy zone and I will build a long position. The reasons are:
- The sell-off was triggered by a Blackswan event.
- The price is at a strong cross support of golden pocket, trend...
After posting some educational content, it's been amazing the conversations that have flooded in. Ranging from questions, requests and just general chit chat.
One of the hot topics for beginners has been the use and understanding of Fibonacci levels. So I want to share this and ask.
What kind of music do you listen to whilst trading? I saw a trade idea posted...
Look, we're not going to be having arena concerts until next summer if we're fortunate.
The fact is revenue will decline sharply in the coming weeks, and this stock will follow suit. Over the next month, the graph may range and drop, then range before dropping again, so now is the time to short this bear swing and follow it all the way down to 2014...
Contextual immersion trading strategy idea.
LiveXLive Media, Inc., a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, and music-related streaming and video content.
On 29 May the company announced the launch of the virtual music festival "Music Lives ON". It causes a rise in the share price of the...