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...
We have a full bearish wave that is now being followed by a bullish one.
AUDIOBTC is forming kind of a like a cup pattern as we showed on TOMOBTC.
We use the indicators and signals to support our bias but the market moves in waves...
After a wave down a wave up follows...
The cycle repeats, it is very easy...
We just have to watch and wait.
Once we see charts...
price is inside weekly triangle and broke out from descending resistance.
🐮 after pullback to broken line price can head up to upper line of triangle and break out from upper line of triangle can increase price to around 8000sats.
Trying to reclaim ~3500 sats level back to support after the 30% recovery over the last 5 days..
Aiming for a potential flip as signal of continuation while volume has been increasing over the same period
UCTS signalling the 1D Buy signal as well
Wait for it
To start, there's along upward trend line that forms a huge ascending triangle. Second, the price action of the bars on mid July to early August looks eerily similar to the bars of late August to early September. The only difference is that the latter was a bigger replica. Before the surge, volume was low AF. Rn, while the volume is low, I entered at 3800 sats...
Overall uptrend, though. only on the large (macro) timeframes no real breakthrough seen yet.
So potentially is great, we'll let the time and price action do its thing further.
This is not Financial Advice, and always do your own research. According to our multi-layer system, we arrive at nice safe entery points, stops and takeprofit points.
I like this chart
LEFT one is 1H
fib retraced to golden pocket
RIGHT one is 4H
BOX is first inside candle after big recess
lands perfectly in GOLDEN POCKET
put SL below box @ .786 (5862 sats)
AUDIOBTC (Audius) is the next altcoin to move really strong as we saw with TRU, IOTX, REQ, LUNA, POLS and others... This is now a pattern that is starting to repeat.
I'll repeat/share my theory here in full about what will happen with the altcoins for the last time before this bullish wave goes in full force but let's focus on the AUDIOBTC chart first.
Looking strong on the daily again(~25%) after the 50% candle yesterday
Making a HH by a few sats already
Volume remaining strong while UCTS is bullish on
multiple timeframes. (~70% since 1D Buy signal)
Potential R/S flip on the 8H
Let it run
Audio the future of music has showing strong upside recently, I see a break out of the bull flag following to a retest and continue to the upside looking for a new ATH.
Please share your ideas.
broke out from resistance and touched the 0.382 fib level, if price come down from here for retest it will be more profitable.
but if price go up to touch other levels it will be the end of this coin.
so if you have this coin take profit and hold a very small amount :
1. wait for retest to buy more
2. if touched other levels take profit and close it
I mostly trade/post about AUDIO/USDT, but keep an eye on AUDIO/BTC as well - There's a possible Inverse H&S pattern forming at previous support, as well as a possible rising channel that could provide some easy scalp trades if that continues to be respected. If it breaks out from the channel, the red lines are targets.
Remember - the coins you really wanna buy...