Given the good support for the $ 2 price support, which has been accompanied by an increase in volume, we can expect the price to rise to around $ 4 with a reasonable profit-loss ratio, and if demand increases, there will be higher targets for this currency.
As you see, the price is forming a triangle pattern in daily projection time. Also, the price is capable of touching the next targets ahead as marked on the chart, in my point of view. just firstly it should pass the downtrend line. pay attention please, It is strongly recommended to buy in a step-by-step manner. As always, it's not an investment suggestion....
Audius is a decentralized music-sharing and streaming protocol that facilitates direct transactions between listeners and creators, giving everyone the freedom to distribute, monetize, and stream any audio content.
Short Term: 3.60
Mid Term: 5.50
Long Term: 115
AUDIO is attempting to breakout of this pennant formation, the range is clearly tightening coiling up for a breakout however we need to see a daily close above the horizontal resistance for a entry confirmation.
💎 AUDIOUSDT has been supported by the significant support zone. It has also has been making HLs on the higher TF which formed a descending triangle. After the breakout it is expected to go higher
🏁 Short Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 2.045 - 2.100
☕️ TP1 2.300
🍺 TP2 2.400
🍻 TP3 2.500
AUDIO is now trading close to the macro dynamic support, inside of a 2-month long descending formation. The chart itself is pretty clean. The price has been respecting levels very nicely so far, it should be an easy one to trade. The highlighted green boxes are the current areas of interest for scaling in (those will change depending on what happens...
- AUDIO/USDT is bounded in the descending triangle.
- Price is testing the descending triangle's inclined resistance as well.
- There's a breakout potential above the descending triangle's inclined resistance.
- This breakout can be seen as a bullish signal.
BUY ENTRY ⬆️
- Breakout above the descending triangle's inclined resistance.
AUDIO is currently consolidating under the 0.618 since early September, it is ready for its next parabolic move when the ALTS start running.
Based on the ELLIOT WAVE THEORY , I can see the next PARABOLIC move with a blow off top reaching between 1.618-2.272 @ $18-70
The 5th wave will be so Euphoric with a Exponential growth curve.
- Audius - AUDIO Rank #221, Volume 24h $23,243,503.
- The price is forming an head and shoudlers pattern on the daily chart!
- Currently the price is above the 200 Moving average!
- ALL TIME HIGH resistance is the first target, but i belieave we can do much more.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk...
In this analysis, I used the Alligator strategy to get a buy position. In this analyze I've used Fractal and Alligator Indicators and Awesome Oscillator in the same time. Please attention to the Stop Loss price.