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AUDIUS / USD PERPETUAL SWAP CONTRACT

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AUDIOUSDT.P trade ideas

🚀 #AUDIOUSDT: W Pattern and Channel Break Could ignite rally💎 Paradisers, #AUDIOUSDT could present a bullish move if it confirms the 'W' pattern. 💎 If #AUDIO breaks above the resistance level, it will not only confirm the 'W' pattern but also signal the breakout of the descending channel, enhancing the probability of a bullish move. 💎 If the price shows a pullback, it could potentially form a triple bottom from the demand zone, so be cautious in this area. 💎 However, if the price breaks down below the demand zone, it will invalidate the bullish signs. In that case, it would be better to wait for more favorable price action to develop.
by MyCryptoParadise_Nathan
AUDIOUSDT Breakout Alert! 🚀 Watch Weekly Close Confirmation! 📈💎 If AUDIOUSDT successfully breaks out above the specified area with a confirmed weekly candle close, it may signal continued upward momentum. 💎 In the event of a breakout above the resistance area followed by a proper retest, this could confirm the presence of a W pattern, increasing the likelihood of further upward movement towards the next resistance level. Should there be a pullback, a bounce from the bullish OB can be anticipated. 💎 However, if the price breaks down below the bullish OB, it would indicate a bearish market structure. In such a scenario, it may be prudent to avoid trading AUDIO until clearer price action emerges.
by MyCryptoParadise_Nathan
💡Don't miss the great buy opportunity in AUDIOUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.283). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDIOUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 68. Take Profits: TP1= @ 1.536 TP2= @ 1.688 TP3= @ 1.866 TP4= @ 2.134 TP5= @ 2.337 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
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