AUDIOUSDT , SYMMETRICAL TRIANGLE , ASCENDING CHANNEL
Hello Traders !
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- Showing AUDIOUSDT pair is bouncing on level support 1.1$ - 1.2$ , sellers are still in control and it suggest that they are selling on each rallies , buyers need to defend this support level if failed price could reach last support on
0.5$-0.6$ which is a possible entry for buyers to take price higher from there.
- Until now based on our 1D time frame chart we need to see buyers breaking local resistance around 1.5$ where 20-day EMA exist in order for the pair to reach level resistance 1.9$ - 2.0$ where EMA 200 stands and acting as dynamic
resistance . A breakout from this symmetrical triangle is needed after confirmation which could take the price higher reaching target 4.1$ . The movement
preceding the triangle's formation is bullish so the continuation pattern should be bullish as well overall
- AUDIOUSDT is Bullish acting inside an ascending channel on weekly time frame chart making higher lowers and higher highs, until now we still in bearish market , MACD is flashing Red and Stochastic is still around oversold territory.
Good Luck Traders!
- Please push the like button if you like the content or drop a comment to share your idea!
- Showing AUDIOUSDT pair is bouncing on level support 1.1$ - 1.2$ , sellers are still in control and it suggest that they are selling on each rallies , buyers need to defend this support level if failed price could reach last support on
0.5$-0.6$ which is a possible entry for buyers to take price higher from there.
- Until now based on our 1D time frame chart we need to see buyers breaking local resistance around 1.5$ where 20-day EMA exist in order for the pair to reach level resistance 1.9$ - 2.0$ where EMA 200 stands and acting as dynamic
resistance . A breakout from this symmetrical triangle is needed after confirmation which could take the price higher reaching target 4.1$ . The movement
preceding the triangle's formation is bullish so the continuation pattern should be bullish as well overall
- AUDIOUSDT is Bullish acting inside an ascending channel on weekly time frame chart making higher lowers and higher highs, until now we still in bearish market , MACD is flashing Red and Stochastic is still around oversold territory.
Good Luck Traders!