$AUDIO Yello Paradisers! Are you keeping an eye on
#AUDIOUSDT or not? If not, you might want to start now because #Audius is showing some textbook Elliott Wave patterns that could signal either a massive breakout or a steep drop:
๐Currently,
#AUDIO is in a corrective phase following its five-wave impulsive rally (1-2-3-4-5). The price has been moving within a descending channel, with a clear A-B-C correction pattern in play. Wave A initiated the downtrend, Wave B formed a lower high at resistance, and Wave C is now approaching a key demand zone around $0.0942. If the price finds support here, we could see the beginning of a new bullish impulse.
๐For bulls to regain control,
#AUDIOUSD must break above the descending resistance, currently. A clean breakout here would likely trigger an impulsive rally, pushing toward the major resistance zone at $0.13. But donโt get ahead of yourself. Without this breakout, the bulls remain on shaky ground.
๐A breakout above $0.13 will be the confirmation of bullish momentum. If
#AUDIO reclaims this level, the next target will be the $0.22-$0.24 resistance zone, offering a solid upside potential.
๐The $0.0942-$0.09 zone is the critical demand area. We expect
#AUDIOUSD to test this level before a potential rebound. If a bullish divergence appears on RSI and MACD, it could confirm the end of Wave C and the start of a new rally. However, if
#AUDIO closes below this zone, the setup is invalid, and we may see further downside toward $0.06.
Stay focused, patient, and disciplined, Paradisers๐ฅ