The Tide May Be Shifting for Audius as it Crosses Below Its 20 Day Moving Average

The Hourly View for Audius

  • At the moment, AUDIO’s price is up $0 (0.19%) from the hour prior.
  • It’s been a feast for bulls operating on an hourly timeframe, as Audius has now gone up 5 of the past 5 hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Audius’s hourly price chart is shown below.

AUDIO

The Daily View for Audius

  • Currently, AUDIO’s price is up $0.03 (7.44%) from the day prior.
  • Audius has seen its price go up 5 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them with price now being above it. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence between AUDIO’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in AUDIO’s price.

Below is a daily price chart of Audius.

AUDIO

Featured Audius Commentary From Twitter

Listen to Jeff disagree with people!

(My audio gone done wonky, so I stepped back and answered questions via chat. Watch @ YouTube to see the chat replay too.) https://t.co/R65m78hNHBNA

EmilKalinowski