Should you buy Audio after the dip on Wednesday?

Audio has fallen by over 15% since Tuesday however buying in high volumes was seen on Wednesday.
Audio has formed a descending triangle, and a long can be taken at the demand zone at $1.9.
Targets can be set at $2.6,$3.1 and a new all-time high for investors willing for a longer period.

A huge fall was seen in numerous cryptocurrencies on Wednesday, coins were trading over 10% in the red and Audio (AUDIO/USD) was of them. Audio is trading over 10% lower this week and this could be a great opportunity to buy the dip.

A look at the chart for this month-

Should you enter Audio on Wednesday?

Conclusion

The dip is looking like a great reversal to buy Audio, however, investors must be patient and wait for a clear reversal as Audio could still break down from the crucial demand zone at $1.9.

However, if a reversal is seen this could be a great entry point and some great targets could be achieved in the coming weeks and months.