So ARDR is another platform which I have some faith in. In my previous posts, I discuss the fact that I prefer functioning platforms. At this point, ARDR is not a functioning platform, but rather a token which is set to launch Q4 this year I believe. The reason I am still interested and invested in this platform is because of the team behind it. If you are familiar with NXT, Ardor is built by them and is by their own description, NXT 2.0. NXT is already a really strong and underrated platform as it is, so I believe Ardor will make a big jump in the long term. I am accumulating now in anticipation of a big price increase come end of the year. Check out the NXT website for more info as well as the developer's (Jelrudia) website for more info. Worth reading if you are interested in blockchain from more than a pure trading perspective.
For this chart, it really looks like we could be range bound for hopefully a few more moves before making a stronger push up or down. I would guess up as the market is bullish, but it may not be a strong move up immediately as hype is more around NXT (for IGNIS ICO) as well as NEO and others right now. Fine for me, time to accumulate more.
If you are comfortable trading ranges, this may provide an opportunity. The EMAs are flattening out and have not yet crossed over so I do not believe any breakout is imminent. Support line from previous support has been met, although it could drop down to another support level. I believe this will hold though and push upwards to resistance as the stochastic is starting to flip. Trading in a range can be fun, but risky. Don't bet the farm.
Good luck.
For this chart, it really looks like we could be range bound for hopefully a few more moves before making a stronger push up or down. I would guess up as the market is bullish, but it may not be a strong move up immediately as hype is more around NXT (for IGNIS ICO) as well as NEO and others right now. Fine for me, time to accumulate more.
If you are comfortable trading ranges, this may provide an opportunity. The EMAs are flattening out and have not yet crossed over so I do not believe any breakout is imminent. Support line from previous support has been met, although it could drop down to another support level. I believe this will hold though and push upwards to resistance as the stochastic is starting to flip. Trading in a range can be fun, but risky. Don't bet the farm.
Good luck.
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Hello all,
apologies, i've screwed up and hit short when it should be long. Misunderstood what I was doing.
apologies, i've screwed up and hit short when it should be long. Misunderstood what I was doing.