HiTech
Long

Ardor VS Bitcoin- Time To Buy?

POLONIEX:ARDRBTC   Ardor / Bitcoin
Ardor reached the high at 15.2k satoshi after a strong rally resulting in a 490% growth against the Bitcoin             . But then a strong corrective move followed where Ardor lost 50%. The correction was stopped at the 61.8% Fibonacci retracement level.

In addition, this support is confirmed by 161.8% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. And finally the 4/1 Gann Fan trendline has also been rejected, together with the 200 Moving Average.

Clearly, there is a massive support at 7.3k satoshi and it is being rejected, suggesting that ARDR/BTC could be ready to continue the uptrend.

However, the risk of further decline is always there, and in case support is broken Ardor could drop to 4.4k satoshi support, but at this point, it seems an unlikely scenario.
Comment: Updated idea
Comment: break above 4.4k satoshi required for the uptrend
Top Crypto Telegram Channel: https://t.me/cryptopost
#1 Crypto Blog: http://cryptopost.com
Crypto Forum: http://cryptoforum.com
Alts vs BTC Trade Signals: http://cryptopost.com/signals-membership/

ETH Tip Jar: 0xafbc203afac03c466b9e8ce3b4c7133b710bf
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out