ARDRBTC - Elliott Wave Analysis - Bounce to B

POLONIEX:ARDRBTC   Ardor / Bitcoin
Ardor - ARDR appears to have found it's footing. After making a large run beginning in April as many AltCoin did, it peaked in late June and proceeded to retrace 78.6% of the advance. The last couple days have broken the descending trend line and ARDR has begun to move upward.

On the daily chart , RSI has given an initial buy signal, but MACD has not yet confirmed the move, however it should do so if the last couple days trading are true and the long corrective trend line has been broken.

The Elliott Wave count shows the initial corrective move to A has completed, and a rebound or bounce to B is to be expected.
Comment: 4 Hour Ticks Chart
Comment: Update Time: So far so good. ARDR is on path to reach the target goal of this Wave B bounce. If you want to join in, attractive limit buy price targets at between 0.000048 and 0.000052 where ARDR should find support near it's rising lower trend line.

Comment: Looking like onward and upward has begun.

Comment: Thanks BTC, you messed this trade up. Closed by Stops.


@matols, See the last update to the original post.

"Jul 25 - Comment: Thanks BTC, you messed this trade up. Closed by Stops."

Very nice analysis
@AKM777, Thanks!
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