RogueDave

ARDRBTC - Elliott Wave Analysis - Bounce to B

Long
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.

Comments

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

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

Reply
Very nice analysis
Reply
@AKM777, Thanks!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out