POLONIEX:ARDRBTC   Ardor / Bitcoin
117 0
The correction came down to the 88% fib. Retracement level and is no moving inside a triangle, currently sitting at the support line.
The daily chart shows an oversold RSI heading upwards and a slightly dropping MACD indicator. The volume decreased, which might be a sign for tired bears.
The 4h chart shows that the market closed below the Bollinger Bands , even the last dip closed below it. MACD is showing bearish downwards, RSI is oversold.
The big question is, if the support holds and the bulls are coming back to push the market.
A good signal would be a closing inside the Bollinger Bands and crossing MACD .
If the support breaks, next support is around 3000 and then 2700.
If we are staying above the trendline , the retest of the downtrendchannel is likely at around 3400.

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