DestinationMoonCrypto
Long

Ardor second attempt to go UP

POLONIEX:ARDRBTC   Ardor / Bitcoin
Coin of the day is Ardor.
Ardor is a Blockchain-as-a-Service (BaaS) Platform that will allow businesses to create their own "child chains" on the basis of the main maternal Ardor chain and take full advantage of the block-chain technology.
It was developed as an evolution of the NXT blockchain and likely offers many advantages over its predecessor, both in functionality and in scalability.
The business-to-business approach could be a significant advantage as if the technology will appear useful for big services - the coin will find solid support.

From the technical view, ARDRBTC was in a deep recession since the start of the 2018 year, broke a downwards tendency 13.03.2018 but went into a lateral correction within the 0.00003 - 0.00004 boundaries.
Today the price broke the correctional pattern boundary and went upwards, breaking the 0.00004 resistance. The rise in momentum and volumes supported the breakthrough. If the price will be able to hold above the 0.00004 level - that would be a bullish sign. The next goal, in this case, will be 100-days EMA and 0.00005 level. From the downside - 0.000036 as minor support and 0.00003 as a support for the whole rebound scenario.
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