On the 30th of July, Ardor broke below the 327.2% Fibonacci support that is 2140 satoshis. Price went down and hit the 1906 satoshis low. On a small corrective wave up, ARDR/BTC has rejected previous support that this time acted as the resistance.
It seems that the downtrend continuation might continue and price could reach next Fibonacci retracement level at 427.2%, that is 1575 satoshis. Although first, current low must be broken.
On the upside, if Ardor will hold 1900 satoshis level, price might correct up, towards either 2400 or 3400 satoshis levels. As the confirmation of a stronger correction, break above and then rejection of the 2140 level is required.
It seems that the downtrend continuation might continue and price could reach next Fibonacci retracement level at 427.2%, that is 1575 satoshis. Although first, current low must be broken.
On the upside, if Ardor will hold 1900 satoshis level, price might correct up, towards either 2400 or 3400 satoshis levels. As the confirmation of a stronger correction, break above and then rejection of the 2140 level is required.
Trade closed: target reached