KingCrixus
Long

Ardor showing big potential and text book consolidation ARDR/BTC

BITTREX:ARDRBTC   Ardor / Bitcoin
Ardor has consolidated for more than 9 months now. It has slowly been falling and entering the buy zone shown below and the time for buying it has officially come. It broke through one of its critical support at 3k satoshi which indicated very strong upcoming bear market. The volume dropped and the daily candles stayed just below EMA 30 at all times.

Right now, the ichimoku clouds are starting to get thinner, the volume started to increase and the candles started to get closer and closer to the EMA 30. This all indicates very bullish few months for Ardor and it's definitely showing potential.

Fundamentally this coin also makes a lot of sense and the development team has been actively working on it.

The fundamental and technical picture add up and in my eyes, Ardor is ready for very bullish next few months.
Comment:

Looking good!
Comment:

We've seen a consolidation after short +30% jump Ardor had. This looks like a classic bullish flag, so the trend usually continues upwards after the bullish flag has closed its candle above the resistance.

Still, it can go either way, it depens on a breakout. Long term picture still is the same, this is only an update for a shorter time frame.
Comment: Ardor is slightly above buy zone but is holding up well since we bought it.

We need to be more patient, it's been showing slight bumps in volume so it's just a matter of time before we see some serious growth from it.
update
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