Ardor did retrace below the 200MA.
The trading volume of the last few days has increased and we are now looking for support. Pulling back on the 4H we can see the blue line has been both support and resistance. We are touching it now and could turn up from here.
We can also see a trend line forming shown by the orange line. This is a long, slow move and someday we may look back as see this as an accumulation area. For now it is indicating some higher lows and if we touch it and bounce it will establish itself as a stronger trend.
But, as trends go, we are still seeing lower highs and so the bears are still in charge - for now.
This is not trading advice. I have no open trading positions in Ardor - I'm just having fun looking at the TA to support my strong interest in the fundamentals.
The trading volume of the last few days has increased and we are now looking for support. Pulling back on the 4H we can see the blue line has been both support and resistance. We are touching it now and could turn up from here.
We can also see a trend line forming shown by the orange line. This is a long, slow move and someday we may look back as see this as an accumulation area. For now it is indicating some higher lows and if we touch it and bounce it will establish itself as a stronger trend.
But, as trends go, we are still seeing lower highs and so the bears are still in charge - for now.
This is not trading advice. I have no open trading positions in Ardor - I'm just having fun looking at the TA to support my strong interest in the fundamentals.