TradingView
Giovi6969
Jun 7, 2019 6:59 PM

Ardor's failed bottoming process 

Description

Sometimes small caps new tech bottoms can fail.
We can clearly see that Ardor formed a particular bottom with the leg and foot stopping the downtrend (see the previous TA).
But sometimes the bottoming process can fail, when the value goes below the trendling corresponding to the first rounded bottom attempt.
Ardor's value ended up going below the rounded bottom trendline

There is still no Smma golden cross on the daily, which makes Ardor very late compared to other crypto assets, and therefore very risky as there is no visible bottoming pattern.


Comments
DACapitalTrading
Great Setup! Following you now and I just released a new idea, have a look and let me know what you think mate ;)
Giovi6969
@DACapitalTrading,
Thank you for dropping by, going to have a look, have a great day
SpartaBTC
This coin is good to trade intraday.
SpartaBTC
Interestingly written. The way it is. But I trade Andor and made a couple of days ago + 80% bitcoin on this coin
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