TheSignalyst

ARDR - Potential Bullish Reversal!

Long
BINANCE:ARDRUSDT   Ardor / TetherUS
Hello everyone, if you like the idea, do not forget to support with a like and follow.

ARDR is sitting around strong demand in blue so we will be looking for buy setups.

Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?

on H4: ARDR is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, ARDR would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL indicator
http://www.RichTL.com

Telegram Channel
https://t.me/thesignalyst

Youtube
https://youtube.com/c/thesignalyst

For every 4 crypto holders, there's 1 from Kucoin exchange
Sign up Here
https://cutt.ly/Kucoin1