Nothing really fits crypto as far as technical analysis goes, elliott wave? order flow? fib levels? I keep it simple and identify support and resistance zones. Maybe a fib retracement and extension line based off one prominent trend line (going up or down). Then I look to see if the technology behind the coin solves a general problem. And of course, my gut.
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bluswan555
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Im in NXT but can you explain if ARDOR is to replace NXT or work with it... I have been watching videos and reading but I still cant wrap my head around it. I do see Ardor as a next generation of NXT... So I am wondering if I should sell half my NXT for ARDOR. Also, could ardor do everything ETH does only more securely? Big thanks in advance!
@bluswan555, Ardor is a new blockchain platform offered as an asset on the Nxt platform. Ignis will be a child chain on Ardor. Ardor is a blockchain platform with multi-chain capabilities. One of the functions will allow users to have their own fork of Nxt but with their own coin, connected to Ardor, all done with just a few clicks. The Ardor main chain will handle all transactions, the child chains (Ignis and more) is where the true functionality and brilliant UX will occur.
bluswan555
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@jrsand, big thanks!!! I own like 10x the amount of nxt compared to Ardor. Not investing advice but if it were you, would you go closer to 50/50 split? Or? Thank you!
jrsand
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@bluswan555, I've held NXT since 2014. I own equal amounts of both. My opinion is 50/50 is the way to go. Thank you my man!