Price action of Ardor / Bitcoin is moving within an up channel and hitting the channel's support.
We has 100 simple moving average support just below the channel support that will push the price back to the channel's resistance.
I have defined the targets using Fibonacci sequence as below:
Sell between: 0.00000607 to 0.00000628
Atif Akbar (moon333)
After successful formation of gartley pattern and giving more than 80% profit the priceline of Ardor / Bitcoin cryptocurrency has formed another harmonic bullish butterfly pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000735 to 0.00000476
. ARDOR/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.
. There is a possibility of temporary retracement...
Ardor left the wedge a few days ago. Quite a large volume made 50% of increases. Last days are the attempt to leave BUY ZONE (orange field) and also to rebound from the top of the wedge line. We still have good opportunities to buy Ardor.
ARDR has just entered my buy zone and is surrounded by a strong support from 0.000027 to 0.000033.
Ichimoku clouds are starting to look thinner and thinner on a 4h chart and that gives us little bit of hope that the bleeding might finally be over. It is looking extremely oversold on each of the time frames and in my opinion, the time for accumulation is...
Orginally bought this at 10k and sold at 20k, and it's been on a downward spiral ever since.
I believe it has bottomed out and will be reaching for some new FIB levels.
This will require some volume, watch closely.
I'm not a fianancial adivsor just a guy making observations.
Small Recap: Ardor
- Entry point: 1 @ 2580-3000 2 @3000-3250
- Profit levels: shortterm @ 3730-4100-4700-5100-5700 mid-term @ 6000- 8350-11800
- Stop: @ 2500
- Rebuy: @ anything below that
Ardor is entering an interesting zone to look for a position. It had a steep increase in December and January followed by the familiar crypto retrace to...