As most of the market is still going strong. ARDR looks like its doing a retracement after hitting an ATH well over 2$.
With only 1 billion coins that are all in circulation, a solid team (team that built the NXT platform) and coming out of the test system into the live own block chain on the 1st of January, this project will have results to show in 2018.
ARDR had a nice impulsive move up and is currently retracing. I'm currently waiting for a retrace into the golden pocket of the impulse wave up.
We have a minimum target set at the 382 fib retracement line of the entire impulse wave up.
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...
Ardor is trading at new lows and hitting the lowest today compared to May 14th, when most altcoins hit bottom.
Ardor (ARDRBTC) is a huge exception as there aren't many Binance altcoins going for new lows right now, but we might be looking at a bottom here due to the divergence that is building up... Let's take a closer look.
This is the daily chart, closed up:...
ARDR is showing a strong support range of 920-930 and can push price up from here. And it seems that ARDR is forming a Double Bottom pattern.
Buyzone : the closer to 930-950, the better. Current price is 970
Recommend sell targets : 1170-1320-1550
Stoploss if price is lower than 920
The current price of Ardor is above the 20 weekly moving average (20WMA).
The 20WMA is pointing upward. This is the 1st time since 22nd Jan 2018 that the price is above the 20MA in an upward average.
This is the 1st sign that the bottom is in. Another sign we need to see is for that 20WMA to cross the 50WMA or the price to close above the 50WMA.
Although I see in...
$ARDR Reaching resistance at ~2050sats, Key point to know if it will keep trending up or its retrace time....
UCTS buy signal on the 1D (30% up)
Volume seems low...
MACD starting to turn flat & RSI at overbought levels.
Not hodling the ascending trendline is a warning.
Steady but rather slow uptrend - moving from lower channel to higher channel, each approximately 5 days length. Given targets are realistic, but what would be really profitable is to catch next pump, which may take price up to 50% or more.
Buy zone: 1770 - 1780
Targets for midterm: 1870 - 1900 - 1950 - 1980
Stop loss below 1710
Hi friends! Welcome to Poop's Wyckoff Analysis on $ARDR.
This is for $ARDR fans!
ARDR had been accumulating on a continuous weakness trading range for about 10 months now.
-There was a bullish divergence, which covered September to November.
-A strong buy signal appeared in December.
-There is a strong resistance at 3K and 4K sats level
-This shit is about to...
Megalodon Pro Automated Trader is giving short term buy signals(orange) on hourly time frame.
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