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
Megalodon Pro Automated Trader is giving short term buy signals(orange) on hourly time frame.
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Ardor has consolidated for more than 9 months now. It has slowly been falling and entering the buy zone shown below and the time for buying it has officially come. It broke through one of its critical support at 3k satoshi which indicated very strong upcoming bear market. The volume dropped and the daily candles stayed just below EMA 30 at all times.
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.
Well, I'm going in a long position on this one.
Ardor is a great project and totally functional, the big spike was caused by Bittrex opening the market.
We had the pullback from the pump, and we are now in accumulation stage.
We need to maintain the low of the pullback and see if we are going to have lower highs and higher lows pattern and hoping for a big spike...
There is a lot of hype around NXT at the moment and it's mainly due to the hardfork and INGIS airdrop. Ardor is know as NXT 2.0 and I think the same will happen with Ardor in December as there are numerous time line events and the block chain goes live on the 1st Jan.
There are still lots of variables at the moment....