It has been Accumulated over recent period and not showed up any significantly move in recent market but looks like Whales accumulated enough for next big pump and it is Whales favorite coin which always pump bigger in shorter time frames so have your sell targets as well.
I have marked the targets and stoploss on the chart.
Ardor showing bullish signs on Ichimoku. Bullish: Cloud turned bullish, Tenkan above Kijun. Quasi Bullish: price struggling above cloud. Lagging indicator below cloud but above price.
If it can break the resistance next stop 460-470 sats.
Ardor looking well primed for at least a short term price increase
Price above the 20 day moving average
Price above the 200 day moving average
10EMA crosses the 20EMA
MACD Bullish Momentum
Stochastic RSI need to watch for short term drop.
On the 18th May ARDOR passed all buying rules (2daysystem)
Price is supported by the 20MA and holding firm
No sign of the 10ema crossing the 20ema
A close above 0.072 will confirm change of direction and bear market is over
-after the breakout of resistance at 600 sat range
-the price has retraced back to the previous resistance
-this is a good chance to flip this zone into new support
-if that happens, this coin will explode up to 1k sat
-aggressive buyers are waiting for bullish signs to enter a trade
-ideal stoploss is below 6H 200MA
💬 Oddly enough the Austrian government is testing out Ardor (ARDR) technology. That is bullish for ARDR, if only in that it shows adoption is real and happening on some level. Adoption is great, but what is notable is the current price action where ARDRUSDT has broken away from its current range. Let's take a look at some levels to see if Ardor can find support...
-our trade for this coin is now up over 10%
-there are multiple possible entries using our Cross Ultimate indicator
-if this candle closes green today and BTC remains stable
-it will likely continue higher and may hit the resistance #1-#2
-if the price pullback to retest old resistance
-that is a good re-entry zone
ARDOR had been in long side ways before and they all between $0.058-$0.051 (same as this one).
If it breaks it up, it may reach to $0.09. If it breaks it down, I suppose it will down to $0.039.
Before the upward movement starts, It has two strong resistance to break.
Breaking $0.058 means; it gets out of the side way.
Breaking $0.063 means; take your profit at...
-this coin pump over 100% in a single day
-after breaking the red trendline resistance
-if this candle can be sustained
-our potential bounce play is ideal at 500s
-this area was previous support to resistance
-and has the chance to flip to new support
Market structure is now in a healthy uptrend after the price broke above down-line resistance with a bullish candle.
Bulls are in control as long as we can keep the price moving above 50 MA and 100 Day MA.
I'll be looking for a pullback to enter a Long position.
Highlighted in the chart is the initial support or buy area.
Buy area: 662...
Here is something I missed. ARDR providing a very good bottoming signal which in hindsight playing out beautifully
1. Williams (finding bottoms indicator) signalled
2. The MFI (a leading indicator) signalled while the RSI was oversold.
This happened on the 23rd October
Please see the ardr/ignis ratio. Ardor is very undersold against it's childchain.
A symmetrical triangle is drawn, which, by the way, can be a continuation of a downtrend and thereby confirm the figure of "Downtrend Pennant." But let's not talk about the bad. It is likely that this "Symmetrical" triangle that is drawn is tried up.
The goal is the first resistance to the height of the widest part of the triangle. The target and the percentage...