Ardor (ARDRBTC) has been moving higher and is now above EMA50 (magenta line). With this level conquered, the next target becomes EMA100 (0.00000721), but with the nature of cryptocurrency being violent and wild, it can easily reach much higher and hit 0.00000798 on the first impulse only to continue higher... That is if the bulls follow up.
For ARDRBTC to move...
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...
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 (ARDRBTC) is already moving and printing a high volume bar, the biggest since June.
I am seeing this and other Binance pairs starting to move early Monday morning, with the possibility of high gains later in the day or week... We already have an active trade for this pair, with a buy-in close to the bottom... All that is left is to collect the profits.
The price has been rejected by the Tenkan every time for the past 6-7 months, but it finally managed to break above and consolidate over it on the 12h chart. Looks like a TK cross it's on its way and we could see an edge to edge scenario here.
TP 1: 0.000000744
TP 2: 0.000000785
TP 2: 0.000000906
CryptoCue is not providing...
Ardor did retrace below the 200MA.
The trading volume of the last few days has increased and we are now looking for support. Pulling back on the 4H we can see the blue line has been both support and resistance. We are touching it now and could turn up from here.
We can also see a trend line forming shown by the orange line. This is a long, slow move and...
After a lot of side ways movement, I got the notification that Ardor moved up 5% and had to take a look.
Yesterday we nudged above the 200 MA - the range where we have seen resistance.
Did traders get interested and look for some information only to discover the updated websites and better understand the fundamentals behind the Ardor technology? I don't know,...
Well, BTC took a dive and altcoins, including Ardor followed the trend.
Since we last looked at the 4H, Ardor fell below the cloud, the 200 MA and is sitting on the support line of the newly formed triangle. I've drawn a new support area where we may go into another phase of accumulation.
This is not trading or investment advice. These are my observations and...
Ardor is staying steady in the support zone.
With Bitcoin dominance at around 72% and suppressing alt trading, it is nice to see that accumulation of ARDR seems to be happening above the MA200.
Will the short term trend line hold on the 4H?
Altseason? Recent movement on ARDR made charting interesting again. Trends on Ardor are becoming more defined.
We are above the cloud, above the MA50 and MA100 and MA200 - There was a breakout on the triangle and followed soon by a quick rise above the MA200 where I expected resistance.
Strong fundamentals, a growing team, conservative spending during bear...