Long ARDR/USDT *Binance
Activation of the transaction only when the blue zone is fixed/broken.
The idea is to work out the resistance level .
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue...
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
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...
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.
Seems there is a falling wedge derived of the last impulse upwards. If there is an upwards movement after this, it will prove if the last movement was a natural market move or one derived from pump manipulation motivated purchases.
So, let see and watch. I am definitely curious about what the next move will derive if we are in an influx point on the trend.
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...
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...
Megalodon Pro Automated Trader is giving short term buy signals(orange) on hourly time frame.
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