About meInterested in $BTC for a long time and participating in Altcoins since 2013. I'm a blockchain maximalist and partial to NXT, ARDR and IGNIS. But nothing I share is ever financial or investment advice.
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,...
IGNIS followed BTC and dropped broke to the downside through the bottom of the newly formed triangle. We may find new support near the 100 MA or just below (orange line) and may enter another phase of accumulation.
This is not trading or investment advice. These are my observations and I'm just having fun!
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...
Some have asked me about Ignis.
The elevated Bitcoin dominance has kept altcoins, including IGNIS, searching for newer lows. But during the past week IGNIS showed more movement with higher volumes and gave more information to start looking for trends and patterns again.
We can see a quick push through the MA200 and over the cloud. A descending channel formed on...
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...