Ardor channel movement in increments of 40%. Pivot points
Updated
Ardor moves in the accumulation channel with a step of 40%. Now the price has hit the trend line of the internal channel. Fixing the price above it gives a high probability of price growth to the upper boundary of the channel, and this is + 25% (white arrow).
If the price cannot be fixed above this trend line, then we will see movement to the bottom of the channel (yellow arrow). Next, see how the channel support will be maintained.
When the price makes a movement of + 25% to the upper border of the channel, you need to be careful. A channel breakthrough (blue arrow) may occur. If the price fixes above the upper trend line of the channel (red line), then there is a high probability of a large price increase. Like this is a pump coin.
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I often trade this coin, and I can clearly see how someone has been gaining a huge position for a very long time.
The points (zones) of the pivot, on which this or that movement of the price of a coin depends, I showed on the graph.
4 different entry options depending on the price movement.
With any movement you can always earn. The most important thing is the correct entry point, as well as having a plastic action plan.
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He also made the trading idea on this coin in September, when they drew a triangle, pierced it upwards by + 18% and this ascending channel began to form.
ARDOR Symmetrical Triangle. When breaking up 1 target + 65%
This is how this triangle looks now on the chart in the ascending channel.
If the price cannot be fixed above this trend line, then we will see movement to the bottom of the channel (yellow arrow). Next, see how the channel support will be maintained.
When the price makes a movement of + 25% to the upper border of the channel, you need to be careful. A channel breakthrough (blue arrow) may occur. If the price fixes above the upper trend line of the channel (red line), then there is a high probability of a large price increase. Like this is a pump coin.
_________________________________________________
I often trade this coin, and I can clearly see how someone has been gaining a huge position for a very long time.
The points (zones) of the pivot, on which this or that movement of the price of a coin depends, I showed on the graph.
4 different entry options depending on the price movement.
With any movement you can always earn. The most important thing is the correct entry point, as well as having a plastic action plan.
_________________________________________________
He also made the trading idea on this coin in September, when they drew a triangle, pierced it upwards by + 18% and this ascending channel began to form.
ARDOR Symmetrical Triangle. When breaking up 1 target + 65%
This is how this triangle looks now on the chart in the ascending channel.
Note
Note
Note
Trade closed: target reached
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