Ardor (ARDR) Huge Potential for a Quick Trade
Updated
While Bitcoin fights to get out of its downtrend, we can make some time for a quick trade. Ardor (ARDR) is the coin of choice.
We are going to aim for a modest return for this trade and we will do it relatively fast, this will be a short term trade.
>>> Ardor (ARDR) Trade Indicators
Here we take a look at the signals that support our trade. We normally look at chart formation, candlesticks, the MACD indicator, trend lines and much more. These signals can tell us if a coin is likely to go up or down.
** Let's start with the order book. Looking at Ardor order book on Bittrex, I can see very strong support around the 5500 satoshis level, and not much resistance to go up. Not having huge sell walls on the order book is a good signal for positive upward movement, it means that there are not too many sell orders to break through, so this increases the chances of going up strong once momentum starts to build.
** Looking at the chart above, there are a few things to notice, we will do this quickly, as I expect this to be a short term trade.
** After several weeks of going straight down, Ardor had a break earlier today and we saw a huge jump in price. This jump coincides with the TD indicators count. A new count is starting, we are at candle #1.
** The RSI bounced strong before reaching the oversold levels, and the STOCH and DMI are already trending up. The MACD is curving, but still needs more work.
** The chart is telling that we can have another few positive days. We will use this information to our advantage. This is all based on the daily chart, the chart above is a 4h chart, to better enjoy the action. Let's trade this coin.
>>> Instructions
Buy-in: 0.000051 - 0.000060
Targets:
(1) 0.000064
(2) 0.000068
(3) 0.000073
(4) 0.000080
Stop-loss: 0.0000453
Trade strategy: The goal is to make some quick profits. A short term trade. To have some fun and entertain ourselves while we wait, for the market to be back, for the opportunities that we deserve. So feel free to sell anytime you find yourself in a good spot.
>>> Message: Growth
What is growth? How can you explain this?
Growth is to learn to be free, in every possible way.
Growth is accepting your own life, and letting others live theirs.
Growth is the understanding, that you get from being alone.
Growth is the joy that is appreciated, when you share with the ones you love.
Growth can be explained as the feeling of knowing that life is going on.
It doesn't matter what really happens, in the end you will always be more.
A kiss for you today... With much, much love...
Namaste.
We are going to aim for a modest return for this trade and we will do it relatively fast, this will be a short term trade.
>>> Ardor (ARDR) Trade Indicators
Here we take a look at the signals that support our trade. We normally look at chart formation, candlesticks, the MACD indicator, trend lines and much more. These signals can tell us if a coin is likely to go up or down.
** Let's start with the order book. Looking at Ardor order book on Bittrex, I can see very strong support around the 5500 satoshis level, and not much resistance to go up. Not having huge sell walls on the order book is a good signal for positive upward movement, it means that there are not too many sell orders to break through, so this increases the chances of going up strong once momentum starts to build.
** Looking at the chart above, there are a few things to notice, we will do this quickly, as I expect this to be a short term trade.
** After several weeks of going straight down, Ardor had a break earlier today and we saw a huge jump in price. This jump coincides with the TD indicators count. A new count is starting, we are at candle #1.
** The RSI bounced strong before reaching the oversold levels, and the STOCH and DMI are already trending up. The MACD is curving, but still needs more work.
** The chart is telling that we can have another few positive days. We will use this information to our advantage. This is all based on the daily chart, the chart above is a 4h chart, to better enjoy the action. Let's trade this coin.
>>> Instructions
Buy-in: 0.000051 - 0.000060
Targets:
(1) 0.000064
(2) 0.000068
(3) 0.000073
(4) 0.000080
Stop-loss: 0.0000453
Trade strategy: The goal is to make some quick profits. A short term trade. To have some fun and entertain ourselves while we wait, for the market to be back, for the opportunities that we deserve. So feel free to sell anytime you find yourself in a good spot.
>>> Message: Growth
What is growth? How can you explain this?
Growth is to learn to be free, in every possible way.
Growth is accepting your own life, and letting others live theirs.
Growth is the understanding, that you get from being alone.
Growth is the joy that is appreciated, when you share with the ones you love.
Growth can be explained as the feeling of knowing that life is going on.
It doesn't matter what really happens, in the end you will always be more.
A kiss for you today... With much, much love...
Namaste.
Trade active
ARDR looks strong and still open for its run up. Right now we are accumulating to try another run.The daily chart looks good but it needs more work.
Shorter term we are going sideways, accumulating for the next step.
We are still within buy in range, feel free to buy in, re-buy and reload.
Thanks for your continued support.
Note
Suddenly, it started dropping hard. No panic needed, just wait it out.If the drop becomes too strong, just make sure to activate your stop loss.
Note
Ardor is looking solid and pushing up even with Bitcoin losing momentum... this is a good sign.We are still within our buy in range. So feel free to buy-in, re-buy and reload. This is a good trade and coin.
Thanks for your continued support.
Trade active
Looks like we are still looking for support and it is being found.Please allow this trade time to develop.
Here is our sideways channel:
Trade closed: stop reached
This trade is closed now. My stop loss was activated.If you want to trade this coin for long, you can still HOLD it and use the targets above to sell. This coin should be back on track in a matter of weeks.
I will revisit again in the future.
Note
New Ardor (ARDRBTC) Trade:  Ardor Solid Trade](https://s3.tradingview.com/f/FsdLP3nb_mid.png)
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