Ardor
ARDOR dropping. When do we buy some more?As most of the market is still going strong. ARDR looks like its doing a retracement after hitting an ATH well over 2$.
With only 1 billion coins that are all in circulation, a solid team (team that built the NXT platform) and coming out of the test system into the live own block chain on the 1st of January, this project will have results to show in 2018.
As for entry levels:
- I am looking for a break of the 0.00012 on the downside, if this is broken I expect the price to go below 0.00010.
- If the market goes in this direction I will start buying between 0.00009 and 0.00006 (green lines in the chart).
I am long on ARDOR since a few months but with the markets cooperation I am looking to increase my position as 2018 is looking amazing for ARDR.
Happy trading.
NXT BTC POLONIEX CAREFULSo there's been a crazy move in the last few days for NXT. This comes as it was announced that all holders of NXT in NXT WALLET would receive equivalent to 0.5 IGNIS which is the coin that powers the ardor platform. This is all good, but nxt wallets are not being created anymore so if you just have nxt on poloniex or bittrex you wont receive the equivalent 0.5 ignis. For me this is a dump in the next few days.
Entry price 2064, exit 4100.
Ardor Buy Oppertunity NXT 2.0There is a lot of hype around NXT at the moment and it's mainly due to the hardfork and INGIS airdrop. Ardor is know as NXT 2.0 and I think the same will happen with Ardor in December as there are numerous time line events and the block chain goes live on the 1st Jan.
www.ardorplatform.org
There are still lots of variables at the moment. This is dependent on BTC stability and Ardor breaking out of the triangle.
Buy under 3.2k
Target 4.8k
Target 6.1k
Target 7.2k
Target Moon
Stop Loss 2.3k but can be adjusted after breakout.
Ardor Trading IdeaIf we look at the daily chart of Ardor, we can see that the market is at the support zone. Price bounced from 0.000030 support level and diverged with RSI. We have a reversal signal based on a bullish divergence.
We can open long trades above 0.000029 level with stop orders below 0.000027 support level.
Ardor a truly bullish graphArdor build up a huge Shoulder-head-shoulder pattern in its graph. But this bearish pattern did not result in a further sell off.
Instead Ardor had a bounce on the neckline and then it did fell through a little, when it fell through price reached a new low, but the RSI-indicator did not, it made a higher low, this bullish pattern is known as: Bullish divergence. From that moment on both price and RSI have formed an ascending triangle. Another bullish pattern. Yesterday Ardor left both triangles (as to be expected) on the upside and perfectly reached the target that the triangle gave us (see both green vertical arrows).
Trading plan: either wait for Ardor to backtest the neckline or to overcome the first target (green Arrow), next target would be the top of the right shoulder (around 0.00006), but there propably is a whole lot more potential!
Big buy opportunity for ARDOR, possible cypher pattern Trend confirms at 20 cent. Stop loss at 18 cent, target should be 29 cent. Be carefull after it, it's possibly forming a double top after 29 cents.
In q4 they will launch their new platform. A lot of speculation come from it. Really good buy opportunity.
But be carefull for the head- & shoulder reversal when trading this. You need confirmation at 20 cent.
Ardor Breakout big releaseArdor has had huge volume pour in , this is most likely due to their mainnet release in November. I expect the mass to start buying more closer toward next month. It's scheduled to release Q4 of this year two weeks after Ignis ICO ends on Nov. 4th. Enjoy the ride my friends.