Ardorusd
Ardor (ARDR) formed bullish Cypher for upto 19% pumpHi dear friends, hope you are well and welcome to the new trade setup of Ardor (ARDR) coin with US Dollar pair.
Previously we had a nice trade of ARDR:
Now on a 4-hr time frame, ARDR has formed a bullish Cypher pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Ardor's failed bottoming processSometimes 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 trendline
There is still no Smma golden cross on the daily, which makes Ardor very late compared to other crypto assets, and therefore very risky as there is no visible bottoming pattern.
$ARDR Bottom in 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 the short term a retest of the 20WMA
Jelurida the team behind Ardor has a very long crypto history and a trusted Cryptocurrency up there with Litecoin and Bitcoin
Megalodon Pro Automated Trader - Ardor - Short Term BullMegalodon Pro Automated Trader is giving short term buy signals(orange) on hourly time frame.
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Ardor/USD. One to watchArdor/BTC and Ardor/USD charts are very similar. ARDUSD came to a strong all time dynamic support level and probably wants to consolidation on that area. Will see.
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.