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Ardor / Bitcoin

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ARDRBTC trade ideas

Unclear ARDR directionLike many of the Altcoins ARDR has been in a long slow decline. The bottom support of 0.0000300 BTC have been tested a couple of times and seem to hold. During the last four days ARDR have forming a Symmetrical Broadening Wedge which is an indication of increasing price volatility but no indication of direction as these wedges can go up or down. The Bollinger Bands are tightening which indicates there is price movement on the way. The upper resistance have been touched four times. The MACD shows an upward trend. The RSI is staying above the 50 line. Most of the indicators are positive but low volumes will likely see a drop to around the 0.000032 BTC level by the end of the weekend and then a slow climb and possible breakout around 30 May. Suggest a wait and see approach before making any ARDR decisions. As always do your homework and make your own investment decisions.
Long
by Wetdog544
$ARDR Move Along Nothing to See HereLooking at it on request from our free and friendly discord community. Check my profile if interested in joining. Miraculously $ARDR is still trending up on short time frames but massively down on long timeframes. No major catalysts coming up. $BTC looking like its bleeding further down. I'm not really seeing anything I like about this chart. Its down. In any other time I'd say its near bottom and should start seeing a bump. But with this market I don't thin kthat's true anymore. Market is complete trash right now.
by Tilt101
Ardor breaking the downtrendCoin of the day is Ardor. Ardor is a Blockchain-as-a-Service (BaaS) Platform that will allow users to create their child chains with specific settings for asset issuance. It was developed as an evolution of the NXT blockchain and likely offers many advantages over its predecessor, both in functionality and in scalability. From the technical view, ARDRBTC was in a deep recession since the start of the 2018 year. As with the major new blockchain and crypto technologies, interest in them falls when the main cryptocurrency is going through a crisis. The fall went deep below the allowable for maintaining global uptrend bias levels but stopped on the 0.00003 support. The rebound from this level has already broken the Bearish Trend Line resistance, which could mean the beginning of next bullish cycle. For the investors, this price looks attractive regarding the potential peak. Newly formed uptrend established a Bullish Trend Line support if the coin will hold above this level and break the 0.00004 resistance that would be a solid Buy signal.
Long
by DestinationMoonCrypto
1
ARDOR-BTCSmall Recap: Ardor - Entry point: 1 @ 2580-3000 2 @3000-3250 - Profit levels: shortterm @ 3730-4100-4700-5100-5700 mid-term @ 6000- 8350-11800 - Stop: @ 2500 - Rebuy: @ anything below that - Time: Summary: Ardor is entering an interesting zone to look for a position. It had a steep increase in December and January followed by the familiar crypto retrace to the bottom. We are nearing the demand-zone of this coin. The demand-zone is fairly strong and allows for trading. Based on the fundamentals of this project you could already say its a good coin to have, certainly adding it in this zone. We have small signs of reversal. But some patience is needed before this trade will shine. Nonetheless, we want to pay attention and look for the possible perfect entry. Which could lead to a 100% profit level? The first strong supply zone is around 6000 sats 0.50% level. Goodluck
by CryptoDonkie