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Ardor / Bitcoin

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ARDRBTC trade ideas

Ardor Is a Favorite Against BitcoinArdor found the support at 2545 satoshi on the 2nd of November. After a corrective wave up it came down, testing and rejecting the same support once again, forming a double bottom. The following wave up resulted in the break above the descending channel as well as 200 Moving Average suggesting that the trend could be changing from bearish to bullish. Fibonacci applied to the corrective wave after the resistance breakout shows that at 227.2% retracement at 4170 satoshi a strong resistance is formed and it is corresponding with 61.8$ Fibonacci retracement applied to the 1st of October high and 2nd of November low. It is highly likely that ADR/BTC will move towards that level and it would be interesting to see the reaction there, whether it will break above or reject this target. Break above should result in more growth. At the same time break below the 2445 satoshi should invalidate this bullish outlook and potentially send Ardor lower.
Long
by CryptoPAMM
1
Back to acumulation zoneNow you may have another good oportunity to get some ARDR at good price before next month launch of the main net. Personally i think ardr is a project with a team with reliable trackrecord, an interestng product and lack or poor PR strategy. All of this is good as we are at firsts steps of crytpo and first steps of ARDR. You can find more information at www.ardorplatform.org never do things blindly. About the chart: MACD suggest more downside movement and the horizontal support has proven to be strong (trend line is probably useless). I've been acumulating on bounces on the strong horizontal support and it's been working fine so long. You can see here ARDR/USD Some kind of triangle or ascending triangle with support building and accumulation taking place that suggests a big move at the end of the year (when mainnet will launch)
Long
by plebs
ARDOR - Last Stand The correction came down to the 88% fib. Retracement level and is no moving inside a triangle, currently sitting at the support line. The daily chart shows an oversold RSI heading upwards and a slightly dropping MACD indicator. The volume decreased, which might be a sign for tired bears. The 4h chart shows that the market closed below the Bollinger Bands, even the last dip closed below it. MACD is showing bearish downwards, RSI is oversold. The big question is, if the support holds and the bulls are coming back to push the market. A good signal would be a closing inside the Bollinger Bands and crossing MACD. If the support breaks, next support is around 3000 and then 2700. If we are staying above the trendline, the retest of the downtrendchannel is likely at around 3400.
by Hallemahalle
ARDR - Possible Ending ActionPrice movement to the downside hit the long term resistance line and bounced. Weak volume possibly indicating sellers are tired. Possible ending action. Expect volume to rise significantly if we enter the top half of former trading range (marked as the higher rectangle in blue) as a sign of strength - spring action still a bit weak, look for good volume to the upside for a safer entry. However, note that once supply is truly exhausted, the slightest amount of demand can trigger a move to the upside due to lack of supply. Careful with your stops, final attempts at accumulation could be the name of this game.
Long
by nicklikestuna
ARDRBTC ralying for a riseBeen watching ARDR for a while now it has been moving sideways on a RSI wave above the 40 line, but no big moves up now I see a divergence from the stoch, plus a flag pattern that might be leading to a move up. regarding to how one calculates the extent of the forthcoming move- I'm not a great believer of Fib retracements. the Fibonachi ratio is an aesthetic appearance that shows up at hinder sight. I believe that a coin has a built-in potential that is manifested in direct ratio to the coin volume and trade volume, and clues to that you can get from previous major moves up or down. I would love to hear what other people have to say about that peace A
by barkalon