ARDRBTC trade ideas
ARDR Descending WedgeRSI is in the oversold range, watch for a MACD cross over and breakout above the trend line. I bought at .0004619 due to the false breakout, but I am hoping for a true breakout soon. As a noob, I probably should have waited a little longer to confirm the breakout trend... Oh well, live and learn
ARDR buying opportunityOn the technical side, reasons for entries are included in the charts and its basically self explanation if you would like to consider taking time reading it.
Fundamentals: Good developers(who are developers of other coins)
Real good business solutions
Huge funding from Ignis ICO
And FINALLY DYOR
We can consider, if all things well for ARDR to hold it for the long term until mid november and beyond.
*Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies and crypto currencies can be risky and potentially profitable opportunity for investors. However, before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
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!
Ardor - chance to be millionaireno need to be comment here. If you miss a chance to be a millionaire with Eth/xem/NEO/OMG, then this is ur next chance
-Fantastic team (devs of WAVES, lsk, xem are orginial from Ardor community)
-Chinese community
-price is freaking cheap now and bottom is formed. The only way is UP UP UP
-real business application
-team has big funding from Ignis ICO
-mainnet is going to be released on Mid November
Target: become millionaire with this coin
$ARDR idea$ARDR looks like it's under some serious whale manipulation. If you can't tell where these massive bid walls have been, look for the perfectly flat lines where it looks like bullets bounced off of superman.
The same 60ish btc wall has been moved to different steps down like a staircase down to a lovely discounted ARDR. The issue is currently there is no real buy pressure.
Hopefully these whales are done accumulating soon and we can see a lovely bounce. Keep an eye out for the 3.7-3.8k range if they decide to drop that bid wall once more. Otherwise I would start accumulating slowly as close to 4k as possible. 4k is a previously existing support line, so I find it would be unlikely for this wall to drop lower, but its crypto so lets not rule anything out.
Either way, this one is worth a watch.
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.
ARDR se prepara para un nuevo movimientoPodemos ver un triangulo que permanece intacto con los precios moviendose en rango y cerca de un potente soporte horizontal alrededor de 2725. La idea es dejar que el triangulo evolucione y entrar en la rotura del triangulo con volumen alto.
Confio en un movimiento hacia arriba debido a que estamos cerca de un buen soporte que ya ha sido testeado anteriormente y parece que nos encontramos en un periodo de acumulación previo al lanzamiento de la red. Ademas, el indicador tom demark indico en la vela de ayer una sñal de compra. Si te gusta el riesgo puedes comprar ya e ignorar el triangulo! Yo no lo haré todavia....
POLONIEX:ARDRBTC