ARDRUSD COMMENTSUsing the RSI trenf, there seems to be a drop in price that would maybe last until the 27th, adding that to the BB, there should be a retract of price after it hits the Support Line. The R/R is fixed at 1.96:1 because the Target Price is placed above the Resistance and falls close to the .78 Fib Level. Stop Loss is placed below Support as I perceive a drop in price soon before a possible retracting.
ARDRUSD trade ideas
Weekly Squeeze and possible LONG setup for ARDR/USD HitBTCThe weekly is squeezing on this one as well as the 1HR. The One day shows us an interesting setup for a long position as the RSI hangs in overbought, the volume dies down a bit but the price goes up for a few more days. This has recently happened twice before as I will show.
Zoomed in Daily shows us a bit more detail...
The 1HR shows a Squeeze is coming and what appears to be some consolidation. Note that there has been 29 Hours of trading ABOVE the overall Down trend line from January 2, 2018. This is also the first of which we have crossed that trend line.
And let us not forget the Weekly Squeeze is on...
We can see RSI is way lower than 30 and climbing. Our Weekly Candle DID close above the trend line. Overall I think if nothing else, it's something to keep an eye on.
ARDR / BTCThis is my price analysis for ardor. Im expecting that it will bounce here on the horizontal support line. Targets are marked on the chart
ARDR, the end of the downtrend?Ardor has won 5.39% in the last 24H after touching yesterday $ 0.1200, this is the minimum since September of 2017 , then the price went up crossing the central pivot point and bouncing repeatedly in the Pivot R1 in 0.1494, It is hard to know if this yesterday low could be the end of the downtrend , we have to wait if the price can climb enough support levels in the next sessions.
If only price stay above 0.24563598, then it's a 4H long set up If only price stay above 0.24563598, then it's a 4H long set up
Ardor Bullish caseIt appears that something is about to happen to Ardor, volumes are up, potential break out is imminent. Buy and hold for a short term burst is possible, hold is possible, but very depend on BTC performance.
Ardor Hidden Double BottomArdor found the support at $0.27 where it formed a double bottom. Although it seems the support has been broken, there was no clear break below on the daily chart.
If ARDR/USD will not go lower than $0.24 it is very likely that the price will hit the resistance at $0.53 in the short to medium term.
Break and close below the $0.24 low should invalidate bullish outlook, extend the consolidation or send Ardor even lower.
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 | 300% potential profitArdor has ended the retracement wave 4, It can take some time but it is on its road to $3+
Ardor has been underground lately since the launch of the mainnet but once people will notice the potential of this project it will rise in price.
Ardor ready for fifth wave > huge potentialThe bigger picture of ARD/BTC is looking fine. It went trough a flat correction, which likely will be ending at the .78 fib level.
Wait for MACD crossover or trend reversal on RSI
- buy in between $0.60 - $0.75
- Target can be $3.75 (first fib level), but likely is around the $6 > second fib level! Why? 5th wave = FOMO wave
HAPPY TRADING
ARDR setting up great, against marketmy thinking is market looking bad on the whole at the moment,]with one exception ARDR , which i think has just started its run should see much more running up to launch of first child chain 1st of jan,, nxt have jump ship and will be getting in here ready for 02 updated platform, outstanding project thats solves much and been around for 3 yrs
possible direction by ARDR by 1st jan,,brake outSimply because its the 02 of nxt platform, been tested for 3yrs ,has many applications,, from banks to small companies,,and would think most will sell next and invest here after snap shot,,
ARDR drops down for some correctionAfter a big raise the price will experience correction which based on the previous pattern can go down till 1.388 supporting line. EMAs are saying the same direction.
ARDR buy oppertunityArdr is on its 3th wave up and in a ascending triangle. Safest is to buy when it bounces on the bottom vertical line.
Ardor - wave updateThis crypto may have completed an impulsive wave 3 , and looking for possible consolidation/retracement for a wave 4.
Looking for entry on price at mean (13EMA) around .80 , and target above $ 1.60.
Stop below monthly R1 pivot around .40.
Risk reward approx. 2 :)
