Sometimes 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...
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...
Megalodon Pro Automated Trader is giving short term buy signals(orange) on hourly time frame.
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Using 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...
The 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...
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...
It 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 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...
Ardor/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.
