Ardor 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.
The 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
my 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
Simply 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,,
After 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.
This 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 :)
Trend confirms at 20 cent. Stop loss at 18 cent, target should be 29 cent. Be carefull after it, it's possibly forming a double top after 29 cents.
In q4 they will launch their new platform. A lot of speculation come from it. Really good buy opportunity.
But be carefull for the head- & shoulder reversal when trading this. You need confirmation at 20 cent.
