Ardor breaking the downtrend
Coin of the day is Ardor.
Ardor is a Blockchain-as-a-Service (BaaS) Platform that will allow users to create their child chains with specific settings for asset issuance.
It was developed as an evolution of the NXT blockchain and likely offers many advantages over its predecessor, both in functionality and in scalability.
From the technical view, ARDRBTC was in a deep recession since the start of the 2018 year.
As with the major new blockchain and crypto technologies, interest in them falls when the main cryptocurrency is going through a crisis.
The fall went deep below the allowable for maintaining global uptrend bias levels but stopped on the 0.00003 support. The rebound from this level has already broken the Bearish Trend Line resistance, which could mean the beginning of next bullish cycle. For the investors, this price looks attractive regarding the potential peak.
Newly formed uptrend established a Bullish Trend Line support if the coin will hold above this level and break the 0.00004 resistance that would be a solid Buy signal.
Ardor is a Blockchain-as-a-Service (BaaS) Platform that will allow users to create their child chains with specific settings for asset issuance.
It was developed as an evolution of the NXT blockchain and likely offers many advantages over its predecessor, both in functionality and in scalability.
From the technical view, ARDRBTC was in a deep recession since the start of the 2018 year.
As with the major new blockchain and crypto technologies, interest in them falls when the main cryptocurrency is going through a crisis.
The fall went deep below the allowable for maintaining global uptrend bias levels but stopped on the 0.00003 support. The rebound from this level has already broken the Bearish Trend Line resistance, which could mean the beginning of next bullish cycle. For the investors, this price looks attractive regarding the potential peak.
Newly formed uptrend established a Bullish Trend Line support if the coin will hold above this level and break the 0.00004 resistance that would be a solid Buy signal.
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