ARDRBTC
Ardor showing big potential and text book consolidation ARDR/BTCArdor has consolidated for more than 9 months now. It has slowly been falling and entering the buy zone shown below and the time for buying it has officially come. It broke through one of its critical support at 3k satoshi which indicated very strong upcoming bear market. The volume dropped and the daily candles stayed just below EMA 30 at all times.
Right now, the ichimoku clouds are starting to get thinner, the volume started to increase and the candles started to get closer and closer to the EMA 30. This all indicates very bullish few months for Ardor and it's definitely showing potential.
Fundamentally this coin also makes a lot of sense and the development team has been actively working on it.
The fundamental and technical picture add up and in my eyes, Ardor is ready for very bullish next few months.
ARDRLong-term deal
I think we got to the bottom
The support area has been tested many times before
The best capital management in that deal
Enter 50% of the value of the amount to be traded from the current prices
And placing orders to buy 25% at 1500 Satoshi and 25% at 950 Satoshi
Getting out of the deal of your choice, and better leave 25% of the transaction value to long-term goals
Ardor VS Bitcoin Reached The SupportToday Ardor hit the 2143 satoshis, that is 327.2% Fibonacci retracement level applied to the corrective wave up, after the ascending channel breakout. The support has been rejected cleanly, after which price went up, but rejected the downtrend trendline.
It is a very interesting timing for the Ardor, because today's' low could be the very bottom of the downtrend, or very near it. But as of yet, there are no confirmation of that, therefore it would be reasonable to at least wait for the downtrend trendline breakout.
Daily break and close above the 2422 satoshis resistance should be the first confirmation that ARDR/BTC is planning to move higher. On the other hand, daily break and close below the recent low might result in a consolidation, spike down or even the downtrend continuation.
Binance throws Ardor upCoin of the day is Ardor
Ardor showed a significant grow after Binance listing. Such a huge rise after a listing is not unexpected, but still higher than expected, and probably could be affiliated to extremely low prices of the coin.
Recap: Ardor is a Blockchain-as-a-Service (BaaS) Platform owned by Barcelona-headquartered Jelurida that will allow businesses to create their own "child chains" based on the main maternal Ardor chain and take full advantage of the block-chain technology.
It was developed as an evolution of the NXT blockchain and likely offers many advantages over its predecessor, both in functionality and in scalability.
Ardor claims to reduce blockchain bloat and provide multiple transactional tokens. Jelurida plans additional child chains to be launched on the Ardor mainnet in the third quarter of this year, as well as lightweight contracts runner add-on.
Latest news
18 July - Binance Listing. “Binance will open trading for ARDR/BNB, ARDR/BTC and ARDR/ETH trading pairs at 2018/07/18 11:00 AM (UTC). Users can now start depositing ARDR in preparation for trading.”
Technicals
Almost 50% leap saves the coin from more than a Yearly low (the last time when ARDRBTC traded so low was at 2017.04). Will such big jump give the coin enough momentum to rise higher and maybe went into the more positive state than it was before only the time will show? For now, we can state, that ARDBTC broke above Global Bullish Trend Line, which brings the coin back into a gradually growing state, 0.00003 level, and 100-days EMA was also overcome. If the price manages to hold on above 100-days EMA – the pattern could be evaluated as bullish and target the price to the next resistance at 0.0004. 0.0003 level should stay strong to support any bullish possibilities, dive back below 0.00003 will destroy all newly-formed interest in the coin.
ARDR LongLooks like there is quite interesting volume on ARDR lately, could be that someone is accumulating, or knows something that we don't.
Some S/R areas with boxes to pay attention to.
There are no really interesting events in near future, so that makes me wonder where is this volume coming from. This is only significant thing so far: coinmarketcal.com
BTC is still in downtrend, so that's something to keep in mind still.
Ardor at the bottom. Is it worth taking?Coin of the day is Ardor.
One of the useful things to do during the stagnating markets – look for the bottoming patterns, a possibility to buy the bottom at low prices with high potential. Again, while the crypto community is concerned with the cost of bitcoin, we could concentrate on companies which are not aiming to become new era money, but rather bring new technologies in future. One of such spheres is Blockchain-as-a-Service projects, sounds fair that soon a lot more companies will use blockchain technologies and will not build it from the scratch.
One of such projects, which seems like be drawing a bottoming pattern recently, is Ardor.
Ardor is a Blockchain-as-a-Service (BaaS) Platform that will allow businesses to create their own "child chains" based on the main maternal Ardor chain and take full advantage of the block-chain technology.
It was developed as an evolution of the NXT blockchain and likely offers many advantages over its predecessor, both in functionality and in scalability.
One of the reasons, why Ardor still looks attractive, despite bearish pattern on the chart is because of the business-to-business approach. BaaS could get a significant support if their technology will be used successfully by big companies.
Latest news
2 June – Dominium group is planning to launch its blockchain on Ardor.
“Blockchain based platform, Dominium, will allow global users to invest in property from just €1 and to launch a regulated property fund without a lawyer.
The Dominium property platform will allow users to list, trade, finance and manage property assets utilizing a suite of tools, with all activities safely recorded on the blockchain. Business tools will include full Client Relations Management, project management, and maintenance systems.”
Technicals
After March-April uptrend, which stopped under the 100-days EMA, not able to break through it, the coin went down. Having reached psychologically significant level 0.00003 level, which almost coincides with Global Bullish Trend Line at this point in time, the price started to draw a turnaround pattern. The price seems to be low enough for investors to buy-in and start a new growth cycle, to test 100-days EMA once again. A breakthrough above Bearish Trend Line will be a confirmation sign of the beginning of reversal pattern, the next goals, in this case, will be 0.000035 level and 0.00004. From the below – dive below the Global Bullish Trend Line will cancel a turnaround pattern.
$ARDR in perfect buying zone. Easy 50% from hereIf we look at the number of days within a year, $ARDR has spend only 25% of the time on the current 3000 sats level.
25% of the time it spends at 4500 sats, a nice 50% increase from the current price.
20% it spends at 6000 sats, a nice 100% increase. (sell half on this and ride to the moon for free)
If altseason comes again this year, you can pretty much be sure it will hit the 9000 or maybe even the 12000 sats level.
I would say this is a perfect zone to buy, it rarely dips below this range and if it does, it quickly bounces back up. Set 50% (4500 sats) as your first target. I would sell 50% of my bag, sell another 25% at the 6000 sat level and keep the other 25% for 9000 or higher.
ARDRBTCArdor is at the global support formed over the past year.
Soon, a trend reversal is possible, especially if the rumors about the listing of the coin for Binance are confirmed.
Entry points, in the range: 0.00003169 - 0.00002910
Objectives: target 1 - 0.00005365
target 2 - 0.00006893
target 3 - 0.00009369