ARDRUSDT trade ideas
ARDRYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :)
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
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Crypto|ARDR/USDT|LongLong ARDR/USDT
Being in the support zone, trying to gain a foothold in this zone.
The General trend of the market to growth (at the moment it is strongly expressed in BTC , I expect in the near future the redistribution of funds from BTC throughout the crypto market).
The take level is taken from the usual fibo marking at between the level of 0,5 and 0,618-the orange zone.
The stop loss is indicated by the red zone below the support zone.
There is also a slight discrepancy in the RSI and the chart (Screenshot attached).
Opportunity?We can see that we are in a very strong bullish trend, we are retesting which can take us to a new high.
Possibility of possible purchase
If we do a very deep regression of this graph we can see that it can be a very good opportunity to do a by 2 or 3
As long as it does not break the line everything will be fine we see that at the moment it respects it very well which could be a buying area although it is advisable to accumulate a little and put an SL below the trend line
Blessings to all
A hot new DEFI coin ARDR In a rising channel. ARDR has been in this rising channel for awhile now and has been respecting the boundaries over all. It has been printing higher highs and higher lows . After this recent dip it still performed well with regards to respecting the rising channel and kept its higher low intact. Although a Rising channel at some point is Bearish, I believe that if BTC stays stable at current prices, ADAR will rebound to the top of the channel making an easy trade with a chance of breaking bullish.. It all depends on BTC remaining stable.
ARDOR TETHER (ARDR)⚠️Why You'll Never Succeed at Ardor Bears💬 Oddly enough the Austrian government is testing out Ardor (ARDR) technology. That is bullish for ARDR, if only in that it shows adoption is real and happening on some level. Adoption is great, but what is notable is the current price action where ARDRUSDT has broken away from its current range. Let's take a look at some levels to see if Ardor can find support and then keep running.
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Support:
S1: The S1 S/R flip is the main price pivot point in play atm for this pair. These bulls have a better shot if they can avoid testing this level too much and instead move straight up past the current price range. If we do see a break below S1, the bulls will want to watch the current range closely in case it acts as resistance. Below S1 there is additional support, but the bullish structure that compelled us to do this chart will be broken.
Resistance:
The previous range highs could see a reaction on the way up, but the idea here is actually to retest this level as support before going off on a nice run as illustrated by the upper ABC pattern on the chart. An entry of a retest of this level is an ideal entry for the bulls.
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Summary:
ARDRUSDT has a lot of promise, what the bulls need now is an impulsive move that finds support before pushing higher. While a retest of that major price pivot point could work, the risk of breaking back down into the previous range is high. That doesn't spell the end for ARDR, but it would be a bad look price structure-wise.
Resources:
finance.yahoo.com
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