Ardor Trading At New Lows | Oversold

9 Oca 2020

Ardor (ARDRBTC) just hit a new All-Time Low yesterday after a very strong decline. There are still no reversal signals but a low might be in... Let's take a look.

Look at the light blue squares, we have long-wicks each time the bottom support was hit and a soon after a bullish wave followed.

There is bullish divergence with the MACD and the RSI reached extremely low/weak/oversold.

After a small period of consolidation, 4-9 days, we are likely to see Ardor (ARDRBTC) move higher.

The red dashed line at the bottom can be used as the main support and stop-loss. If prices move below this line the above signals are invalidated.

Thanks a lot for reading.

Namaste.