Another very solid project: Ardor! Ardor is a project of Jelurida, who have been around since 2013! Ardor is an evolution of the Nxt software that addresses issues of blockchain bloat, scalability and versatility (a huge problem on ethereum, remeber the Crypto Kitties). Ardor is being designed as a complete ecosystem where multiple players can interact with each other without needing to go outside the platform.
Ardor priceaction is very straigthforward: higher highs, higher lows: the definition of an uptrend! Ardor went live on january 1. 2018, we saw a major bullrun while approaching this date, then there was some fud due to the fact that Bittrex closed trading for quite a few days, having internal problems connecting to the new blockchain. Ardor ended up allmost fully retracing the bullrun and hit longtime support a few days ago. The fact that this higher bottem in price led to a lower bottem in the RSI-indicator (hidden bullish divergence) is the icing on the cake!! Look for a new bullrun towards at least the green target box.
Im ALL IN at 3150sat and set SL ~3000 .. lets see :)
Crypto_Keiser
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@raFw, that is a tight stop loss for any crypto a quick wick down and you are out.. but let us pray to the BTC-gods that sentiment changes for the better fast.. so we can go and see the moon again! Good luck!!
ActionBronson
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What you are depicting with the green lines in this picture is actually a bearish divergence...
@Crypto_Keiser, thats not how a divergence works. you cant link the entire way. you have to connect the two closest bottom points that are next to each other
Crypto_Keiser
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@clutch90, thx for the input.. it isn't exact science though and I have taken the two closest bottems on the price supportline! But how about the weeklychart than.. the higher the timeframe the stronger the signal ;)
clutch90
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@Crypto_Keiser, weekly chart does in fact have a hidden bull, id draw it differently on that chart too, but it definitely does. and higher time frames win, which means it should be a good year for ardr :D