SpartaBTC

ARDOR Symmetrical Triangle. When breaking up 1 target + 65%

POLONIEX:ARDRBTC   Ardor / Bitcoin
A symmetrical triangle is drawn, which, by the way, can be a continuation of a downtrend and thereby confirm the figure of "Downtrend Pennant ." But let's not talk about the bad. It is likely that this "Symmetrical" triangle that is drawn is tried up.
The goal is the first resistance to the height of the widest part of the triangle. The target and the percentage resistance are the same.
The first target zone is about + 65%. Very strong resistance zone is 1400-1600 satosh. But it is worth noting that up to this zone + 220-250%. We limit ourselves to this potential. Although this is a pump coin that can go at 500 and 1000%. But remember the phrase: "Greed begets poverty."

Buying zone - entry when the triangle is broken up. It is possible at the first pullback, it is possible at a breakthrough, it depends on who has what kind of trading strategy.
Stop Loss - Below the bottom of the triangle. But as for me, if you are not sure about the movement, it is better not to enter.
The targets for the are sales 900-1200, 1400-1600, Well, for lovers of inadequate goals who always wait and earn nothing - 2100, 2900.
Trade active: There is a beginning of the exit from the triangle + 18%
If it succeeds, then the first goal + 65%
Comment:
Comment:
Comment: Ardor moves in the accumulation channel with a step of 40%. Now the price has hit the trend line of the internal channel. Fixing the price above it gives a high probability of price growth to the upper boundary of the channel, and this is + 25% (white arrow).

If the price cannot be fixed above this trend line , then we will see movement to the bottom of the channel (yellow arrow). Next, see how the channel support will be maintained.

When the price makes a movement of + 25% to the upper border of the channel, you need to be careful. A channel breakthrough (blue arrow) may occur. If the price fixes above the upper trend line of the channel (red line), then there is a high probability of a large price increase. Like this is a pump coin.
Comment: work on ANDR in the channel.
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