Ardor Gaining Momentum & Going Higher

Sep 22, 2019

Ardor (ARDRBTC) has been moving higher and is now above EMA50 (magenta line). With this level conquered, the next target becomes EMA100 (0.00000721), but with the nature of cryptocurrency being violent and wild, it can easily reach much higher and hit 0.00000798 on the first impulse only to continue higher... That is if the bulls follow up.

For ARDRBTC to move lower it first needs to close daily below EMA10 (0.00000603). The next support levels are marked on the chart with blue dashed arrows.

The bearish scenario is the less likely right now. Ardor is very likely to move higher soon.

Namaste.