ARDRBTC trade ideas
ARDR/BTC - The bulls were there.After the rally on this pair I waited for a retracement to a 50% level of the last swing and a support level on the daily (orderflow). I placed a limit order in the event that price would come back to this level for a low risk entry. You can see on the 15min chart how this played out my Limit was set at 0.000050. Price came down and the bulls were evident by the swing low (Doji candle) that was formed. Looking for a HH of the last daily swing.
ARDRBTC - Elliott Wave Analysis - Bounce to BArdor - ARDR appears to have found it's footing. After making a large run beginning in April as many AltCoin did, it peaked in late June and proceeded to retrace 78.6% of the advance. The last couple days have broken the descending trend line and ARDR has begun to move upward.
On the daily chart, RSI has given an initial buy signal, but MACD has not yet confirmed the move, however it should do so if the last couple days trading are true and the long corrective trend line has been broken.
The Elliott Wave count shows the initial corrective move to A has completed, and a rebound or bounce to B is to be expected.