ARDRBTC Strong fundamental and technical statusAbout Ardor
Ardor is a service platform that evolved from NXT Blockchain. It launched on January 1, 2018 after a successful year on testnet. We were the first to buy it then to sell at listing pump.
There are three major fundamental advantages of the project:
1. Reducing blockchain bloat
2. Providing multiple transactional tokens
3. Hosting of ready-to-use interconnected blockchains called child chains.
A nice cite from its white paper. We carefully studied it and found it very reasonable.
"Ardor is a blockchain platform, that can be powered by the sun. It is a platform where businesses can setup their own chains without any need to code or secure it themselves. Ardor has a built in exchange between other chains on the platform, to easily exchange your token with others including fiat pegged ones like AEUR. Ardor offers Lightweight Smart Contracts that don't require the whole network for each dApp. Smart Transactions make features like a Deadman switch easy to implement. Fully developed features like built-in Voting, Messaging, Marketplace, Basic Cloud Storage and more."
Coming back to technical analysis we can see that from the base observed point 1 and 2 the price went out of the channel and moves in triangle pattern. It gained enough volume to break it upward soon. Nevertheless there is no divergence which is usually observed in such cases.
Strange Ichi formation was created buy recent short term dump, hence we can not rely on this indicator. However DMI suggest a nice possibility of breakout and trend analysis reflect its bullish state.
This is a free recommendation
Strategy:
Use <10% of deposit
Buy between 0.0000142-146
Free Target is 0.0000162
Stop Loss: 0.0000126
