After a lot of side ways movement, I got the notification that Ardor moved up 5% and had to take a look.
Yesterday we nudged above the 200 MA - the range where we have seen resistance.
Did traders get interested and look for some information only to discover the updated websites and better understand the fundamentals behind the Ardor technology? I don't know, but it's worth asking.
It's hard to find trend lines for the short term, but if we stay above the orange line or the 200 MA the longer term outlook could finally turn bullish.
I don't have any trading positions in Ardor but am fascinated with the technology and just having fun with my observations. This is not trading or investment advice.
Yesterday we nudged above the 200 MA - the range where we have seen resistance.
Did traders get interested and look for some information only to discover the updated websites and better understand the fundamentals behind the Ardor technology? I don't know, but it's worth asking.
It's hard to find trend lines for the short term, but if we stay above the orange line or the 200 MA the longer term outlook could finally turn bullish.
I don't have any trading positions in Ardor but am fascinated with the technology and just having fun with my observations. This is not trading or investment advice.