Technical analysis by AlanSantana about Symbol ARDR: Buy recommendation (10/5/2024)

When a pair goes bullish, it tends to produce a very long period of consolidation, sideways, boring, small jumps that are quickly corrected, etc. Only after 2-3 months of this, does the real strong bullish action starts.Ardor (ARDRUSDT) is at this point, ready for strong growth. It bottomed in July 2024. It produced a bullish wave that was corrected to a higher low, followed by consolidation and another bullish jump and we are currently within higher low territory. There is potential here for a major jump.There is super high volume recently and other pairs are breaking bullish. Caution though, as market conditions can always change.This pair looks good but we've been tracking it and trading it on its BTC pair, ARDRBTC. Here it is already moving and we like to get the bottom low. On the BTC pair we got the bottom so we have lower risk. The choice is yours.Namaste.