Poloniex : ARDR would it break up or would it go side ways?
ARDR is almost a new born Alt Coin, there is not much information in it's history for us to relay on it. From it's entrance into poloniex, it started moving side way, but last week it made a new high price, although it was slightly higher than the previous one, still, it means than the market tried to rise the price as much as possible above the previous high.
Now, there are two possibilities, either the price will drop to hit the floor of the side way tunnel, or, it will retrace up to 23.6% retrace and then try another break out for a new high, in this case, if it succeed, it may have the chance to hit 1.61 target.
Now, there are two possibilities, either the price will drop to hit the floor of the side way tunnel, or, it will retrace up to 23.6% retrace and then try another break out for a new high, in this case, if it succeed, it may have the chance to hit 1.61 target.