Ardor (ARDRUSD) has broken out of the triangle pattern in the daily chart.

https://s26.postimg.org/xjkvk8wwp/nimet_n.png

(*Chart courtesy of Tradingview.com*)

In Elliott Wave terms, Ardor began a wave one advance in November 2016. The red wave one finished on February 6 this year, and the red wave two correction ended on March 10. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on June 20, and the red wave four correction ended on July 16. If this wave count is correct, Ardor should be heading next towards the June 20 peak in the red wave five.

https://s26.postimg.org/un2fxpggp/nimet_n.png

(*Chart courtesy of Tradingview.com*)

https://s17.postimg.org/7zbxkykfz/maarnio.png

If you think this analysis is correct, upvote this post and upvote the comment "Ardor will takeout the June 20 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Ardor will drop below the July 16 low".

If you think Ardor is in a range, upvote this post and upvote the comment "Ardor will stay in a trading range between the July 16 low and the June 20 peak until October 10".

You can upvote the comment until 3 PM EST September 10 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).