The Ariva price began the April trade with a strong bearish trend and plunged hard towards the lower support around $0.000314. However, the price ignited a strong flip, woefully, it remained a short-lived spike. The price quickly fell apart towards the same support and is attempting a flip. Due to uncertain market trends and less volatility, the price is expected to consolidate just above the support until the end of the day’s trade.
The ARV price rose like a giant during its initial days which was squeezed heavily later. Along with a depleted trading volume, the asset also experienced a price drain of more than 90% at a particular moment. However, the price managed to recover to some extent, but still carries the possibility of draining within the bearish well
|Short-Term||The ARV price after a huge slash in price may begin to accumulate bullish momentum and undergo a slight upswing|
|Mid-Term||The selling has not finished yet and hence the descending consolidation may continue until the asset hits the lower support|
|Long-Term||In the long-term, the asset is in a deep descending trend and despite a couple of flip attempts, the price may fail to eliminate the bearish trend|
|Technical Indicators||Value(1Hr / 1D)||Action (1Hr / 1D)|
|Relative Strength Index(RSI)||46.80 / 44.12||Neutral / Sell|
|MACD(12,26)||0.0 / 0.0||Neutral / Neutral|
|Average Directional Index(ADX)||33.57 / 35.38||Neutral / Sell|
|Bull-Bear Power||0.0007 / 0.0007||Buy / Buy|
|Average True Range(ATR)||0.0||0.0|
The bearish market is outspread along with the AVR price which is expected to continue for a long time from. Mainly, RSI being neutral and at the same levels is a major concern but the MACD is a little diverse. In the STF, buying volume is slowly growing while in HTF, selling volume may bottom soon.
On the other hand, the ARV price is very close to the immediate support in the short term, and hence if it slips from these levels, could easily fall into a bearish trend. However, the asset is zero-volatile and its strength is also extremely weak. Therefore a specific change in the trend may be expected.
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