- The ARV price closed the previous day’s trade at $0.000325 with a market capitalization of $20.76 million and a circulating supply of 63.06 billion ARV
- The price after a deep bearish trend is attempting a flip but woefully the asset may face an interim rejection towards the lower support very soon
Ariva(ARV) Technical – Analysis for Today: 12 April 2022
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.
Ariva(ARV) Technical Analysis at a Glance
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 & Pivot Levels
|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.
ARV/USDT Technical-Analysis for Short-Term
- The asset amid the recent descending trend, the price attempted a notable flip, but unfortunately, the price was slashed heavily
- However, swinging within the descending triangle, the possibility of a further drop emerges after a small consolidation in between the current levels
- Yet, the price is expected to rebound on hitting these levels as it did previously but the current flip may not be so strong as the volume has depleted a lot
- And hence until a strong influx of liquidity approaches, the price could swing within narrow braces
ARV/USDT Technical Analysis for Long-Term
- The ARV price smashed the ATH in the beginning and further fell into a deep bearish well
- The asset began trending within a descending parallel channel, mainly swinging within the upper band of the channel
- Woefully, the asset is slowly yet steadily plunging towards the middle levels and eventually attempts a flip from these levels towards the upper resistance
- The buying and selling volumes are almost equal and due to this the volatility has depleted that compelling the price to trade within a narrow range
Where & How to Buy Ariva(ARV)
If you are planning to buy an Ariva (ARV) token, then CoinDCX is the best destination. We offer the best deals in the market with multiple benefits and features. To start with, just register by downloading the CoinDCX App on your smartphone. Later follow the instructions and enter the required details. Once your details are verified, just fund your wallet and buy Ariva (ARV).
Investing in any of your crypto assets has become more simple and safer on CoinDCX with the Crypto Investment Plan (CIP). Here you can invest in your desired cryptocurrency in simple weekly installments for a specified tenure. Therefore, start in Bitcoin & other cryptos with Crypto Investment Plan now!
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].
The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.
Key Takeaways: After trading under the bearish influence, Bitcoin price…
Learning about technical analysis and indicators have not been easier before!