Technical Analysis Crypto

Ariva (ARV) Technical Analysis: ARV May Consolidate Before a 23% Upswing Soon!



  •  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 (Data as of 12th April, 2022)


Source: Tradingview

  • 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


Source: Tradingview

  • 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

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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.


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