Technical Analysis Crypto

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

Common

KEY TAKEAWAYS

  •  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)

ARV/USDT TECHNICAL-ANALYSIS FOR SHORT-TERM

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

ARV/USDT TECHNICAL ANALYSIS FOR LONG-TERM

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

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 .
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.


 

Share this Story

Check Also

Avalanche (AVAX) Technical Analysis: AVAX Price Eye’s at a 30% Jump Soon!

Key Takeaways The AVAX price closed the previous ...

GET ALL LATEST UPDATES ON YOUR EMAIL





    Categories

    Invest in Bitcoin, Ethereum, & other 200+ crypto assets.
    Download the app now, register & start with as low as Rs.100
    ios download link
    android download link
    qr code for download