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

Crypto Price Prediction

Key Takeaways

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

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

Pivot Levels

Pivot Levels Short-Term Long-term
Moving Average(MA)-50 $0.000327 $0.000318
Moving Average(MA)-200 $0.000359 $0.000457
Resistance $0.000363 $0.000559
Support $0.000317 $0.000246

Oscillators

Oscillators Short-Term Long-Term
Stochastic Oscillator 55.78 39.69
Ultimate Oscillator 43.35 44.04
Average True Range(ATR) 0.0 0.0
CCI 83.56 -136.8

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

Source: Tradingview

ARV/USDT Technical Analysis for Long-Term

Source: Tradingview

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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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