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

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

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

Technical Indicators & Pivot Levels

Technical Indicators

Pivot Levels

Oscillators

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

• 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

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