X

Pirate Chain Price Analysis: ARRR Coin Trend Cycle Seems Bullish For Longer Period

  • The ARRR coin price is in an uptrend, around 9.2%, during the intraday trading session.
  • The 24-hour trading volume is at $1.115 million.
  • ARRR/BTC pair is trading positive by 11.7% at 0.00005983 BTC.

Daily technical chart and price trend of ARRR coin are showing a bullish trend. Based on the pivot level, the first support zone is 2.10 USDT. From another perspective, if it rushes, the resistance level to watch is 3.0 USDT. Thus, the graph made a bearish harami candle pattern during the day, and the cost is relied upon to remain downside with unwavering medium force.

The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost is fighting the red ribbon, so it will guarantee a downswing in ARRR coin until it’s below the ribbon.

Trading volume (42.154 K) is above the 20-day moving average (30.19 K). To put it plainly, the volume is high, making the cost struggle at the support levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is normal in the following trading days.

The Schaff Trend Cycle indicator (bullish) with a 99.97 represents a buy signal in the coin, projecting an uptrend. Additionally, Investors can see a green buy signal and an upward slope in the index.

ARRR Coin Price Trades Below The 200-EMA

The Pirate Chain is priced at $2.59 today, and the 24-hour trading volume is $1,115,981. ARRR prices have risen 9.2% in the last 24 hours. It has a circulation of 190 million ARRR coins and a total of 200 million. The STC points to a buying indication, and the traders have prompted high volume. In fact, the cost struggles at the support level. In like manner, with the general market perspective, the pattern stays bearish for coming trading days.

Resistance Level: $3.0

Support Level: $2.10

Categories: News
Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.