Pirate Chain (ARRR) Technical Analysis 2021 for Crypto Traders

Pirate Chain (ARRR) Technical Analysis 2021 for Crypto Traders

In Pirate Chain (ARRR) Technical Analysis 2021, we use past statistics, price analysis, RSI, RVOL, and much other information about ARRR to analyze the future movement of the cryptocurrency

Pirate Chain (ARRR) is a unique private send cryptocurrency. It utilizes an advanced privacy protocol that cannot be compromised by other users. Most privacy coins are riddled with holes created by optional privacy. Pirate Chain uses zk-SNARKs to protect 100% of the peer to peer transactions on the blockchain making for highly anonymous and private transactions.

Pirate Chain (ARRR) Current Market Status

According to CoinMarketCap, the ARRR price is trading at $8.02 with a 24-hour trading volume of $5,264,769, at the time of writing. However, ARRR has increased by 12.28% in the last 24 hours. 

In addition, ARRR has a circulating supply of 185,492,141.41 ARRR. Currently, ARRR trades in Bitcoin.com Exchange, Changelly PRO, KuCoin, Gate.io, and Bilaxy. 

Pirate Chain (ARRR) Technical Analysis 2021 

Pirate Chain (ARRR) holds the 218th position on CoinMarketCap right now. The recent development and upgrades might push ARRR to reach new heights. Now, let’s deep dive into the ARRR technical analysis 2021. The daily time frame chart of Pirate Chain (ARRR) is shown below.

           ARRR/USDT Cup and Handle Pattern (Source: Tradingview)

The above chart shows the Cup and Handle patterns. A cup and handle is a technical chart pattern that is similar to cup and handle where the cup is in the shape of a “u” and the handle has a slight downward drift. A cup and handle are considered a bullish signal extending an uptrend and is used to spot opportunities to go long. 

ARRR trades in a range of $8.02. If the price breaks the trend line then it falls to the support level of $2.90

Pirate Chain (ARRR) RSI

The below chart shows the relative strength index (RSI) of ARRR. 

ARRR RSI (Source: TradingView)

As shown in the below chart, RSI remains at 66.99. This shows that ARRR’s price is in a nearly overbought state. However, this shows that traders can trade fearlessly.

Pirate Chain (ARRR) RVOL

The below chart shows the Relative Volume of ARRR. RVOL is an indicator that represents to traders how the current trading volume has changed over a period of time compared to the past trading volume.

ARRR RVOL(Source: TradingView)

Notably, in the last week of July, it is found that the RVOL of ARRR observed is weaker. Currently, the RVOL of ARRR remains below the cutoff line which represents the weaker participants in the current trend.

Pirate Chain (ARRR) Moving Average

ARRR’s Moving Average (MA) is shown in the chart below. Moving Average is a part of technical analysis that supports traders to find trends.

ARRR MA (Source: TradingView)

Currently, ARRR is in a bullish state. However, ARRR price touches 50 MA (short-term), and it has a high chance of moving above the 50-MA level. Once it moves above 50 MA and 200 MA levels, it completely goes to a bullish state. Moreover, there is a high possibility of a Trend reversal at any time.

Pirate Chain (ARRR) Price Comparison With Bitcoin

The below chart shows the price comparison between ARRR and BTC. 

ARRR vs BTC Price Comparison chart(Source: TradingView)

From the chart, we can identify the trend of the BTC and ARRR is moving at the same level as the trend. This indicates when the price of BTC increases or decreases, the price of ARRR also increases or decreases respectively.

Conclusion

With the ongoing developments and upgrades that are taking place within the ARRR platform. Pirate Chain has a great future ahead in this crypto market. However, ARRR can reach new heights.

Bullish ARRR price prediction 2021 is $ 7.70. As mentioned above, it may reach great heights, however reaching $8, if investors have decided that ARRR is a good investment in 2021.

FAQ

What is ARRR?

Pirate Chain (ARRR) is a unique private send cryptocurrency. It utilizes an advanced privacy protocol that cannot be compromised by other users.

Where can you purchase ARRR?

ARRR is listed on many cryptocurrency exchanges that include  Bitcoin.com Exchange, Changelly PRO, KuCoin, Gate.io, and Bilaxy. 

Will ARRR reach a new ATH soon?

With the ongoing developments and upgrades inside the ARRR platform, it has a high possibility of reaching its ATH soon.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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