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ARWEAVE PRICE PREDICTION 2021 | ARWEAVE PRICE ANALYSIS 2021 | ARWEAVE NEWS 2021

cryptocurrency 3 months ago
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Join this channel to get access to perks: https://www.youtube.com/channel/UCtXqLID9teM66qZMlepHppw/join Arweave coin is currently moving downwards below the strong resistance trendline. The price is between major levels, i.e., $22 and $27. AR coin price might head as low as $16 if the mentioned support levels in the chart are broken, whereas an up move could be expected up to $32. Currently, the coin price is hovering near $23 and bears to seem in control of the situation. However, the situation can also be comprehended as a pullback. The 50 EMA (yellow) is above the 200 EMA (white), but both the EMAs do seem to get closer, and a bearish crossover could be expected in the 4-hour timeframe. A bearish crossover at such a position could drive the price lower. The RSI and ADX seem to develop a downward slope after a spike indicating slow momentum of price leading towards the oversold zone. CONCLUSION The resistance trendline is driving the price lower substantially. However, the support levels could disrupt the downtrend and lead the price to consolidation before another trend starts. #ARWEAVE #AR #CRYPTOCURRENCY
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