Roaring to Profits: Uncover the 8.86% Upside Potential in ARRUSD
Technical Analysis:
1.The red line represents a crucial breakout point that triggers an 8.86% bull run.
2.Set your stop loss based on the demand zone of either 1 or 4-minutes intervals. If you need assistance in creating them, please direct message me.
3.Take profits by closing half of your position when reaching the orange line, and adjust your stop loss to breakeven if I haven't provided an update in the thread.
4.Close an additional 25% of your position at the blue level.
5.Remain patient for confirmation of trend continuation, which will be communicated in the thread.
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ARRRUSD trade ideas
$ARRR: The Most Powerful Meme Privacy Coin $ARRR exploded the last bull run. It ran from the low in March, 2020 from $0.0108 to a high of $16.56 for a WHOPPING 15,300% increase in just over a year’s time!!! One of the reasons this incredible meme privacy coin ran so much is due to its relatively small market capitalization and incredible potential.
$ARRR is one of the leading privacy coins and uses a variety of next-gen tech to ensure user confidentiality. It offers some incredible features like built-in mixers and stealth addresses!
Currently, $ARRR has been going down and sideways in a descending channel. When $ARRR breaks from this channel, I suspect it is going to explode and surpass the prior ATH!
$ARRR has strong weekly support at around $0.446 and strong weekly support around $0.30. If $ARR breaks down from $0.30, then the next level of strong weekly support is around $0.225. However, if $ARRR can penetrate the strong weekly resistance around $0.446, then I suspect we’ll see it run to a new ATH!
Running a logarithmic Fibonacci extension from the prior weekly high to the current weekly low shows the 1.272 extension coming in around $25.80 and the 1.618 extension coming in around $85.00. If $ARRR gets another pump this coming bull run similarly to the prior bull then, then I wouldn’t be surprised to see it explode to $25.00 - $85.00!
You can currently pick $ARRR up for around $0.30.
Let's get this crypto!
$ARRR Looking Like a Great Buy!$ARRR has been consolidating between the 0.5 ($1.91) and 0.382 ($3.03) Fibonacci retracements. We are seeing very strong support around $1.91. I would be looking to be a buyer around that zone.
On the bullish side, we can see three drives bullish divergence on RSI showing which shows us that the bulls are gaining strength, thus increasing the chances for some upside.
We can also see price consolidating right under the horizontal trendline. A break of this trendline with a stop below the recent low could present a nice long entry.
$ARRR Macro UpdateConfluence between 1.86-1.77 range for potential bottom. Any sharp moves beyond this would meet long-term support at 1.44 and worst case max pain near the .86 level in a crash event. Should find a bottom by the 25th-29th in a quick resolution of price action to the downside. Any continued selling should be completed by first week October.
Next Pirate Chain Phase Changes - Transition Phase Starting!It's current phase of gradual decrease with great peaks will stop at about 13th July. From there, we will either see a long, stagnant phase like 2013BTC (if I've gotten the year right it's that or 2012 although I think I've got it right) where it rises dramatically, has a double peak and then decreases gradually, although this time looks a bit different due to the third peak and the different peak heights (there are similarities and differences, got the comparison from The Contrarian Dude).
The difference in dates for the RSI and price fib time zones is probably going to be the RSI changing phase and adjusting itself for reflecting in price changes.
I believe it's very likely we get a great price increase as the next price phase - perhaps it starts increasing greatly along the price fib which reaches 110, although I have no idea how to judge which level it will go to yet.
The price decrease fibs I've drawn where the price goes down to the blue level indicates that we're probably actually at the lowest point now. If so, we'll see a significant price increase until 20th June; when the RSI cycle changes. I believe that this will present itself as a transition phase - the peaks/troughs probably forming a curve of some sort with either the RSI or price.
Pirate Chain accumulated on dipsPirate Chain confirmed the April breakout levels without any sight of sell-off from March buyers. Intraday charts show repetitive buying pattern when price drops which shows slow accumulation with an intention not to move the price up. As privacy coins are expected to move up to make up lost time during the last months we will probably see Pirate Chain breaking out to the upside. This is a very small coin with the market cap of $1.3b with the potential to reach Bitcoin market cap within a couple of years (around x1,000 increase) as central bankers continue to expand money supply in an unprecedented rate. To see how M2 money supply has influenced bitcoin price in the past see Raol Paul's video on YT ('Introduction to the exponential age'). We can see Pirate Chain being in the same place as bitcoin a couple of years ago in terms of market adoption. There's more and more dissatisfaction with Bitcoin censorship, lack of fungability and privacy. In recent years we've seen lots of huge pro investors putting money into bitcoin, however they haven't catched on to privacy coins yet. In fact they call them 'shitcoins'. They receive the same treatment like bitcoin in 2012. It's just a matter of time when 'smart money' from huge hedge funds starts flowing into coins with better technology, while also trend following algos start placing bets on daily charts with at least some of the budget from hedge funds going into these small (yet) projects like ARRR. Risk for ARRR = 100% of capital. Target = keep it until at least $10,000 and buy dips (60%-80% drops to be expected).