$ARRR Forming a Bullish Pattern - 30% Price Increase Possible
Updated
What's up Cryptonaughts!
Are you all ready for this upcoming bull run? Are your bags loaded?
We can see ARRR is making higher highs and higher lows and is forming a bullish looking triangle on the 4H.
Currently, there is 'unconfirmed' phantom bearish divergence on the 4H. If bearish divergence is confirmed, then I would be looking for a pullback to the 4H 21EMA around $0.2285.
If price can hold support there, then I am looking for bullish continuation on to the final target around $0.30.
If price cannot hold support at $0.30, then I suspect we'll see a pullback down to the next major level of support around $0.218.
I remain bullish as long as support at $0.218 is held. If support is lost there then I would need to revisit the chart and re-evaluate.
If price loses support at $0.218, then I suspect we could see a move all the way down to the last major level of support around $0.20.
This is a key support level. If support is lost at $0.20, then I bet we'll see a move down to $0.17, with possible continuation after. I would have a short bias at this point and would be looking to pick up some spot on the cheap cheap!
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Pirate Chain (ARRR) is a privacy-focused cryptocurrency that aims to provide enhanced privacy and anonymity for its users. It is based on the technology of the ZK-SNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) protocol, which is also used in other privacy coins like Zcash (ZEC).
Here are some key points about Pirate Chain (ARRR):
Privacy and Anonymity: Pirate Chain places a strong emphasis on privacy and anonymity. It aims to offer enhanced confidentiality in transactions by using zk-SNARKs, a cryptographic method that allows users to prove ownership of a certain piece of information without revealing that information. This technology is used to shield transaction details, sender, and receiver information.
Blockchains and Decentralization: Like other cryptocurrencies, Pirate Chain operates on a blockchain, which is a decentralized and distributed digital ledger. This ledger records all transactions and ensures the security and integrity of the network.
Community and Development: Pirate Chain has an active community of supporters and developers who work on improving the project. The community-driven nature of many cryptocurrencies fosters ongoing development and innovation.
Use Cases: While Pirate Chain primarily focuses on privacy and security, it can be used for various purposes like online purchases, peer-to-peer transactions, or as a store of value. The extent of its adoption and usage may vary.
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Please like and leave a comment if you would like to see more technical analysis! Thank you!
Are you all ready for this upcoming bull run? Are your bags loaded?
We can see ARRR is making higher highs and higher lows and is forming a bullish looking triangle on the 4H.
Currently, there is 'unconfirmed' phantom bearish divergence on the 4H. If bearish divergence is confirmed, then I would be looking for a pullback to the 4H 21EMA around $0.2285.
If price can hold support there, then I am looking for bullish continuation on to the final target around $0.30.
If price cannot hold support at $0.30, then I suspect we'll see a pullback down to the next major level of support around $0.218.
I remain bullish as long as support at $0.218 is held. If support is lost there then I would need to revisit the chart and re-evaluate.
If price loses support at $0.218, then I suspect we could see a move all the way down to the last major level of support around $0.20.
This is a key support level. If support is lost at $0.20, then I bet we'll see a move down to $0.17, with possible continuation after. I would have a short bias at this point and would be looking to pick up some spot on the cheap cheap!
---
Pirate Chain (ARRR) is a privacy-focused cryptocurrency that aims to provide enhanced privacy and anonymity for its users. It is based on the technology of the ZK-SNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) protocol, which is also used in other privacy coins like Zcash (ZEC).
Here are some key points about Pirate Chain (ARRR):
Privacy and Anonymity: Pirate Chain places a strong emphasis on privacy and anonymity. It aims to offer enhanced confidentiality in transactions by using zk-SNARKs, a cryptographic method that allows users to prove ownership of a certain piece of information without revealing that information. This technology is used to shield transaction details, sender, and receiver information.
Blockchains and Decentralization: Like other cryptocurrencies, Pirate Chain operates on a blockchain, which is a decentralized and distributed digital ledger. This ledger records all transactions and ensures the security and integrity of the network.
Community and Development: Pirate Chain has an active community of supporters and developers who work on improving the project. The community-driven nature of many cryptocurrencies fosters ongoing development and innovation.
Use Cases: While Pirate Chain primarily focuses on privacy and security, it can be used for various purposes like online purchases, peer-to-peer transactions, or as a store of value. The extent of its adoption and usage may vary.
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Please like and leave a comment if you would like to see more technical analysis! Thank you!
Note
Possible Long Setup #1Note
Possible Long Setup #2Note
Line in the sand... Hail Mary Long SetupNote
As we can see on the chart, ARRR bounced right off our support line before reversing further.Note
Next, we can see that ARRR bounced right at the second level of support before continuing down to our next level (last line in the sand) of support. Note
Now, price is consolidating on our last line of support. Considering how bearish 
BTC and traditional markets appears, I suspect we'll see this triangle play out to the downside. Further, I suspect this next dip might be the last opportunity to get dem ARRR bags filled before this upcoming bull run!
Note
If the triangle pattern breaks to the downside, then I suspect we'll see a move down to the next major level of support around $0.18. WIth likely continuation down to the next major support zone around $0.1550. I am preparing to load my bags there as I suspect that could be the last major dip before prices spikes to a new all time high!!! Please see past ARRR chart analysis for new all time high price predictions!
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Twitter: twitter.com/CryptoGuru369
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