$ARRR Forming a Bullish Pattern - 30% Price Increase Possible

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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Commento:

Possible Long Setup #1

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Possible Long Setup #2

Commento:

Line in the sand... Hail Mary Long Setup

Commento:

As we can see on the chart, $ARRR bounced right off our support line before reversing further.

Commento:

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.

Commento:

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!

Commento:

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!