Chiaanalysis
XCH accumulation zones and targets HUOBI:XCHUSDT
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Possible Targets
➡️Almost 1 year trades in downtrend.
➡️Since June 2021 under 0 lvl by FIB
➡️-0.18 lvl and -0.27 lvl usually works like accumulation zones for long term investments.
➡️ Mood on market in disbelief zone
➡️ On indicator you see green zones where big players buying CHIA
➡️ Fundamental price where will be the best time to buy around 38-40$ per XCH if BTC will drop to 30K once again
➡️ IF not and from current correction BTC going to new ATH, everything under -0.18 lvl by fib on XCH is good enter point now
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XCH on Daily (chia-pooling-protocol-officially-released)The Chia Network created the coin with a focus on the environmental implications of digital currency "mining" — the highly specialized, energy-intensive computing process that creates new coins by solving complex equations.
The Chia Network was founded by Bram Cohen, who also invented the peer-to-peer file-sharing system BitTorrent,
The key difference between chia and other cryptos, according to its founders, is its "proofs of space and time" method of verifying transactions that utilizes unused disk space on users' hard drives and is more energy-efficient than bitcoin's "proof of work" model.
It starts to look good for XCH on Daily as well as on lower time frames
DYOR
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ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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Chia XCHUSDT 6h So far there is little positive on the chartIn recent months, the Chia Network project made a little noise and made itself felt in the cryptocurrency market because the price of the Chia token reached $1,700 at highs
Our colleague, more closely follows the project, and told us that the project is developing, the network has grown more than 60 times and there are many positive reviews more.
We do not know how and do not want to fall in love with projects, but simply consider each of them as a tool for trading.
So let's see what the XCHUSDT chart tells us.
Now we see little positive on the chart, the volumes are decreasing, and the price falls with red candles and without any problems and struggles approached the critical level of $500.
Below $500, the nerves of the most stable ones will give way and the price of ChiaUSDT may start to fall even faster.
We assume that a lot of money will start to be purchased thoroughly no earlier than in the $320-340 zone.
The minimum positive scenario is a rebound from $500 to $ 570-600
And then you will have to look at who is stronger:
- If buyers, then grow up to $900 is possible
- If sellers, then drop to $400, or even to $320-340
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