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...
XCH - Chia is interesting project & its Official pool is finally alive. Lets start to plot and farm on our free disk space to earn with POST ( Proof Of Space & Time) instead of classic graphic cards POW (Proof Of Work) e.g. BTC/ETH which is less egological compared form long term perspective with...
The Chia Network - XCH is a new coin and protocol, while it has potential in the future the slow rollout of pooling protocol and lack of actual usage is spurring interest. XCH is currently in a period of consolidation before continuing downward trend. We see distribution during the pennant even though the price remains rangebound reflecting the general trend,...
Opening a long position on Chia xchusdt rn to $290, then should retest $265 or $259
Haven't done any TA in a while, but since this is a coin I have been more invested into than others thought I would try to cure my sanity a bit by attempting to get back into analysis. Usually descending/ falling wedge results in an upward breakout, but with how the current market sits... could be anybody's best guess.
The $400 zone is an important support area for XCH at the moment and a strong buying force will certainly emerge and push XCH back to the $550, $700, and $800 zones in the next few days. But if XCH loses this $400 zone, it will take a long time for us to consider buying XCH. 📈BUY 🔴Buy : 390-410$. SL if B 📉SELL 🔴Sell : 535-565$. SL if A 🔴Sell : 680-720$. SL if...
In 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...
Simple pennant pattern. Sound project. Get Chia while its cheap. Trade at your own risk.
Adjusted lower trend line for better fit. Retesting the lower boundary. If it breaks out to the upside we will see it in the next few days. Remember, pennant patterns are a 100% chance of uptrend. More like 70-80%. I still think this will break bullish., but this could see lower levels before rising again. Just means we can get in at even cheaper prices. Chia to the moon
$XCH - 1st trading week #Chia is still in a price fixing stage. The current breakout activated the next price target at $1069. However, we must first expect a pullback. Before we attack the price target with increasing volume and develop new bullish momentum.