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XCHUSD

Chia > $900 - $1,900🌱 (CHIA/USDT) (July 4, 2024) (#Chia #Spot) Chia is a promising cryptocurrency that I've been following for a long time, focusing on mining using hard drives. Do you remember the days of GPU mining? There was clearly collusion with Nvidia and AMD, which caused stock prices to rise, as well as Ethereum itself :). Here, the situation is similar, involving major companies like Seagate and Western Digital that produce hard drives. Why set price targets at $1000-$3000? Because there will come a time when people will be buying hard drives in stores for mining, and the payback period for the Chia coin will be 3 months. That will be the time to lock in positions. Additionally, Chia will survive crypto regulation, and they plan to go public with an IPO. Chia (CHIA) — Chia is a company that has developed a blockchain and cryptocurrency platform called Chia Network. It is an alternative to Bitcoin and other cryptocurrencies, but with a focus on energy efficiency and sustainable mining practices. ▫️ Chia can be obtained through farming, which involves using storage space instead of computational power to secure the network. Additionally, Chia has a strong community of users and has gained recognition in the academic field through various papers and presentations. 🕵️ Investors (Tier 1,2): a16z (Andreessen Horowitz, IDEO CoLab Ventures, DCM Ventures, Naval Ravikant, Slow Ventures, Greylock Partners. dropstab.com cryptorank.io 🟢 Entry price: $22.15 🟢 Take Profit 1: $900 (50%) 🟢 Take Profit 2: $1900 (50%) Chart: • Spot Market without leverage. • Trade risk set at 20% of the deposit.
Long
by UnknownUnicorn285026
5
XCH Main trend. 05/08/2024Logarithm. Time frame 1 week (no less is needed). One of the lagging cryptocurrencies. The reason is that the crowd was previously imprisoned thanks to PR by bloggers. Little by little, “faith is being killed.” It is worth paying attention to cryptocurrency, but without fanaticism, observing risk management. 🟡 Secondary trend — the price is still in the range of the accumulation channel, just over 100% of the main set zone. 🟣 Local trend —downward channel. There is a pullback from the channel resistance. Its reversal levels are indicated in yellow. It is also important to break through the resistance of the local downward channel. 📊 Volatility range of trend development now — horizontal channel range levels + fan (partial reference). 📊 After exiting the horizontal channel range (conditional set) — the main focus is on dynamic fan support and resistance zones + partially resistance levels. This is what it looks like on linear.
Long
by SpartaBTC
1
XCH /USDT (Chia) Main trend. Horizontal channel 11.6 monthsLogarithm. Time frame 1 week. Main trend. Maximums trend. False targets. KuCoin exchange chart. At the peak of pumping, under the bull market hype price was HKEX:1600 (OKX exchange, where there is also a significant volume of trades). This price should not be considered in TA because it was made (more than 2000$) at listing and with super low liquidity. Resistance levels (target sell zones) are marked in different colors for clarity. Remember, the less you set targets in the trading tools (coins), the more you earn at a distance in the market. The horizontal channel zone (accumulation of almost 1 year). At the moment of publication, the price has been moving for 350 days (11.6 months) in the parallel horizontal accumulation channel with the step of 108.4%. This is a good sign. The price is now in a squeeze (the average price of this accumulation). This is what the trend looks like on the line chart. Stop Loss Zone. Rationality of the strategy. I would like to emphasize that the stop loss under the support of this accumulation has not been knocked out (reset) at this point. This is not a mandatory action, but it is common. Just keep it in mind and consider it a conditional temporary risk, so to speak. To minimize this contingent risk, use a stop loss or, more rationally, work at an average buy/sell price. Let me remind you again that the price is now clamped with orders on the exchange (it has been there conventionally for 6 weeks) and this is the average price of this parallel channel. I deliberately showed the percentage values of the main support/resistance zones in case of the price compression (6 weeks in a very narrow range) on the chart for orientation and understanding of the logic of work. Secondary trend Time frame 3 days XCH /USDT (Chia) Secondary trend. Channel.
Long
by SpartaBTC
36
XCH /USDT (Chia) Secondary trend. Channel.Logarithm. Timeframe 3 days Secondary trend. Zone of the horizontal channel. Zone of the horizontal channel (accumulation of almost 1 year). At the moment of publication the price has moved in the parallel horizontal channel of accumulation for 350 days (11.6 months) with the step of 108.4%. This is a good sign. Now the price is in the compression zone (the average price of this accumulation). This is what this horizontal channel zone looks like on the line chart. Stop Loss Zone. Rationality of the strategy . I would like to emphasize that the stop loss under the support of this accumulation has not been knocked out (reset) at this point. This is not a mandatory action, but it is common. Just keep it in mind and consider it a conditional temporary risk, so to speak. To minimize this contingent risk, use a stop loss or, more rationally, work at an average buy/sell price. Let me remind you again that the price is now clamped with orders on the exchange (it has been there conventionally for 6 weeks) and this is the average price of this parallel channel. I deliberately showed the percentage values of the main support/resistance zones in case of the price compression (6 weeks in a very narrow range) on the chart for orientation and understanding of the logic of work. Main Trend 3 day time frame. XCH /USDT (Chia) Main Trend. Horizontal channel 11.6M
by SpartaBTC
39
Chia Network, set for a price explosion???Chia network has seen quite the drop in price by 97% since its launch. We have a few things going on here: On the bearish: 1) Price is trading below the ema ribbon, and even then the spread of the ribbon is not offering a whole lot of resistance but it is there. 2) The red ichimoku cloud spans around 80% above our current price action. XCH will have to break above this zone to even begin talks of a potential uptrend. That's really about it for the bearish side of things. On the bullish: 1) The rate of the downtrend has slowed significantly 2) Chia's maximum circulating supply is very close to bitcoins. In the 20 million coin range, and chia is only valued at ~$70 as of right now, coupled with an extremely low market cap. 3) We have bullish daily RSI and MACD divergence on not only the USDT pair but the BTC pair as well. Here are the main reasons why I believe Chia will struggle to start an uptrend unless something changes: 1) Since the coin has launched, the market cap has pretty much stayed the same. If coins are slowly introduced into the ecosystem but there are no more buyers than there are sellers, the price is going to go down. Simple supply and demand. 2) The coin is only listed on 3-4 exchanges I believe. This is likely why the market cap has stayed relatively the same since introduction. Since Chia runs off of the Nakaomoto consensus like Bitcoin, the introduction of new coins into the ecosystem will slow down over time becoming "deflationary". If Chia can start to increase its market cap, which will likely happen with more exchange listings, it is very possible to see chia trading back at Ethereum level prices again. Overall I'm more bullish on this coin than bearish. I would not be surprised if the short/medium term price of this coin drops because of what I have outlined above. I would HODL this coin rather than trade it if that makes sense. Remember, this is not financial advice and always do your own analysis/research before making any decisions on the market.
Long
by MarketM8ker
1
Chia Network, a long term vision. XCHUSDTHello my friends, A multi timeframe analysis of Chia and a long term vision for investment. The price had a very deep correction and now is in the side area. So If the price breakup the major resistance and usually after that at pullback to level as a retest, will good point to buy. Totally I expect price growth and investing for 1 year. You can consider it and the price actions in the circle to buy it. Good luck If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below for me
Long
by ArashBanakar
5