XCHUSDT 1W LONG📈Hi all. Timeframe 1 week. Chia, after falling by more than 85%, is in the accumulation channel with a step of 50%. Stops were taken out in the capitulation zone, after which the price returned to the channel. Depending on your type of trading, the following are relevant: 1) set in spot now 2) trade in the channel 3) long when the channel breaks out/retests. Marked goals/levels on the chart.
Xchusdtidea
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 target = $50as far as i predicted ago XCH gone from 400 to $250 ( attached the idea )
it could not hold its main and key support
the next support is around $150 and the best buy option is in $50
sorry . the fact is Bram cohen and its team are selling HARD and their project could not DO WELL ,after 5 months they still could not get WALLET or POOL or LIST The coin on any OFFICIAL EXCHANGE
to me SEC will gonna seek for them soon or late.
regards
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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