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Chia XCHUSDT 6h So far there is little positive on the chart

OKEX:XCHUSDT   Chia Network / Tether
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 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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Comments

Looks bearish so far..
+2 Reply
Great idea! Thumbs up:)
+1 Reply
@KlejdiCuni thank you bro
Reply
Good and nice fundamental outlook👏
+1 Reply
P_S_trade jazerbay
@jazerbay, thank you mate
Reply
good analysis here :) will wait for confirmation thx
+1 Reply
P_S_trade jojofang0901
@jojofang0901, thanks for comment
Reply
I agree with your opinion 🦐
+1 Reply
@plancton0618 thank you buddy
Reply