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...
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...
Chia was incorporated in August of 2017 to develop an improved blockchain and smart transaction platform. We are building the Chia Network to improve the global financial and payments systems. Chia will be the first enterprise-grade digital money. Chia is using the first new Nakamoto consensus algorithm since Bitcoin. Called Proof of Space and Time, it was created...
Chia has found some sideways momentum after breaking out of an almost month long downtrend. Look for Chis to rise to the occasion as it is now being listed on multiple exchanges. Keep in mind Chia is only just a month old and has a ton of upward potential.
Hi
Xch can reach 200 usdt easily.
I would short it till 200 to 250 usdt.
The maximum price that it can see is $700 by next months but in long term we can see big amounts for it.
Long term target for next 4 to 5 years as far as it holds 200$ support is around 30 to 40k usdt.
Good luck.
