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...
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.
➡️...
Chia forming clear cup and handle on daily with volume corresponding to chart pattern, pattern also coincides with start of Chia x Sirus Labs Hackathon on the 9th of August
Enter position within the annotated range
TP 1 : ~390
TP 2 : ~540
SL : 215
