Both stocks and crypto markets have been down in most of 2022 (largely due to inflation, rising interest rates, and talks of an upcoming global recession), but in the last month we've seen a few interesting patterns emerge:
- Proof-of-Storage coins, particularly Chia Coin (XCH) and STORJ (STORJ) have seen very favorable gains.
- The two major crypto coins,...
On the weekly chart above:
1) RSI has been heavily oversold for quite some time.
2) Bullish divergence as drawn, RSI forming descending wedge.
3) Price has declined over 90% from ATH.
Also the 3D BTC pair below breaks out of resistance quite decisively and prints a bullish engulfing candle (Also BE candle printed on 1W BTC pair. Wow!)
Initial targets 41-54...
I rly did not expect the XCH USD price to rise quickly that much. Maybe it happend because of the low volume and because the two quick dumps before and therefore the sell pressure was low. The general downtrend is still intact. I am curious if and when we will see a retest of the resistance arround 30 USD and if it can hold. I am also very curious how high the...
before Chia could be traded, just a few weeks after the mainnet went live, people where absolute overhyped for no reasons. Thats why the price was way overrated at the features market. I told people that I would expect 20 USD. IMO there is one thing people get wrong with crypto networks again and again. They think that if the network has a big hashrate, or the...
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
➡️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 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...
If you're looking for a long-term investment with a potentially high upside, the CHIA Network (XCH) has been slowly gaining ground in the crypto sphere among a few enthusiasts out there.
Originally founded by the creator of BitTorrent, the CHIA Network has an entirely different validation system from Proof-of-Work (PoW) or Proof-of-Stake (PoS) and uses an...
On the above 2-day chart price action has corrected a whopping 95% from $1450 in May. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal prints.
2) Price action resistance and RSI resistance breaks out.
3) Bullish divergence between price action and the oscillators. Remember this is a 2-day chart. 10 oscillators are currently...