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Chia Network / USDT

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XCHUSDT trade ideas

XCH on Risk but with Potential?The old "Maybe Bottom" did not hold on the news that Chia Network Inc will sell 200k XCH worth ~ 5 Million USD from the prefarm. The questions are: - How many prefarm XCH will get sold the next years and how often? This risk now is clear visible. - How is the financial situation that selling part of the prefarm was worth the lost in trust? - How far in the future is the IPO? - How is the situation about potential B2B customers and partners? In case it isn't that bad the XCH downtrend could turn around. More bad news on the other hand could create a massive loss in value. In my opinion the risk is very high, higher than before. I am not sure if that is realy reflected in the price, so the new "maybe bottom" is weak. XCH trend was always off the general crypto market even that the trend influences the XCH trend. XCH and Chia Network as a brand is also not worth much currently. Outside of the Chia space it is unrecognised, forgotten or viewed as a scam. But this is not necessarily a bad thing at this point.
by Just4FunTrader
✴️ Chia Network Bottom Confirmed, 2 Signals To ReadI am pretty sure you can appreciate the inverted orange triangle on the chart, that's the v shaped bottom. The fact that XCHUSDT (Chia Network) produced this pattern in a relatively short period of time and now trades back above support is a strong bullish signal. Support here is marked with a grey line. ➖ As the bottom forms, volume is high towards the bearish side. ➖ As the bottom develops, volume starts to go green. ➖ As XCHUSDT recovers, we can see prices trading above support and now above EMA100 and that's all we need. This bottom signal is strong enough that it can be used on its own but adding the volume as well as EMA100 gives it additional strength. We get additional confirmation from the RSI and MACD, a bullish Bitcoin, other Altcoins bullish... You know the rest. Namaste.
Long
by AlanSantana
Bottomed or it will going deeper to 20?Hi there! I am still a big Chia fan still and never give up only in case if this project die. For now, news that Chia fired 26 of its 70 employees was push the price under very strong multi support level and psychological level of 20 USD is nearby and a few scenarios is possible! Much depend on next BTC movement also for sure. First scenario is backtest to Fibonacci 61.8 level what is at same place where was the lowest low. Rejection is possible from there but if the price going above the multi support level everything can happen (we need some very good Chia fundamentals for that). Price can also go directly to 20 from this point, but for now probability for backtest to 25 zone is look little higher for now. Good luck traders, farmers and holders :-)
Long
by tommyboxfx
2
XCH. Exit liquidity.Is it likely that the future CHIA utility will be so niche that price will not be capable of upward movement, given the constant miners pressure. Mining is about making a profit and only then maintaining the network security. The price will need to go through many trade levels since the initial move was down and the price was extremely high. Every CHIA investor must understand that you risk being stuck in an asset for years, given the vague factor of the wallets availability, which will prevail over the circulating supply by 3.5 times. If this project is successful, you will be an average investor, buyback a position over many years. Because even if active holders/CHIA supply reach parity of the circulating supply with two gigantic wallets, they can dump to 0. In order to reduce the price impact of these two giant wallets, CHIA circulating supply would need to be around 280,000,000 coins. Then you will limit the emission/influence of these wallets to 10%. But even then, their influence remains enormous. You can safely multiply future circulation by 2-3 in order to reduce the dependence of the coin price rate relative to these two wallets. Otherwise, this is not decentralization. CHIA is 5 percent from its historical bottom .
Short
by Tropnik
Chia - Long Term HoldThis one isn't so much of a technical entry as much of a long term buy and hold position. Technically this could be a right translated cycle low as we have already exceeded the previous low by a couple weeks. Chia's proof of space and time takes the best of Bitcoin and Ethereum and combines them into one block chain. They are also the only ones who did it correctly in terms of releasing the coin under the proper rule structure. Make sure you do your research on this one. Compared to the value of the Ethereum, this coin has room to really run. Cheers
by ChartDudes
Chia network and few words about regulationRegulations are coming, I have been talking about this for a long time, but even the projects themselves are not ready. Projects that will not be affected by the regulation are Bitcoin, Chia, Eth, Dydx, Rose, Astar, Shaiden network, Compound, Aptos, Flow, Kusama, Dot, Imx, Mina, etc.. Of course, some projects have their risks. I have an assumption that the liquidity can flow into those in which there is less risk from the regulation side. There are no public sales and initial sales of tokens in Chia . There have funds, but they had not received coins. The ideal situation for a project - no public sale and the funds are not receive tokens, and there are only farmed tokens in circulation. Who will survive the regulation is an open question, but I am sure in Bitcoin, Chia, Eth . There may be questions to the latter, but they will solve them. It all depends on the project: how ready the team for and what kind of security they have to pay the fine. To what extent they have prepared documents that their public sale took place according to a coordinated legal process, most likely Coinlist was secured by such documents. Subsequently, the projects that came out there will be legal: Flow, Mina, Near.. Rose - no public sale, just an airdrop for USDC stakers on the Coinlist platform. Astar had a lock-drop in exchange for the pledged eth and had an auction for parachains. There should be no questions about such a project. Mina - there was a public sale, but it was on the Coinlist , and maybe from a legal point of view - everything was correct. Dydx - there was no public sale, there was a private sale, and there were rewards and drops for activity. Looks more reliable than Mina, Flow, and others. Aptos - the airdrop and private sale. I can't tell you about all the projects. Do your own research. The main thing is to understand where there was no public sale (or very legally correct) and a right private sale (or better without it). There are no such projects except for CHIA . Therefore, I bought this project for 10% of the portfolio. Best regards, EXCAVO
Long
by EXCAVO
33
XCH looking good in this rangeAfter the price drops massively the first year after trading started from the low volume ~1k USD per XCH during feature trading and a peak up above 2k USD the price now is in a range between ~30 USD and ~50 USD. The network space slowly started to grow ~10% since january 2023 and can be considered stable since july 2022. The node count is ~115k (ETH ~7k, BTC ~17k). The inflation is still high with ~9k XCH per day, 1st halving is ~ Q1 2024. Meanwhile the circulating supply reaches 25% of the total supply, 75% is hold by the Chia Company. The company announced a few days ago to have submited the registration to the U.S. SEC. In my opinion that is a positive sign but it should also not be overrated at this point. They still need to build valueable partnerships and the global market may dip again. ETH could build up sell pressure or other bad news can shock that market again. On the other side people could buy crypto because they think it is worth more in the future than keeping their fiat. I also still expect the tech market to dip again and maybe the financial market too. I just hope that china does not do the russian a**h*** move and invades it's neighbors too. Climate crises also can have a bigger impact on the markets the next years than many expect. I am still surprised that people think that buying a Tesla or "green" fuel does save us from destroing our own environment we need to live in. I just hope for a bullrun or two before the people wake up. ;-) But who knows what happens next, pls tell me. ;-) As always, no financial advice.
by Just4FunTrader
Chia XCH looks for a temporary pull back and start to an uptrendDouble long-legged doji on the daily marks a potential reversal downward during the short term. Levels almost certainly to be tested: - $42.85 - $42.02 - $41.19 Top daily wick looks to have established a trend line using a pitchfork where HKEX:52 to HKEX:62 are the top-side limits on the daily. Of course a down-side risk is well in play around $30. Retesting and holding that level (or HKEX:27 at the lowest) would probably mark a bottom since a triple bottom was already plumbed in the high twenties over the past year. Chia is a blockchain founded and currently maintained by Bram Cohen (BitTorrent inventor). Chia uses proof of space, limited supply (near Bitcoin's total supply number), and low energy to offer the functionally of CRYPTOCAP:ETH with the privacy, decentralization, and scarcity of CRYPTOCAP:BTC
Long
by suddenlightness
1
XCH. The only way for chia - fork.Fork to move chia into a "community project". Fork that will completely REMOVE PREFARM. You will start with 1 block by mining the first XCH and start building. Also, advice for fanatical adherents led by "opinion leaders" communities. DO NOT AVERAGE THE PURCHASE PRICE. If you're willing to risk throwing your money into it, don't do it with a fanatical belief that it's a "second bitcoin". There were dozens of second bitcoins, now they are called ruined lives. XCH is a completely ordinary project, with a different form of mining - that's it. Do not build castles in the air - the fall can be too steep.
Short
by Tropnik
5