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Chiausdt

Chia Network XCH Is Ready For Altseason!Hello, Skyrexians! While altcoins are still in the correction and we have the great buy opportunities we continue observe altcoins ant their targets for bull run. Today we have OKX:XCHUSDT for analysis. I know most of people hate this coin because of its permanent dump. Today we will try to understand if Chia holders have any chance to see the breakeven or profit for their investment. Let's take a look at the weekly time frame. This coin is definitely in the downtrend and we cannot wait for the new ATH. The downward move has the clear 5 Elliott waves structure which is likely to be finished already. The green dot at the bottom for Bullish/Bearish Reversal Bar Indicator is the strongest confirmation for the bull run start. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . Target for the bull run is the zone between Fibonacci 0.5 and 0.61 at $200 and $340. This is global downtrend coin, so we expect the new all-time low after reaching this target during the altseason. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
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
XCH pennant before 'inverse price discovery'The Chia Network - XCH is a new coin and protocol, while it has potential in the future the slow rollout of pooling protocol and lack of actual usage is spurring interest. XCH is currently in a period of consolidation before continuing downward trend. We see distribution during the pennant even though the price remains rangebound reflecting the general trend, this contrasts with more bullish alts which are seeing accumulation. XCH rocketed up on initial listing by exchanges/mainnet transfers unlocking, difficult to say when and where it will find support hence inverse price discovery Keep in mind log chart, difficult to capture in this scenario otherwise.
Short
by FaxMe
Chia XCHUSDT 6h So far there is little positive on the chartIn 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 _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness b y 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
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