BE READY TO BUY THE DIP. GROWTH IS COMING I did a wave analysis and got these results. I think this is a very possible scenario. If we impulsively pass the 2 and 3 zone - it is possible to grow further, then I would need additional analysis.
XCHUSDT trade ideas
Few high probability upside targets!Hi there!
If the whole market will consolidate or going little higher than theres a big chance for mentioned targets!
Many good news for Chia www.coindesk.com
This coin can surprise all of us in next few years. Patience!!!
Good luck traders
XCHUSDT DailyHi guys Hope you well
Chart shows you everything's , and also good fundamental coin. good for hold.
XCH by 10This is not a trading recommendation, no need to take short))
I expect investment zones of recruitment in the region of HKEX:10 next year
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.
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 $30. Retesting and holding that level (or HKEX:27 at the lowest) would probably mark a bottom since a triple bottom was already plumbed in the high twenties over the past year.
Chia is a blockchain founded and currently maintained by Bram Cohen (BitTorrent inventor). Chia uses proof of space, limited supply (near Bitcoin's total supply number), and low energy to offer the functionally of CRYPTOCAP:ETH with the privacy, decentralization, and scarcity of CRYPTOCAP:BTC
Chia/USDT PUMP NOW!! Target 60$Blockchain and smart contract platform Chia Network, founded by Bram Cohen, the inventor of BitTorrent, has filed a confidential draft registration with the US Securities and Exchange Commission for its proposed initial public offering (IPO).
Level that we are waiting for!!!Hi there.
And finally, here we are!
Many good news at Chia !Farming with madMAx Gigahorse Compressed Plots is started already. New wallet, updated web page and many good news from developers also If the whole market turn to bullish or even stay in consolidation mode XCH have a chance for next big move to the upside!
If the whole market starts to decline than this should wait a little!
Good luck traders!!!
Chia XCHUSDT PairChia XCHUSDT Pair
This pattern is bearish (Gartley) on daily chart
The target for this pattern is 1.272 fibonacci level
Happy trade for this pattern
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.
XCH. Fraud under the guise of a technological breakthrough.Please be extremely careful! In addition to the mining that has begun, the centralization of the network is colossal! 83.2% of prefarm is on 2 wallets!
XCH can go down againThe downtrend is still intact even after the +100% from ATL to it's last high (+65% to current price tag). I am not very optimistic that it will keep staying above the daily MA50. If it stays above the next challange will be to get above the weekly MA20.
* It is possible that the price will rise over the resistance, that could also bring the trend above the weekly MA20
* Price can stay between ~ 35 and ~ 45 USD for a while in a sideway trend
* It is likely, especially if BTC and ETH dump again, that the bottom will be retested
* It is possible that the "maybe bottom" is not the bottom. Next bottom target would be ~ 15 to 20 USD in that case
As always, no financial advice, just my 5 cent.
XCH head & ShouldersWhat Is Chia Network (XCH)?
Chia Network (XCH) is a layer 1 blockchain that uses its own custom-designed programming language called Chialisp and a novel consensus mechanism called proof-of-space-and-time (PoST). The combination of these two allows the blockchain to use less energy without compromising network security. In contrast to most other blockchains, Chia Network is a public, for-profit, open source company that aspires to become listed on NYSE or NASDAQ. Its blockchain is aimed at enterprise use, which is why Chia Network plans to have XCH on its balance sheet in case of a listing.
Chia Network’s first proof-of-time function was released in 2019, with the first beta version of its blockchain launching in 2020. Chia Network achieved full functionality, including wallet functionality, transactions and smart contracts, with its mainnet launch in 2021.
Up or Down? If volume keeps ticking up we could see another big move.
Unexpected +100% - maybe more pump, or a dump back to realityI 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 price can rise. I still expect a decreasing price below 20 USD in mid term because of the high supply before the first halving will happen in ~ Q1 2024. But we will see. At the moment farming is still not covering the costs for many people, even with the still decreasing netspace. This could result in more farmers to hodl and waiting for higher prices to sell at and therefore lower the real supply at the market. And AFAIK there are no major announcements in the pipeline for rly big unique features or new industrial, financial or state partners. I also don't expect the company to go public within the current global market situation.
As always: No financial advice, just my thoughts.
XCHUSD: breaking resistanceWhat Is Chia Network (XCH)?
Chia Network (XCH) is a layer 1 blockchain that uses its own custom-designed programming language called Chialisp and a novel consensus mechanism called proof-of-space-and-time (PoST). The combination of these two allows the blockchain to use less energy without compromising network security. In contrast to most other blockchains, Chia Network is a public, for-profit, open source company that aspires to become listed on NYSE or NASDAQ. Its blockchain is aimed at enterprise use, which is why Chia Network plans to have XCH on its balance sheet in case of a listing.
Chia Network’s first proof-of-time function was released in 2019, with the first beta version of its blockchain launching in 2020. Chia Network achieved full functionality, including wallet functionality, transactions and smart contracts, with its mainnet launch in 2021.
Who Are the Founders of Chia Network?
Chia Network (XCH) was established in Delaware in 2017 by Bram Cohen, the founder of the popular peer-to-peer file sharing platform BitTorrent. The project is headed by an experienced senior management team, including former NASDAQ CEO Gene Hoffman as chief operating officer (COO) and former Overstock.com CEO Mitch Edwards as chief financial officer (CFO).
Chia Network is also backed by an illustrious list of cryptocurrency-focused venture capitalists. It raised $61 million in funding in May 2021 with the participation of leading VCs that included Andreessen Horowitz, Slow Ventures, Naval Ravikant, Galaxy Digital and others.
What Makes Chia Network Unique?
Chia Network (XCH) improves upon proof-of-stake (PoS) and proof-of-work (PoW) by using a less electricity-intensive consensus mechanism. The network achieves Nakamoto consensus by combining proof-of-space (PoS) with proof-of-time, (PoT) which both function in distinct manners.
Proof-of-space requires miners to keep unused storage on their hard disk drives. In this scenario, miners install special software that allocates free space, which is then used to solve a challenge – similar to puzzle-solving in proof-of-work (PoW). The software stores a collection of cryptographic numbers on the miner's disk and, upon block creation, a challenge number from the previous block is taken. Miners scan their numbers to check if they have a number close to the challenge number that is required.
On the other hand, proof-of-time demonstrates the passage of time through Verifiable Delay Functions, in a way that is similar to the Solana (SOL) blockchain. The Timelords – nodes that document time – ensure that time is correctly documented for solving the proof-of-space functions.
In addition, Chia Network has its own programming language called Chialisp. This is an on-chain programming language that is smart contract-compatible and takes most important components of Ethereum (ETH), Solidity, and Bitcoin Core but keeps Bitcoin's UTXO model. Doing so allows for simultaneous transactions instead of sequential, making Chia Network a faster and more energy-efficient blockchain compared to its rivals.
Bear Market = Altcoin Season? BTC and ETH Losing Ground to AltsBoth 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, Bitcoin and Ethereum, has actually been performing worse than the majority of "altcoins" out there - a sign that crypto investors are reallocating their portfolios towards alts.
- Weekends are usually when crypto investors typically make their move - and we see that coins that offer staking rewards (interest rates start to look more favorable during recessionary periods) have been gaining ground. (XTZ +4.5%, ATOM +4.5%, MATIC +3%)
This is a PSA but beware of newly minted coins' "staking rewards" because a lot of them are based on the idea of certain assets (BTC, ETH, even fiat) always going up. When that inflow dries up, we're going to see a lot of services and platforms go through a LUNA-style collapse - if you don't DYOR carefully here, you may get caught up in the storm. Many coins that currently offer "staking rewards" have cut a lot of corners to keep up with last year's hype and is living on borrowed time.
cobie.substack.com
In theory, Layer-2 coins built on top of the EVM network operate independently of ETH's price, but we don't actually know all the details of what goes on behind the scenes - some of them may collapse just as well if their model has been reliant on speculative gains on ETH itself. (Something that the project teams will never admit to, even if true.) Time will tell whether it turns out this way or not, of if the Merge in August will stabilize or destabilize these economies as a whole. A lot of uncertainty in the big-name coins right now, either way - meanwhile, altcoins have been gradually chipping away at their lead.
Chia is forming a descending triangleUp or Down? If volume keeps ticking up we could see a big move.
XCHUSDT - 10x opportunityOn 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 USDT (1.5-1.95x) as marked by fib retracement
Timeframe: Weeks
Leverage: 3x at most for me (although with these signals printing the probability of more downside is very slim)
Hasta luego
Chia (XCH) - Bullish divergenceOn 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 printing bullish divergence including MACD. Fantastic. The divergence is very clear to see on the weekly chart (below).
4) Point 1 through 3 are also applicable for the BTC pair no matter the exchange with evident volume divergence.
Is it possible price action falls further? Sure. But after 95%?!
Is it probable? No.
Good luck!
WW
Point 3 - Divergence on weekly dollar chart
Point 4 - BTC pair
