🌱 (CHIA/USDT) (July 4, 2024) (#Chia #Spot) Chia is a promising cryptocurrency that I've been following for a long time, focusing on mining using hard drives. Do you remember the days of GPU mining? There was clearly collusion with Nvidia and AMD, which caused stock prices to rise, as well as Ethereum itself :). Here, the situation is similar, involving major...
Logarithm. Time frame 1 week (no less is needed). One of the lagging cryptocurrencies. The reason is that the crowd was previously imprisoned thanks to PR by bloggers. Little by little, “faith is being killed.” It is worth paying attention to cryptocurrency, but without fanaticism, observing risk management. 🟡 Secondary trend — the price is still in the range...
We are already completing a three year cycle, bitcoin has a four year cycle CHIA 3 years, this is the period during which we have seen long term accumulation. This asset can be your long-term investment. Perhaps it will replace bitcoin, it is green, used by the World Bank, Carbon Markets, etc. At the moment, you can see the hype of Chia mining in the world, come...
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...
This 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...
An symmetrical triangle forms the next bitcoin. CHIA Fanatics Get Ready!
One lawsuit recognizing that one of the crypto projects is an unregistered security is enough. And all those projects who did Token Sales - ICO, IDO, IEO and other, did fundraising and sold tokens to funds, did airdrops, token burning - this is all a big problem for crypto projects by the SEC(The United States Securities and Exchange Commission) Bitcoin and all...
Regulations 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...
Hi guys Hope you well Chart shows you everything's , and also good fundamental coin. good for hold.
After 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...
Double 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....
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).
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...
Up or Down? If volume keeps ticking up we could see a big move.
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...
HUOBI:XCHUSDT 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. Thank you. 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 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...
I decided to combine block analysis (the Wyckoff distribution method or "smart money" in the people) with Elliot wave analysis and got the following picture. We are in the plane where wave B is now. Spring 2020 was Shakeout. At the moment, Western Digital (probably $STX Seagate) are ready to accelerate significantly (on the background of the rapid growth of...