Xchusdt
Xch - how far can it drop and targets?Hi
Xch can reach 200 usdt easily.
I would short it till 200 to 250 usdt.
The maximum price that it can see is $700 by next months but in long term we can see big amounts for it.
Long term target for next 4 to 5 years as far as it holds 200$ support is around 30 to 40k usdt.
Good luck.
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
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Chia UpdateAdjusted lower trend line for better fit. Retesting the lower boundary. If it breaks out to the upside we will see it in the next few days. Remember, pennant patterns are a 100% chance of uptrend. More like 70-80%. I still think this will break bullish., but this could see lower levels before rising again. Just means we can get in at even cheaper prices. Chia to the moon