Chia Network XCH Is Ready For Altseason!

2 янв.

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 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 [Skyrexio] 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!