Hey Binance Fam!
Let's talk Chia Network (XCH)!
We know, we know, XCH has been on a bit of a rollercoaster ride lately. But here's the thing: we might be seeing some interesting signs on the horizon.
What are we seeing?
Looking at the weekly chart, we can see a clear 5-wave structure in the downward move. This suggests that the downtrend might be coming to an end.
So, what's the potential upside?
We're targeting a zone between the 0.5 and 0.618 Fibonacci levels, which translates to roughly $200 to $340.
But remember, this is a global downtrend coin.
Even if we reach these targets, we could see a new all-time low during the next altseason.
This is just an analysis, not financial advice.
Always do your own research and invest wisely.
What are your thoughts on XCH? Share your predictions in the comments below!
Disclaimer: This is not financial advice. Always do your own research and invest responsibly.