✴️ Chia Network Bottom Confirmed, 2 Signals To Read

I am pretty sure you can appreciate the inverted orange triangle on the chart, that's the v shaped bottom.

The fact that XCHUSDT (Chia Network) produced this pattern in a relatively short period of time and now trades back above support is a strong bullish signal. Support here is marked with a grey line.

➖ As the bottom forms, volume is high towards the bearish side.
➖ As the bottom develops, volume starts to go green.
➖ As XCHUSDT recovers, we can see prices trading above support and now above EMA100 and that's all we need.

This bottom signal is strong enough that it can be used on its own but adding the volume as well as EMA100 gives it additional strength. We get additional confirmation from the RSI and MACD, a bullish Bitcoin, other Altcoins bullish... You know the rest.

Namaste.