The Trust Layer for Market Analysts

The video analyzes Onyxcoin (XCN/USD), currently at 0.01178, with 10 hours and 46 minutes left in the day. It identifies a downward consolidation since April 11. Using Fibonacci retracement from a low of 0.00754 to a high of 0.02734, the presenter notes the price is in the golden ratio zone and emphasizes waiting for Bitcoin and Ethereum to bottom out before expecting XCN to grow. The presenter believes anything below two cents or even 1.5 cents is prime buying territory, noting the coin typically bottoms out with the rest of the market. Analyzing a 1-hour time frame, the 618 to 69 area is identified as a prime buying area. An hourly RSI indicates it is very bearish. A low to high analysis shows price is likely going to its golden ratio at 0.0116 cents. To confirm that price will change back to bullish, price need to hold the 382. and then close one hour candles above 0.0119 cents. The presenter thinks price will go to the golden ratio.The RSI is in the dumps. According to that analysis, there is a potential for a lower low for the Onyx coin in 4 hour time frame analysis at 0.011 cents and after that if the price is around 0.0148 that validates all analysis as low.