The Trust Layer for Market Analysts

This is a technical analysis of Onyxcoin (XCNUSD). The presenter observes that the current price is about one cent at 09/01, also noted that the moves end when you don't have volume. 5.3% volume to market cap ratio is somewhat desirable. The further drops, the more weak hands shaken out. There is multi 100X potential from current prices. Drops are a blessing in disguise. A speed bump is expected at 4 cents, 6 cents, 8 cents, and 10 cents, but then new fantastic prices will be hit. Buying here means you believe in fundamentals, so this is not attractive. The presenter considers it is better to buy when it is boring, and there is no hope left. If Bitcoin goes lower, crypto market will likely follow. On 1H chart, RSI is rejecting 50, and MACD is bearish. Sept might see a recovery. If prices go below $0.01, it will be a buying opportunity. On the 3-day view, the MACD looks fine, the RSI indicates 19.93 (oversold). It promotes the idea that the coin's price will increase and it should see 100x or more. On the 1-week chart, RSI is at its lowest since October 2024; it indicates 41.74 and should bounce from there. MACD shows bullish divergence and it’s at an area to bounce. Therefore, if we accumulate or at least hold, in time we will get fantastic prices.