The Trust Layer for Market Analysts

The video provides a technical analysis of Onyxcoin (XCNUSD). It notes the current price at around 0.0127. The lowest price from two days prior was 0.0123, which may or may not be the floor. Bitcoin, Ethereum, and XRP are all expected to drop although this doesn’t necessarily mean Onyxcoin will also drop. The presenter notes the prior resistance at about 0.014 and expects it to continue in a descending channel. The stochastic RSI on the one-hour chart looks bearish and the MACD isn’t impressive. The 4-hour also looks like it wants to move lower. Presenter suggests that a more likely target would be somewhere between 0.0112 and 0.0120. Notes prior fibonacci support in this range as well. At a high level, the analysis expects the price to eventually return to a range from .026 to .032. He also says that the timing on his calls hasn’t been great but he maintains high conviction.The presenter concludes, buy the dip and hold..