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The analyst discusses Onyxcoin (XCNUSDT) on October 4, with the price around 0.011. He identifies a consolidation phase within a horizontal channel, suggesting potential accumulation. He notes a downtrend leading to this consolidation. Observing horizontal channels at the base of downtrends not leading to good outcomes. He suggests the consolidation could be a launching point for the price to increase. Mentions similar upward moves in Bitcoin and Ethereum, expecting Onyxcoin to follow if it holds support.Short-term analysis on the one-hour timeframe indicates a bounce from the oversold zone. The RSI shows bearish signs with lower lows and lower highs, breaking out of an uptrend. According to the 4H timeframe, MACD is declining but may bounce near the zero line. The RSI is neutral, indicating an area for a potential bounce upwards possibly on Sunday.Fibonacci retracement from low to high areas set target between 0.082 and 0.157, pointing to a bullish October. This level is more important cause there's the existence or important volume previously, giving some insights of potential future price levels. The analyst draws a scenario which if the price could reach 0.157 by the end of October.