The Trust Layer for Market Analysts

The presenter analyzes Onyxcoin (XCNUSDT) using technical indicators on a daily timeframe. He notes the new Onyx app and its sleek design. A double bottom pattern suggests potential upward movement. RSI indicates a neutral to slightly stronger market condition. The stochastic oscillator looks like it wants to move up, and the MACD is crossing above zero which all suggest bullish movement. From April 11, XCN has dropped 58%. Drawing Fibonacci retracements, the presenter estimates potential targets of 26 to 32 cents but notes that 78 cents and $1 are still possible targets. Citing examples from the average Altcoin in the last market, the presenter believes an approximate 70x from the current price is not out of the question and even goes as high to set some targets to a 90x. The speaker concludes that the current boring status is a great area to accumulate. It is noted by the speaker that based on the Fibonacci extension, high targets around 2$ are not out of the question.