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The analyst believes that Onyxcoin (XCNUSDT) is about to break out of a consolidation phase in effect since January, with the potential to "rip through the roof" and move significantly higher. It is trading at 0.00914, and the analyst sees a potential for it to reach a critical pinnacle point in XCN's history. He identifies a double bottom formation, with signs in the weekly timeframe suggesting an upward move. A conservative target of $0.03146 at the end of November is suggested. The failure bound is estimated to be 0.007. Technical indicators like the RSI and MACD, are showing bullish divergences. By the end of the year the analysts expects a price in a range between $0.26 and $0.32 and potential targets of $1.70 and beyond that during the cycle.