Onyxcoin (XCN) - Possible 100x opportunity?

The alt-token market offers some interesting opportunities following retail capitulations. At this moment there is a handful of plays that generally exist under the $100m market capital evaluations. It is worth noting some of my best first long exposure to alt-tokens were below this market cap. That includes MATIC (idea at bottom), and Solana, and Cardano. How was this accomplished? Ta folks, the charts do not lie. Especially on higher time frames, this is the secret. Not 4hr and 15-minute charts!

Back in August of last year this token had a market cap of $7.4B, today it is $20m.

Why bullish? Volume. For whatever reason, volume is entering this market. No it is not me, I’m not a trader.

On the above 5-day chart a number of reasons now exist to be bullish. Why?

1) Price action and RSI resistance breakouts.

2) Regular bullish divergence (8 oscillators) as measured over a 3-month period.

3) Volume breakout. Money Flow Index is now printing a positive money, in other words buyers outnumber sellers.

4) Candlestick reversal pattern. Do you know this is bullish?

5) There is no suggestion or TA to be made here that forecasts market cap returns to $7.4B, however 27% of that to 2B would be your 100x.

Is it possible price action falls further? Sure.
Is it probable? No.

Ask for updates below.

Ww

Type: Trade
Risk: 1-2%
Timeframe for long: Now
Return: 100x



MATIC idea in September 2019 @ 1.5 cents with volume breakout

Trade active:

Past resistance confirms as support.

Comment:

GRM support confirmed, multiple confirmations over the last 10 days. Don't know if that is significant but interesting.

Comment:

Had a few questions "How can a project with no activity be so bullish?"

Answer: I don't know. However I would also add, fundamentals have never had anything to do with crypto market speculation. The entire space is a Ponzi. You make profits through probability, not fundamentals.

On the daily chart a good TA example. For the first time ever this asset has confirmed support on the Gaussian channel, a fancy way of saying a trend change. There is no news to support this volume increase. If you're new to all this, learn TA!

Not in this trade, so ask for updates below. Will look at it again a year from now.

On the daily chart

Comment:

Past resistance already testing as support...
If it confirms.. then expect a 70% move to the next resistance.

Trade active:

Past resistance confirms support. Remember this is a 100x idea that should be realised sometime during the 2024 melt-up. Don't fret about the nonsense seen in the comments left on many ideas, be patient and rewards follow.

Comment:

1x down, 99x to go.

Comment:

"Is it time to sell" came a message. No The market is entering an alt-season, selling into momentum is about as emotional as it gets.
Perhaps the idea hits over 100 likes, I'll keep it up to date.

Comment:

2x down, 98x to go.
200% so far, 9800% to go.

Comment:

3x down, 97x to go!!
300% in under 20 days. Alt-season, jazz hands to the bears.

Comment:

PS: Past resistance tested as support is a 70% correction below, don't FOMO.

Trade active:

Now's your chance, don't waste it.

Comment:

Opportunities are in abundance..

Trade active:

Another 200% upside move now coming up.

Comment:

Market is becoming so technical all of a sudden. Here's a little spot the difference for you..

3-day UMA

3-day XCN

Comment:

GRM support is now confirmed.
Expect exciting things...

Trade active:

Next resistance is 0.014 or 700% above.

Comment:

On support

Trade active:

Sellers have now returned a 45% correction since the recent highs. Don't look a gift horse in the mouth.

XCN.btc pair

Trade active:

A 70% correction, price action on the Fib 0.238, a high probability signal like the 2 before it since September and December, it's a good moment.

Trade active:

Past resistance confirms support.