XCN OnyxCoin Price Prediction: Proving Grounds

Added: 2026-05-05

[00:00:00]What's going on everybody? It's your boy Cesar and we are talking about Onyx coin yet again today XCN USD. Hit that like button subscribe and thank you all for being here. It is the 28th day of April.

[00:00:12]Here we are coming to the end of this month.

[00:00:15]And I really think if we pretend in our heads that this wick doesn't exist. This is actually pretty nice candle, right?

[00:00:21]Moving up here.

[00:00:23]Obviously don't do that. There's a wick there for a reason. We moved all the way up and then sold off. The reason why there's such a big wick really I think is because a lot of volume came in right? It's a lot relatively speaking.

[00:00:34]It's really not that much volume but some volume came in and there's not a whole lot of volume being traded in this range. So you have an easy time moving the price. It just regulated back down to what what the appropriate level is. I don't know if this is as dramatic of a wick as it might seem like but we're used to these wicks.

[00:00:48]We're used to these big wicks as they happen and and pulling back down. The the thing that we don't want to see is is a move all the way back down. It's okay that we've wicked here but if we move all the way back down it really just makes this move completely insignificant. Really is what it does.

[00:01:04]It's just a moment of excitement and that's great and all but it makes it completely insignificant. If if it you know like a move like this is not completely insignificant even though you did come all the way back down. A move like this is not but if it's like a day or two afterwards, you know, if we're seeing something like this that that's that's insignificant. We see something like this that's insignificant. So again, holding this area of support where we are now I think is instrumental in defining if this move has significance or if it's just bubkiss that brings us back here and then we move lower, you know. I I do think you know from here we obviously took the more bullish perspective. We were prepared for the downside as well but we took the more bullish perspective.

[00:01:46]I think after making a move like this and then coming back down the bearish perspective might be easier to perceive.

[00:01:52]People are a little bit more defeated.

[00:01:54]There might be more people who are willing to just get out right? Bitcoin's going to be dropping all these all these things. Whatever that that might induce selling pressure but I digress. Let's get into the short term stuff. I'll show you guys what I'm looking at what I want to see.

[00:02:05]You know, primarily what I want to see is that we hold this area for support. I think that would be awesome. I don't care that we wicked back down. I don't care that we pumped 80% and in the same day dumped 35%. I don't care.

[00:02:17]I really don't care that much. We've been through worse.

[00:02:21]All I care is that we're holding prior resistance for support. Closing resistance there. Closing resistance here. Closing support here.

[00:02:29]That's what I care about. I hope we do that. Little bit of significance here as well.

[00:02:34]If we look at this on a one hour time frame. Let's do that. Yeah.

[00:02:41]Wow.

[00:02:43]Wow. Hold on. Maybe maybe I'll do a daily time frame again.

[00:02:47]Because it's just so hard to determine which one to take the low from from from a low to a high. We are right in the pocket of our golden ratio.

[00:02:55]We're right there.

[00:02:57]Now here's here's some things that I don't like.

[00:03:01]Here's the I don't like. Looking at the.5 to.382 rejection back down.

[00:03:06]That's bearish structure guys. Bearish structure. To your.5 and then coming down. That's bearish structure. Finding resistance at your golden ratio now.

[00:03:13]That's bearish structure. However, bearish structure and we're not going lower yet.

[00:03:18]We we might we might right here be showing our hand and that hand might be implying hey, some more upside.

[00:03:26]Not financial advice. Not a financial advisor and this will set the haters up for a whirlwind of of this doesn't make sense. You clearly are biased for this coin. I'm just looking at the charts man.

[00:03:38]I'm looking at the charts. I probably have a bias for this coin. I'm not I'm not an idiot. I'm human.

[00:03:44]But let's be honest, okay? Let's just be honest.

[00:03:48]This is what's happening.

[00:03:49]You're in the golden ratio zone.

[00:03:52]It's a great area to find support.

[00:03:55]You're at prior areas of resistance. You're at prior areas of resistance. It's a great area to find support.

[00:04:03]As you moved up, you had insane volume come in and as you've moved lower, your volume has died off depleting entirely and now you're moving sideways while you're in the golden pocket.

[00:04:18]If volume comes in and starts to increase, it doesn't have to be bigger than this. Do that. Give us a bigger move. Let's go. I'm about it. I'm sure you are too.

[00:04:27]But if volume comes in from here and it starts to build we will be moving up.

[00:04:33]That's not because of my bias. My bias is not that powerful. If it was that powerful, we'd be at $4 by now, okay?

[00:04:40]It's not that powerful. You're giving me too much credit.

[00:04:46]My bias in the technicals is that hmm moving down without volume. I don't care what I was looking at. If I'm looking at this, I would actually be bullish here.

[00:04:53]Now same thing to the downside. Even though we're moving sideways and even though yes, we're kind of breaking out of this downward sloping trend this relative one hour very insignificant trend. So who really cares at the end of the day? But even though we are doing that, if we move down and volume starts to pick up a little bit, it doesn't have to be bigger than the volume that we saw here. It doesn't have to be bigger than that. But if it's just picking up a little bit >> [clears throat] >> as we're moving down we will likely go to the.786 or the.886. This could take us back to.0053.00495.

[00:05:24]>> [clears throat] >> Sorry.

[00:05:26]And if we close below the.886, we close below there on a one hour or four hour basis, we likely will go below these lows.

[00:05:35]And that's not my bias either. That's just technical analysis guys.

[00:05:39]So sim quite simply put, what we want to see here if you're bullish like I am and I am bullish shifting to that that side.0059 we want to close not just one candle but two candles in a row back to back.

[00:05:56]We want to close two candles above.0059.

[00:06:01]And it's not too much to ask for a little bit of increase in volume.

[00:06:05]I ideally something that's bigger than these levels here. It doesn't necessarily have to be bigger than these levels. It certainly doesn't have to be bigger than this level of volume over here, okay? We don't have to see something bigger than that but bigger bigger than what we've seen here. I want to see some increase some notable increase while we're moving up.

[00:06:19]And I don't want it to be in the form of a wick. I want it to be in the form of a move that is either methodical in nature or eruptive in nature. Whatever it is.

[00:06:28]And at the end of the day my friends, if we get above.0059, the next target to focus on get it from getting above here.

[00:06:34]This is the immediate target. The next target to focus on is the.236 which is.00747.

[00:06:41]If we close above.00747 hold on to your whatevers. Whatever you can hold on to.

[00:06:48]We get above.00747 then this was a low.

[00:06:54]This was not a high. It was a relative high to be fair but but that would likely likely if we get above.00747 that likely implies that we're going to.00973 to.00 or sorry.0113.

[00:07:11]We're getting rid of zero.

[00:07:12]And being that this is a kind of small fib extension in itself, we could have access to the secondary fib targets.

[00:07:20]Which is all the way up at 1.27 to 1.74. And if we hit the money zone that takes us right around two cents which we have plenty of targets for that on the daily time frame. We're just on the one hour. We're going to build our way out but let's look at the indicators first.

[00:07:36]RSI has cooled off. It's come down.

[00:07:38]Technically, it looks bullish overall.

[00:07:41]Neutral right here. Okay.

[00:07:45]Stochastics are showing a little bit of bullish divergence. We're starting to pop up a little bit. I mean it it kind of looks good but overall bearish technically.

[00:07:53]The MACD right here at the zero dying off in bearish momentum. I can't help but be bullish with the MACD.

[00:07:59]This is just a one hour time frame though. So let's not get ahead of ourselves, okay?

[00:08:04]Four hour time frame looking at this on the RSI.

[00:08:08]That looks good to me man.

[00:08:09]That that don't look half bad. That doesn't look half bad at all. I like it.

[00:08:14]And again, the thought here is you don't just see these stand alone moments and then you get oversold and you die.

[00:08:20]Hopefully.

[00:08:21]You would get multiple readings. Maybe you form some bearish divergence and then from that bearish divergence you're seeing prices that are that are doing, you know, this. You're moving up. People are calling for bearish divergence.

[00:08:31]You're moving up again and boom before we know it we're at two cents before May 1st or on May 1st. It could happen that fast guys. We know this thing moves fast whenever it likes to move in case you weren't around for yesterday's price action.

[00:08:44]The stochastics are decent here. You enough reset enough where you can move up for sure.

[00:08:51]I still don't know how they didn't get overbought here. I don't I don't I don't know what I'm missing. Like how how is a 44% move I don't what am I missing? Dude, I don't maybe I just don't understand how they work.

[00:09:03]Like this move here. This 3% move sent it bro.

[00:09:07]I don't I don't get it. I think this move literally broke the indicator.

[00:09:12]>> [clears throat and cough] >> The MACD the MACD is getting to a point where we're about to touch tips and whenever we do that, we typically do bounce in bullish scenarios. Not that we're in a bullish scenario but if we want to be, we could be. And also sometimes with this tip touching of the oscillators, sometimes you get a false cross.

[00:09:32]That's basically the same thing. It's just you crossed a little bit below.

[00:09:36]Tip touch there. You crossed a little bit below. Tip touch there. Boom. You moved up.

[00:09:42]And that's fine. That's fine if we do that. I think if we just stayed here and moved sideways, this would cross to the down. I know it would. I know it crossed a little bit red.

[00:09:51]I'm okay with that. What I wouldn't want to see again what was that? That fib level that we gave it?

[00:10:03]I mean really, I just wouldn't want to see you close any 4-hour period or daily time frame below 00562.

[00:10:11]Close above 0059.

[00:10:13]Do not close above 0056 I will say 56. Yeah, we'll round down.

[00:10:17]56.

[00:10:21]Do close above 00747.

[00:10:26]Do that.

[00:10:27]Please.

[00:10:28]But first things first, 0059, get back above there. We do that on a multi-hour basis or a 4-hour basis. I do expect that we're going to make a run. The The thought is though, we get above here, don't start thinking automatically that means we're getting above this high. We have It's It's a process. You get above here, that opens the gates up to this zone.

[00:10:48]We reject this zone, we come back down bad. We reject this zone, we come back down bad. We reject this zone, we come back down bad. Right? Any of those come back to the golden ratio, that's all bad cuz it likely would imply lower. We could bounce from here once, the second time is typically not that friendly.

[00:11:05]If we come up here and we reject and we find support here, potentially good. Doesn't necessarily mean it is good, but potentially good.

[00:11:12]We move all the way up to the 236 immediately, come back down to the 0.5 and we hold support there and then we move back up, potentially good.

[00:11:19]But it's definitely good when we get above the 236. Absolutely it is. And I want to see if there's anything to come into conjecture with this here, from a high to a low.

[00:11:29]It's the 0.5 area.

[00:11:31]That's great. Yeah.

[00:11:33]And what's what's nice about this, again, thinking about breaking above the 236, the 0.5 area. Okay. If this If this implies what I think it means, breaking above the 236 on that that fib there would imply that we go above this high.

[00:11:45]It makes all the sense in the world cuz now we're flipping the script. Now, hit You hit the golden ratio once. If we hold support at the 236 and we don't close below this level, and we come back up here. Remember how before it was like if you hit the 236, you come back down to the golden ratio, that's bad, we're going to go lower.

[00:12:00]Well, if you come down to the 236, you reject and you come back up to the golden ratio, that's good, we're going to go higher.

[00:12:06]We're going to go higher.

[00:12:10]Daily RSI, technically at a point to bounce, but we've come up and come down, come up and come down before, not fun.

[00:12:17]Stochastics don't have me wooed at all.

[00:12:19]The MACD is interesting here, but we've seen a semi-interesting MACD uh recently in March and it didn't didn't really do much for us. So, let's just wait and see.

[00:12:30]It is exciting.

[00:12:32]The thing that's the least exciting right now is that Bitcoin looks like this.

[00:12:37]Bitcoin looks like it wants to move down.

[00:12:40]It's nice that you finally showed up to party, Onyxcoin, but it looks like the party's getting shut down. So, before we all get too excited, let's hold onto our hats a little bit.

[00:12:51]There's There's reasons to expect the upside, but we need validation first. Validation comes in the form of getting above 0059 on a 4-hour or multi-1-hour closing basis, and then ultimately getting above 0047 or 747. Getting above 00747. If we can do that, then we're going to be really excited, man. Really excited. Until then, it's completely possible we're just doing some stuff that we've been doing for for a long time now.

[00:13:20]And uh hopefully that's not the case, but we'll see. Time will tell. I have a feeling we're going to know within the next 24 hours, by the next time I make a video. So, I'm going to end the video there. Hit that like button and subscribe. Thank you all for being here.

[00:13:29]I'll see you on the next one. Take care.

[00:13:30]Bye-bye.