Cryptocurrency C-zar Today shared a new video with his 36,000 YouTube subscribers and his message was clear: XCN may be directed to a short-term decline, but it does not sell.
The video dives deeply into technical analysis, diagram patterns and a personal strategy, showing why C-ZAR still believes that onyxcoin (XCN) is still a lot to grow, even if it does not decrease first.
Short-term bear signs on XCN charts
According to C-Zar, the XCN diagram flashes some of the rather strong warning signals. The coin has reached the key support three times, which some traders call “triple bottom”. It sounds good on paper, but in practice C-Zar says it often ends with a decay rather than a bounce.
He points to some technical indicators that support this bear view. There's a hidden sparse difference RSI (relative strength index)Where the momentum rises but the price is not. This usually refers to weakness. In addition, he notes that RSI has been repeatedly rejected on a 50 -line, another coarse label.
Also, a candle is formed, which can often be a signal that the decline happens.
Eyes in the 0.014 dollar zone
The XCN is currently trading around $ 0.017But c-zar hopes it will fall 0.014-0.015 dollars range. This area is delayed with the level of the main Fibonacci withdrawal (0.5 zone) and has been supported and resisted in the past.
He also says that if the price falls below that range – even down $ 0.0123 – It would not be the end of the world. Onyxcoin has previously had fast people wanted to downward before it bumps back quickly.
C-Zar emphasizes that he is already ready. He has an alternate order of orders $ 0.0144 and $ 0.015And he has no plans to sell his current stakes.
Despite the short-term bear view, C-Zar is clearly bullish in the big picture. He believes that after Xcn finds support, it can do a strong upward movement – potentially reaching $ 0.048 In the next few weeks. He waited earlier $ 0.056But it adapted this goal based on the new market structure.
He says that we can see the consolidation of about a week's lower range, followed by recovery per month. From there he sees higher prices.
When the price falls hard and fast, C-Zar warns not panic. The price of XCN has shown this behavior before. Sudden 40-50% The drops, followed by sharp recovery, are part of the coin's history. He calls for viewers not to try the exact bottom, but instead of making their purchase orders beforehand.
His last advice? Don't wait for the ideal purchase. Put your border orders early, be patient and stay calm.
Read also: Ask AI to predict onyxcoin (xcn) price in May
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