Long

Updated

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 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.

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

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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

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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.

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1x down, 99x to go.

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"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.

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

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

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

Trade active

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

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Opportunities are in abundance..

Trade active

Another 200% upside move now coming up.

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

3-day UMA

3-day XCN

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

Trade active

Next resistance is 0.014 or 700% above.

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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.

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Broken market structure on the weekly. Look for long positions after a further 30% correction.

weekly

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Daily chart. You now know what I know ;-)

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Since the buy signal above a the monthly chart now prints a perfect example of a Dragonfly DOJI candle.

Being such a small market cap, a DOJI print like this will cause hurricane like buy pressure. Avoid trying to trade if there is a chance to realise the full 100x potential. Only a few alt tokens are printing Dragonfly DOJI candles on the monthly, XCN is one of them, with volume. I do not know why.

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A 250% should be expected shortly as price action now:

1) Breaks from resistance

And

2) Price a double bottom on support.

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look for first resistance around 0.004 or 250% above breakout as shown in chart above.

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massive bullish engulfing on past resistance for support confirmation.
Hold on for the full 100x

1 week chart

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250% in one day, quick get in before you miss it!
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Or would that be a mistake?

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high probability sell signal on 9hr chart. Price action could correct 80% and remain in an uptrend.

Price action has jumped up 600% since late December's buy signal.

Bulls make money.
Bears make money.
Pigs get slaughtered.

9hr

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Only 200% to go and the 100x target is met.

Not bad.

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Only 70% to go for the full 100x

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A 70x was achieved before the correction began. The red circle identifies the publication point.

A new idea very similar to XCN in terms of market structure if offering similar returns in the next bullish leg.
An AI Gaming crypto... do you know which?

Will publish when I find a moment.

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Wave 5 underway with forecast to 10 cents. Start selling as "conditional" sell signals start to print on the 2 day timeframe.

150x since publication at forecast...

without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

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without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

Also on: