This video provides a technical analysis of Onyxcoin (XCNUSDT). The analyst notes that the price has reached its lowest level since April 10th. Also Bitcoin and Ethereum have fallen. He suggests that now is the best time to buy, given the despair in the market. Analyst used a fibonacci retracement on the daily timeframe to identify potential support levels, near .011. The analyst states there is double bullish divergence on the 1-hour and 4-hour MACD, indicating a potential upward move. The analyst draws cup and handle pattern that indicates that price would reach .16. He states the W-shaped recovery formation is what is going to take this coin to new relative highs this cycle and eventually to all-time highs in the future, the timeframe for this target is not determined. Also the bull trend indicators are not completely certain in short timeframes.