Onyxcoin (XCN) decreased by 15 % last week and is preparing to extend its decline while strengthening sales.
In addition to the homogeneous expectations, the main technical indicator is on the verge of the formation of the death cross, a signal that precedes a deeper decline in prices.
XCN is at risk of sharp decline
The Beincrypto Evaluation of the Xcn/USD scheme for one day the potential composition of the death cross over the different moving convergence (MACD).
This declining style appears when the assets MACD line crosses below the signal line, indicating a shift from climbing to the dumping momentum. Such a pattern often precedes a significant decrease in prices, especially when it is accompanied by weak size and uncertainty in the wider market.
At the time of the press, the Xcn MacD line is preparing to cross under its signal line. If confirmed, the death cross indicates the intensification of the pressure pressure and the indication of the beginning of the long, long trend.
Moreover, the XCN decreased from the two number during the past week pushed its price towards the SIA moving average for 20 days (EMA). This main moving average is the average price of the original over the past twenty days, which gives more weight to the last prices.
Xcn’s decline towards EMA for 20 days indicates that the bulls lose control, while the sellers continue to control the market. If the XCN price fails to stick to the main moving average, this may lead to a deeper correction.
The xcn bears are responsible
The MACD MACD, which is waving on the horizon on the XCN, and its potential decline to the bottom of EM for 20 days, refers to a strong shift towards the Habboudia. These indicators indicate that the declining momentum is gaining traction, as buyers appear a little strength to reflect the current declining direction.
If the decrease continues, the XCN price may decrease to $ 0.0075.
On the other hand, the rise in the new demand for Xcn will nullify this landfill. In this case, the code price may lead to its constant decrease, break more than $ 0.0174, and climb to $ 0.023.
Disintegration
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