DeepOnion Full Chart Analysis & Project Overview

Apr 3, 2020

About DeepOnion

DeepOnion (ONION) describes itself as a decentralized, open-source, community-driven cryptocurrency that offers multi-layered privacy and everyday use cases. It uses an x13 hybrid PoW/PoS to secure the network. DeepOnion claims to be one of the earliest cryptos to integrate the Tor network into the DeepOnion wallet, which has reportedly not leaked any IP addresses since its release on 12 July 2017.

Features delivered by the DeepOnion team:

• DeepSend as a base solution for private and untraceable payments without relying on cryptographic encryption.
  
• DeepVault to register and verify digital files with the DeepOnion blockchain.
  
• VoteCentral, a balanced and non-biased voting platform for the community.
  
• WooCommerce, Shopify and OpenCart payment plugins for merchants.
  
• More info can be found at (DeepOnion.org)
  

Source: Coinmarketcap.com
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ONIONBTC (DeepOnion) is now trading near our "main support" which is also near the all-time low based on candle close.

The ATL is sitting at 0.00000681 but this is only the candlewick. If you look at the candle close, ONIONBTC is now trading near All-Time Lows.

The signal is not in yet... So here we can have another drop before prices move up but... There is also a good chance that prices start going up right away (green arrows) since many altcoins are starting to wake up and with massive force.

In general, DeepOnion is still bearish but the sellers are exhausted.
The RSI is going near strong and the trading volume is very low, a change of trend can start at any time.

If there is one final drop, in the case Bitcoin falls strong, we remain extremely bullish after (blue arrow).
Patience is key if prices move below support.

Weekly Long-Term Chart | DeepOnion (ONIONBTC)


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