hello guys hope you doing well in my last analysis of XTZ I said price look weak near important support and price broke down this 332 days of distribution in my opinion almost all ALT/ BTC pairs looks bearish I think ALT season is over be careful with altcoins in long term it is possible to XTZ/ BTC pair reach fib 1.618 and fib 2 target of the range channel so be careful with your investments
Nota
in my opinion weekly chart looks very bad if we close like this it confirms the analysis green line is first weak support the 2 purple boxes below are stronger
Nota
this is my indicator I usually use it to identify trend you can see that downtrend is very powerfull
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