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
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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
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this is my indicator I usually use it to identify trend you can see that downtrend is very powerfull
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