Starting in October 2021, the XTZ price has fallen by more than 80%. The recent failure of buyers and the $3 range has increased sellers’ aggression and allowed them to set a new local low of $1.45. Four weeks of falling after breaking and fixing the price below $3 lowered the price by 50%. That is, the main fall in the whole correction wave from October occurred after the loss of the $3 range. https://www.tradingview.com/x/bbY86heP/ What do we have at the moment? The price of XTZ stopped in a powerful liquidity zone, which had twice saved buyers. The first consolidation above this range took place in March 2020, during the triumphant fall of BTC. That is, investors who bought cryptocurrency in 2020 have now lost all their profits. This is a thesis to consider, is it worth keeping a cryptocurrency for more than six months? Given that the fall wave without corrections from April 2022 is still unbelievable that sellers will be able to break the $1.45 mark. At the moment the process of ramming the bottom is underway. During this time, buyers buy the entire offer of sellers at local lows and prepare the market for the beginning of a new wave of growth. However, so far there are no signals for the purchase of XTZ on the weekly timeframe. May 2022 turned out to be no better than 2021. So now there is no hurry and wait for the month to close. Technical Analysis Of XTZ On The Daily Timeframe https://www.tradingview.com/x/Rpp8u7SR/ Ana...
