XTZ/BTC TA Update (Another Leg Down?)
XTZ/BTC
XTZ is on a strong or deep pullback and already testing the golden Fib 0.618 level. The RSI hasn't hit the oversold condition yet and we are still seeing increased in sell volume indicating that there could still be another leg down before a strong move to the upside. If XTZ can close the price above 1700 then there is potential that this trend is ready to move up again. Otherwise, we could experience more downward action below 1500 - 1300 regions.
XTZ is on a strong or deep pullback and already testing the golden Fib 0.618 level. The RSI hasn't hit the oversold condition yet and we are still seeing increased in sell volume indicating that there could still be another leg down before a strong move to the upside. If XTZ can close the price above 1700 then there is potential that this trend is ready to move up again. Otherwise, we could experience more downward action below 1500 - 1300 regions.
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