XTZUSD has been getting slaughtered for more than three months straight. The market right now obviously looks pretty damaged, and a lot of people are calling for sub $40k BTC targets... but there are other factors to take into consideration here. First, XTZ has been front-running the market on longer timeframes. In the last cycle, XTZ was both an early riser and an early topper. XTZ topped in early October whereas almost all other coins topped in mid November. Second, there is a clear fractal repeating in some of the most popular indicators (RSI, MFI, MACD) on all of the long timeframes (2D, 3D, 1W), especially MACD. It's not a sure thing but it's at least worth a look.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.