looking at our trend timeframe we see XTZ has formed a higher low at $1.40 and price is now looking to make a push towards the upside. Stochastic RSI showing bearish momentum has slowed down and we could be seeing a shift towards the upside. With enough momentum expect XTZ to see $2.20 soon.
switching over to our pattern timeframe we see the price has respected our downtrend since forming a high at $3.92, stochastic rsi showing momentum is in favor of the bears with no signs of slowing down. Swing low ($0.77) to swing high ($3.92) shows a retracement was made to our 95%; we did not touch this level however we did come close. The price ended up holding at our 87%, we are now looking for a daily close above $1.95 to activate our trade and head towards the upside, rejection from this level and expect our sell-off to continue towards $0.92
