When XTZ broke down below the $2.2269 support level, it confirmed a bearish channel. I don't anticipate any ABC corrections, or reversal patterns, XTZ will most likely follow this channel all the way to the next critical supports:
TP 1: $1.2662
TP 2: $0.9495
To confirm these targets i used fib retracements, and Money Flow oscillator to confirm bearish channel.
TP 1: $1.2662
TP 2: $0.9495
To confirm these targets i used fib retracements, and Money Flow oscillator to confirm bearish channel.
Money Flow, Stoch RSI, and volume all look extremely bearish for XTZ / USD.
$1.42 is the price point to look for a divergence or change in the trend, if it breaks that line, it will most likely free fall to around $1.