Technical analysis by Aleks00000 about Symbol XTZ: Sell recommendation (5/9/2022)

HTZ break 2 years long megaphone pattern. I think the decline will continue in the coming months . Possible resistances are marked with blue lines. Disclaimer: This is not financial, investment, trade or other advice. This is my personal opinion which can very easily be wrong. You trade at your own risk.As you can see resistance lines especially 0.95 are rejecting xtz quite well. I think the bearish scenario will persist in the coming months and xtz may drop to around 0.5 or even lower, it is still too early to forecast a bottom.