It is now clear that the long term ranging pattern was not accumulation but rather a distribution. Using Bitfinex chart because it has long price history to identify support and resistance. XTZ/BTC is now coming to the first support zone looking to bounce from here. If bulls cannot defend this zone the price may fall another 30% from volume profile perspective, to find the price of control zone where trading interest is the highest.
@PolarHusk, Seems like we are stuck in the support zone for a while. Market isn't in a hurry to decide direction, I hope it's not waiting for the election...