Chart shows common supports and resistances based on the Fibonacci and price action. The total evaluation for the XTZ chart is neutral. The coin is neither bullish nor bearish because of the fact there are no established key supports above the 0.236 (no higher lows) and the fact that it even goes in the 0.236 is an indication that people are not interested keeping the price above after the sell-off. The bearish divergence in the daily timeframe is very clear of a continuous pressure to the downside despite price action being high, the peak has been rejected 4 times and is now most likely forming a potential head and shoulders pattern to the downside AFTER the continuation to the upside initially.
The recommended strategy for this coin is to buy it in the 0.236 zone and pay attention to areas of strong selling pressure. The coin should definitely be shorted on the 0.786 or 1 FIB as it will be likely to get rejected as well. The shorting targets are very strong in bear trends with BTC. Do not attempt to overleverage just because you have a really good position either way.
The recommended strategy for this coin is to buy it in the 0.236 zone and pay attention to areas of strong selling pressure. The coin should definitely be shorted on the 0.786 or 1 FIB as it will be likely to get rejected as well. The shorting targets are very strong in bear trends with BTC. Do not attempt to overleverage just because you have a really good position either way.