Andresa30

XTZUSD BULLISH

Long
COINBASE:XTZUSD   XTZ/USD
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4
A quick observation:

Clear divergence between altcoins and bitcoin . While altcoins were making new highs in February 2020, bitcoin got stuck and did not reach new highs.

There is something interesting to take from these charts. Almost all altcoins and bitcoin broke and closed below their lowest points in December 2019. Tezos was the exception. The coin has found a strong support zone in those green rectangles (monthly demand zones). Buyers are very aggresive in those areas.

Fundamentally speaking, I do not have the answer to explain why there is a strong demand for the altcoin, but I would like to hear from someone who has more knowledge with blockchain. Is Tezos doing something different in the blockchain arena? Perhaps, a new partner?

XTZUSD BULLISH

Comments

along with chainlink, tezos has maintained an incredibly bullish ascending triangle that finally broke out. tezos is in the process of possibly implementing two central bank digital currencies, also usdtz is pegging with commodities, currencies, and other financial tools like tezo tbills. security token offerings with real estate and other famous places such as Pavillon de musique de la comtesse de Provence" in Versailles.tezos is not playing around. it is on a path to solving real problems in todays mess of traditional financing. its long term path is up. way up
+2 Reply
Miamicane1 BrandonrG
@BrandonrG, Thank you Brandon. You are on top of your game. Well done and stay safe and healthy
+1 Reply
BrandonrG Miamicane1
@Miamicane1, thank you miamicane for the kind words. it means alot and take care my friend.
Reply
Andresa30 BrandonrG
@BrandonrG, Thanks for sharing that information. I have been educating myself, and I learned that Tezos is strong because it has a flexible governance, which means that any token holder can propose an upgrade. I also learned that tezos token holders are being paid 5% in crypto dividends. I haven't hear anything similar from other coins.
Keep up the good work! and trade safe!
+1 Reply
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