Tezos is one of the pioneers in the crypto and blockchain markets. Tezos was created, by Arthur Breitman, to fix one of the drawbacks of Bitcoin, which is the lack of a governance process that invited contributions from the community that uses the network, as well as the fact that new tokens couldn’t be issued through this blockchain. Also, the code of XTZ is implemented in OCaml which is a fast, flexible, and functional programming language that can evolve and improve over time without ever being in danger of a hard fork. This is something that both Bitcoin and Ethereum have suffered from since they were created.
Anyway, Tezos been going up and down, and as a result, a harmonic pattern formed, which recently ended, and XTZ broke the downtrend line too. After that, a double bottom also formed, and XTZ is trying to break its minor downtrend line. Let's see what happens.
Anyway, Tezos been going up and down, and as a result, a harmonic pattern formed, which recently ended, and XTZ broke the downtrend line too. After that, a double bottom also formed, and XTZ is trying to break its minor downtrend line. Let's see what happens.
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So, as it turned out, XTZ is moving in a wide channel; slightly descending. After XTZ retested the bottom another time, showing strong support, then the next upward wave started. Let's see how high XTZ can go.
Note
So, XTZ reached the inverted wedge's upper line, correction follows. Let's see when XTZ breaks this line.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.