Dec 29, 2020
👀Huobi x CoinMarketCal👀A Coin To Keep An Eye On —Tezos!
Tezos is a self-amending cryptographic ledger. It achieves consensus not just about the state of a ledger, but about the state of its own protocol. Tezos is designed to provide the safety and code correctness required for assets and other high-value use cases. Its native smart contract language, Michelson, facilitates formal verification, a methodology commonly used in mission-critical environments such as the aerospace, nuclear, and semiconductor industries.
📅 The upcoming event via coinmarketcal.com!
🔹Tezos Rstake testnet — Decemeber 30th, more here
📈 Analysis
Last week, XTZ swept stops below the Q4 support near $1.7812 before quickly bouncing into support between $1.9943 and $1.8698.
The upward speed of this move back into support shows that buyers are eager to enter, suggesting that more upward movement may be coming.
If the price breaks resistance near $2.2967, just below the monthly open, the equal highs near $2.5565 provide an appealing first target. Bullish continuation through the resistance beginning at $2.6211 would hint that the next target is the swing high near $2.9647.
Beyond this target, the resistance beginning at $3.1807 could be strong enough to halt the bull run. If this resistance breaks, a parabolic rise through the highs might reach mid-August.
🔹Trade TEZOS Daily — Win Prizes Daily.
👀Follow Us On Twitter @HuobiGlobal + @CoinMarketCal
👀www.huobi.com; coinmarketcal.com
Risk Reminder:
1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions.
2. Huobi Global’s announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.
