XTZUSDT (Tezos) - Coin of the Week
Tezos is a blockchain network that is similar to Ethereum in that it is built on smart contracts. However, there is a significant difference: Tezos aspires to provide more advanced infrastructure, which means it may develop and improve over time without the risk of a hard fork. Since their inception, both Bitcoin and Ethereum have suffered from this problem. People who own XTZ can vote on protocol upgrades proposed by Tezos developers.
This open-source platform claims to be "safe, upgradable, and built to last," and claims that its smart contract language delivers the precision needed for high-value use cases. Tezos claims that its methodology makes it futureproof and that it will “remain state-of-the-art far into the future,” implying that it can adapt to changes in blockchain technology.
Technically, on the big timeframe XTZ finds itself like all the big market cap cryptos in a weekly downtrend. If we look on the 4h timeframe we see a structure that has a high probability of going higher to retest at least the resistance area marked on the chart. However, we advise caution because we are in a big downtrend, this up move can be corrective and the next big move can be sharp and fast to the downside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
This open-source platform claims to be "safe, upgradable, and built to last," and claims that its smart contract language delivers the precision needed for high-value use cases. Tezos claims that its methodology makes it futureproof and that it will “remain state-of-the-art far into the future,” implying that it can adapt to changes in blockchain technology.
Technically, on the big timeframe XTZ finds itself like all the big market cap cryptos in a weekly downtrend. If we look on the 4h timeframe we see a structure that has a high probability of going higher to retest at least the resistance area marked on the chart. However, we advise caution because we are in a big downtrend, this up move can be corrective and the next big move can be sharp and fast to the downside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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