Huobi x CoinMarketCalA Coin To Keep An Eye On —Tezos!

This article was first published on Huobi Group - Medium
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🔹What is 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.

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📅 The upcoming event via coinmarketcal.com!

🔹Tezos Rstake testnet — Decemeber 30th, more here

XTZ | USDT — Dec.28th, 6:49 EST, 1 Day Chart!

📈 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....

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