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
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