Trending top-200 crypto by Market Cap

This Crypto Still has a lot of potential even after a 50% move in just three days!

$XTZ surged by over 60% in just three days last week, however this may just be the start of Tezos
reaching its true value!

Tezos was beset by delays and legal difficulties after a promising start and a highly successful initial
coin offering (ICO). Tezos sustained the Bitcoin bear market thanks to its unique proof-of-stake
system. Between October 2019 and February 2020, the price of Tezos more than quadrupled,
reaching new highs.

What are the functions of Tezos?

Tezos is a decentralised ledger that uses blockchain technology, similar to Bitcoin and Ethereum.
Tezos, like Ethereum, is built on the concept of smart contracts. According to the creators, the name
"Tezos" means "smart contract" in ancient Greek. It is designed to be a dynamic network, this
adaptability is seen as a critical feature of the system. Bitcoin's lack of flexibility and scalability, in
particular, has caused several challenges and growing pains. Because of it, Ethereum has expanded
significantly. Moreover, Tezos is not just like any other crypto, it is a very unique coin! Most
blockchains have to be monitored and developed by teams to make new design choices however
with Tezos that is not the case- Tezos includes the user network for the decision-making processes!

This is a completely different approach than the other coins out there and the system simply
encourages users to take part in the core development process. This decentralises maintenance and
democratises the development process.

Tezos rallied by over 60% the past week and that might be the result from the huge increase in it’s
contract calls month on month-0A staggering 5 million contract calls so far this month, up 2 million
from last months 3 Millions. This trend is suggesting the increase in the demand for the contracts
through Tezos and is hinting towards a very bullish sentiment for the next couple of months!
Source- Twitter-RichAyotte

What are the charts looking like?

Tezos has formed a cup and is now forming a handle before and will give a small pullback before
giving another bullish move!

Source-IG

-Tezos has a strong support at the $4.6 levels suggesting that it will reverse from there, moreover it
also has it’s 200 moving average there which has acted as a strong support in the past as well!

-There is a Golden Bullish crossover (A bullish breakout pattern created by a crypto's short-term

moving average breaking above its long-term moving average is known as the golden cross. The
golden cross, which is supported by strong trade volumes, implies a bull market on the horizon, since
long-term indications hold more weight)- in the 50 and 200 day Moving averages suggesting that a
strong up trend will now be starting once there is a breakout from the handle- This could yield huge
targets in the long term as well.

- However one must be cautious of the $8 resistance level which is also the top of the up as it is a
very strong support and Tezos might reverse from that zone in the future.

-To be safe a clear reversal can be waited for to avoid falling for a bearish cup pattern!

-Huge buying volumes can be seen suggesting that institutions are also entering $XTZ

-The RSI is showing a reversal at the levels of around 48