RATE Group | Tezos Cryptocurrency May Rally to New Highs According to Bullish Factors
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Tezos Cryptocurrency May Rally to New Highs According to Bullish Factors

02 Apr Tezos Cryptocurrency May Rally to New Highs According to Bullish Factors

Posted at 21:44h in Cryptocurrency News by

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Few cryptocurrency assets have had as strong a showing in early 2020 as Tezos. But just as most assets got caught up in last month’s record-breaking selloff, so did the previously skyrocketing altcoin.

However, chart patterns across both USD and BTC pairs are showing signs that the asset is ready to take off once again, and could possibly rally to new highs even despite the bearish market sentiment.

Tezos Ascending Triangle on XTZUSD Pair Points to Coming Rally

Tezos is one of the cryptocurrency industry’s stand out assets that give the asset class its reputation for making investors filthy rich, and then weeks later cause them to go broke.

Crypto investors who bought the cryptocurrency on January 1, 2020, would have earned nearly 200% return on investment if they later sold the top just ahead of the catastrophic, coronavirus-fueled panic selloff in mid-March.

Related Reading | Tezos Cryptocurrency Up Over 130% Year to Date, Analyst Warns Not to FOMO 

Those who bought in a year…

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