1/ Would you like to see more analysis over #ESDT's like $ZPAY? Looks to me like @ZoidPay is in full-on price discovery mode vs. $egld! This is not a battle between zpay & egld; if the underlying asset $egld is performing well, any gains on this chart become "mulitpliers" in $usd
2/ This "early stage" region was basically washing amongst traders. People knew less about $zpay back then. Circled in blue where Support first failed, the mode switched to finding a new floor. "Where will demand meet supply?"
3/ It didn't take long for a new floor to be found. From there, price began riding the middle Bollinger Band and even had several spikes upwards that pushed the extent of the top BB. This is indicative that demand is present!
4/ The bounce off of the "New floor found" pushed up to test that "early stage resistance" level, and that level became support. Broken support can become resistance, and here we saw that broken resistance became support. The floor rose higher as the Bollinger Bands tightened...
5/ Just like before when price first pushed past resistance, we see price riding the upper BB. Price is in full-on discovery mode!
6/ Now here's where the fun begins! 😊 Will demand continue to push the extent of the upper BB? Maybe demand needs to cool off some and just as before will find a horizonal channel to move through. Maybe some hodlers will take some chunks off the table, causing a retest lower?
7/ That's always for you to decide #NFA but ask yourself why people would want to #hodl $zpay... 🤔 Does it seem like a useful asset? Does it have a promising future?
8/ Just like everyone got excited about @ElrondNetwork acquiring @twispay, @ZoidPay seems to have their own bank acquisition just around the corner. This was big news that @eduardoneci announced during our interview with him earlier this month!
9/ @ZoidPay has found its place among (and ahead of) the big dawgs on Maiar DEX, and it really does seem this is only the tip of the iceberg. 🔥
10/ This growth is especially note-worth because $egld has not established any sort of uptrend. We are close, but we need a few solid movements and price ranges to establish before we can get too excited...
11/ All this to say, I think we are in for some pretty exciting times ahead! @ElrondNetwork @ZoidPay
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