Altcoins News
By Steven Anderson
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The Federal Lawsuit on Tezos continues. Alex Liu of Tezos Commons stated that contrary to the suggestion on the social media about the lawsuit as being over.
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“Even though that would certainly be great news for the Tezos community, unfortunately, that’s not true.”
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There has been “no significant movement” on the Federal Law Suit. The suit has been rescheduled for early next year.
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The Federal Lawsuit considers the Tezos to be a security. The US Securities and Exchange Commission did not file the suit.
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Several projects have given in to their opponents, and they arrived at quick settlements to gain regulatory approval; however, Tezos is not likely to give up to its opponents.
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The SEC inevitably places restrictions on securities investment; however, there have been a lot of misconceptions, and the SEC is not investigating Tezos.
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Apart from the suit, Tezos had a great year with the Year-To-Date (YTD) return of 185%. The previous class-action suit did not prevent the token from getting listed in…
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Decisions on the ambiguous outlooks concerning the tokens are made considering the support and resistance points set by the Fibonacci retracement level.
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The overall sentiment is in favor of Tezos. There has been a significant increase in volume.
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If the price of the Tezos would move past the 23.6% on the Fibonacci retracement level, the token will break out of the bull flag pattern as observed on the 1-week chart.
The Currency Analytics
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