Market Review. Results of the Day. Corrections

March 22, 2018


BTC $8895.04

ETH $558.27

XRP $0.675

BCH $1023.70


Technical analysis.

Today, Ethereum reversed and and came back to the falling channel with the resistance level of $560. The support level is $520. If the price breaks down this level, then the target of a further fall is $480.

Ripple broke down the reversal pattern with a target level of $0.60. The support level is $0.65, the resistance level is $0.70.

Bitcoin has corrected. The price reached the level of $9,100, then turned down and broke the support level of $8,900. The new support level is $8,600, and the resistance level is $8,900.

Apparently, it is to early to say goodbye to the current long-term falling trend. BTC looked stronger that the market today, and one can consider buying it if case of breaking out the resistance level. ETH and XRP were weaker that the rest of the market, and they are good options for short positions.

 

 

News review:

Teenager hacked 'the most secure cryptocurrency hardware wallet' Ledger.

Edward Snowden claimed that National Security Agency of USA has been watching cryptocurrency holders since 2013 and can identify every user with 100% accuracy.

Organisation for Economic Co-operation and Development wants to tax blockchain and cryptocurrency.

Child abuse images were found in Bitcoin blockchain, making it potentially outlawed in some countries. 

Bladetec is building the largest mining farm in England. Everybody is welcomed to invest.

Snapchat banned crypto ads. 

IBM presented the tiniest computer in the world. Interestingly enough, it supports blockchain apps. 

Time claims that Russia is behind the creation of Venezuela's national cryptocurrency El Petro.


 

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