Market review, September 4, 2020

2020-04-09 10:18:39

On its website, the CoinMarketCap service presented a new section called Alexandria, which will collect various information for learning cryptocurrencies.

 

The section was named after the Library of Alexandria, which was the largest in its time. There will be collected the maximum amount of various information about cryptocurrencies. Besides, the service plans to release in-depth training materials called Tech Deep Dives.

 

An article in the company’s blog emphasizes that the training materials were created in such a way as not to overload those interested in unnecessary details. The articles are written in fresh language and are accompanied by illustrations for the fullest understanding of the subject. 

 

“On the platform, you will get small, easily digestible pieces of information that you can quickly read and understand, and move on to the next. The cryptocurrency industry is changing rapidly, and you need to keep up with it,” the article notes.

 

Not so long ago, CoinMarketCap launched another training platform – Earn. However, if Alexandria is presented as a general educational portal, where you can find information about the whole crypto industry, the Earn program teaches a specific project, and students are paid a small award in tokens of the project.

 

Technical analysis of Bitcoin (BTC):

Over the past day, the price of bitcoin dropped to the support level of $9,900. Then it rose to the resistance level of $10,500. Now, the price of bitcoin is $10,490. In the future, we predict an increase. The nearest resistance levels are $10,500, $11,000, $11,300, $11,400, $11,500, $11,650, $11,850, $12,000, $12,230, $13,000, $13,500. The nearest support levels are $10340, $10,250, $10,000, $9,850, $9,600, $9,400, $9,300, $9,200, $9,000, $8,600.

Technical analysis of Ethereum (ETH):

Over the past 24 hours, the price of ethereum dropped to the support level of $370. Then it rose to the resistance level of $400. Now, the price of ethereum is $397. In the future, we predict an increase. The nearest resistance levels are $400, $410, $415, $420, $430, $440, $443, $470, $475, $500, $530. The nearest support levels are $390, $385, $380, $350, $330, $325, $310, $300, $290, $277, $270, $260, $257, $250.

Technical analysis of Ripple (XRP):

Over the past day, the price of ripple dropped to the support level of $0.2380. Then it rose to the resistance level of $0.2580. Now, the price of ripple is $0.26. In the future, we predict an increase. The nearest resistance levels are $0.27, $0.28, $0.29, $0.2960, $0.30, $0.3080, $0.31, $0.32, $0.3250, $0.3450. The nearest support levels are $0.26, $0.2580, $0.25, $0.2440, $0.235, $0.23, $0.2250, $0.22, $0.2150, $0.21, $0.2060, $0.2020.

Posted: 4.09.2020 | Korolowa Helena
Disclaimer. This review is only for information purposes and cannot be considered as a proposal or an indication to perform certain transactions in the financial and commodity markets. The estimates and recommendations in the review are the personal opinion of the company's analysts. The company's view on the prospects for individual financial instruments is valid as of the date of the report. The Company does not assume any liability and liabilities for compensation for damage that may result from the use of this report.
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