Market review, July 14, 2020

2020-14-07 11:31:15

The telecommunications companies Telefonica (Spain), Deutsche Telekom (Germany), and Vodafone (Great Britain) have completed a pilot project to test the blockchain in calculating payments for roaming.

 

The solution developed by Startup Clear should reduce costs for telecom companies, provide a faster calculation of profits, and a more efficient calculation of transactions and work processes between companies. It allows the users to get an annual report on the calculation of discounts on roaming in minutes and report in real-time on the discrepancies between the different parties. After that, you can instantly update the data in the system for all participants. 

 

“Harmonization of roaming discount agreements is a complex, expensive process in which errors often occur. With Clear, operators can interact seamlessly with the partner ecosystem, which is critical in a growing 5G ecosystem. We foresee significant growth in operator interactions,” Johannes Opitz, Deutsche Telekom vice president, Commercial Roaming Services, said. 

 

Companies that participated in the pilot testing of Clear’s solution call on their partners to connect to the system to provide automatic calculation of roaming and improve the interaction of operators. 

 

Technical analysis of Bitcoin (BTC):

Over the past day, the price of bitcoin dropped to the support level of $9,150. After this fall, the price rebounded to the resistance level of $9,200. Now, it is $9,150. In the future, we predict an increase. The nearest resistance levels are $9,200, $9,300, $9,400, $9,500, $9,600, $9,850, $10,000, $10,250, $10,500, $11,100, $12,230. The nearest support levels are $9,000, $8,600, $8,150, $7,900, $7,600, $7,500.

Technical analysis of Ethereum (ETH):

Over the past day, the price of ethereum fell to the support level of $235. After this fall, the price rebounded to the resistance level of $240. Now, it is $239. In the future, we predict an increase. The nearest resistance levels are $245, $250, $257, $260, $270. The nearest support levels are $240, $238, $235, $229, $225, $220, $218, $216, $212.

 

Technical analysis of Ripple (XRP):

Over the past day, the price of ripple dropped to the support level of $0.1920. After this fall, the price rebounded to the resistance level of $0.2. Now, it is $0.2010. In the future, we predict an increase. The nearest resistance levels are $0.2020, $0.2060, $0.21, $0.2150, $0.22, $0.23, $0.2350. The nearest support levels are $0.2, $0.1950, $0.19, $0.1820, $0.18, $0.1750, $0.17.

Posted: 14.07.2020 | Dmitriy Elowacki
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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