Market review, December 16, 2019

2019-16-12 11:31:57

Bank of Sweden Riksbank is considering the possibility of cooperation with the international consulting company Accenture to develop a test platform for the digital Swedish krona.

Unlike Switzerland, which sees more disadvantages than advantages in creating a state stablecoin, Sweden begins to study the properties and technological capabilities of the digital coin.

Riksbank believes that the pilot project will expand knowledge of state cryptocurrencies and give a clear understanding of how to maximize their potential. The Central Bank began to carefully study this issue, as in recent years the use of cash in the country has sharply decreased.

Let us recall that in October, Riksbank CEO Stefan Ingves called Libra a “catalyst” for the digital transformation of global central banks.

In addition, in June, Sweden became a member of the European Blockchain Partnership, along with Italy and the Czech Republic, with the aim of sharing experience and knowledge in the field of digital technologies for the development of public and private sectors.

Technical analysis of Bitcoin (BTC):


Over the past weekend, the price of bitcoin fell to the support level of $7,000, then it jumped to the resistance level of $7,270. Now, the price of bitcoin is $7,070. We expect that bitcoin will test the support level of $6,500. The nearest resistance levels are $7,160, $7,250, $7,400, $7,600, $7,670, $7,800, $7,900. The nearest support levels are $7,100, $7,000, $6,800, $6,500.

Technical analysis of Ethereum (ETH):

Over the past weekend, the price of ethereum fell to the support level of $139, then it jumped to the resistance level of $144. Now, the price of ethereum is $141. We expect that ethereum will test the support level of $139. The nearest resistance levels are $141, $143, $145, $146, $147, $150, $152, $155, $157, $162. The nearest support levels are $139, $137, $132.

Technical analysis of Ripple (XRP):


Over the past weekend, the price of ripple fell to the support level of $0.21, then it jumped to the resistance level of $0.2130. Now, the price of ripple is $0.2130. We expect that ripple will test the support level of $0.21. The nearest resistance levels are $0.2140, $0.2170, $0.22, $0.2240, $0.2260, $0.23. The nearest support levels are $0.21, $0.2090, $0.2040, $0.20.

Posted: 16.12.2019 | 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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